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Fab News

Details: Written by Staff; Category: Fab News; Published: 12 January 2009

OXNARD, CA and ROGERS, CT – CalAmp Corp. and Rogers Corp. have reached an out-of-court settlement regarding a lawsuit filed by CalAmp in May 2008. The litigation concerned product performance issues involving laminate, supplied by Rogers, that was included in certain products manufactured by CalAmp and sold to a Direct Satellite customer.

Rogers has agreed to make a cash payment of $9 million to CalAmp. Under terms of its bank credit agreement, CalAmp will put $4 million of the settlement toward its bank term loan. Both parties acknowledge that Rogers admits no wrongdoing, is not liable for any claim and settled the litigation to avoid an extensive and costly litigation.

“I am pleased that we have reached a satisfactory resolution of this matter,” said Rick Gold, president and CEO of CalAmp. “The settlement significantly improves CalAmp’s financial strength, and we believe it is the best outcome for our shareholders.”

Details: Written by Staff; Category: Fab News; Published: 09 January 2009

DENVER – RJR Circuits Inc. achieved double-digit growth in 2008. The company experienced increases in sales, equipment purchases and metrics.

“RJR’s continued success is largely attributed to positive leadership, employee motivation and our unwavering commitment to quality, on-time deliver and environmental excellence,” said Sharon Kutcher, vice president of operations.

Details: Written by Staff; Category: Fab News; Published: 08 January 2009

BEAVERTON, OR – Merix Corp. released second-quarter consolidated financial results for 2009. The company suffered a net loss of $6.1 million, or $0.29 per diluted share, on revenue of $76.9 million. Included in the figure are $1.1 million of severance and a write down of assets.
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Details: Written by Staff; Category: Fab News; Published: 07 January 2009

WEST SUSSEX, ENGLAND – Teknoflex Ltd. has appointed AndrÃ© Nocturne technical sales manager for France, Luxemburg, Belgium and the Netherlands. In this position, he will strengthen existing customer support and assist in developing new opportunities for the company.

Nocturne brings over 25 years of experience in the flexible circuit industry, holding positions in technical, production and technical sales. Prior to joining Teknoflex, he was employed by Nicosofra for 15 years.

SEASIDE, OR – BR Publishing announced the release of "High Density Interconnect (HDI) Handbook" edited by Happy Holden. Available for free download at www.hdihandbook.com, the book covers materials, design, PWB fabrication, printed circuit assembly and advanced packaging within 16 chapters.

STATE COLLEGE, PA – Chemcut Corp announced the appointment of Cogent Manufacturing Solutions of Atkinson, NH as its agent for the northeastern U.S. and parts of Canada. Cogent Manufacturing Solutions now represents Chemcut in the New England, NJ, NYC, Long Island, Quebec and the eastern half of Ontario, Canada.

Cogent Manufacturing Solutions recently merged with Betz & Company. Cogent is assuming responsibility for the territory previously assigned to the Betz organization. Further Richard Betz and the Betz offices in Cranbury, NJ will continue to support Chemcut as part of the Cogent organization.

“Cogent’s experience in capital equipment is an excellent fit with Chemcut. The inclusion of Richard Betz within Cogent and the additional Cogent personnel in the field provide both continuity and an increased level of support and convenience for our customers in this important geographic area,” stated Rick Lies, Chemcut’s CEO.