YAVNE, ISRAEL – Valor Computerized Systems announced year-to-date revenues of $31.4 million, an increase of 17.5% year-over-year.
Net profit year-to-date was $2.2 million, a decrease of 9% year-over-year.
Third-quarter revenues reached $10.6 million, an increase of 15.2% compared to the same quarter in 2006.
CFO Dan Hoz said, “Business conditions in Q3 were in line with our expectations. We witnessed a strong positive cash flow, resulting from a robust collection of account receivables ... ”
President and CEO Ofer Shofman said, “ … We signed an OEM partnership agreement with Universal Instruments Corp. … We are already working to deliver similar agreements over the next quarters.
“We have recently signed a distribution agreement with one of the largest EDA solution distributors in Europe … “ he added.
DENVER – Coretec Inc. has announced the continued deployment of XACT PCB's Gemini-X PCB registration system at the company's Denver facility.
Gareth Parry, CTO of Coretec, said, "The Gemini-X system from XACT PCB was installed in our Toronto operation at the start of this year … Our Denver facility targets leading-edge quick turn prototype and mid-volume production, and we have recently installed the Excellon Intelli-Drill to further increase its capability. We have adopted the XACT Gemini-X software to further increase advanced registration capability across our sites."
HELSINKI – Aspocomp Group Oyj, struggling to cope with weakened demand for its printed circuit boards, today named Isto Hantila chief executive, effective immediately.
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COSTA MESA, CA - Stablcor Incorporated, announced a new licensing agreement with Anaheim, CA-based DDi Corporation. DDi's new agreement with Stablcor eliminates end-product royalties, which were charged to the fabricator before the product could be shipped to the end user. The new licensing policy is being introduced to qualified fabricators to transition STABLCOR® from a specialty material to a general build-up material for use in PCB structures.
HELSINKI – Aspocomp has signed an agreement to sell its holdings in subsidiaries in China and India, as well as certain equipment from its Salo plant, to a new holding company.