MINNEAPOLIS -- CyberOptics founder and chairman Steven K. Case was killed last night when the small plane he was piloting crashed while trying to land at a suburban Minneapolis airport.
Case, 60, died following a crash of his single-engine Cirrus SR22 around 10 p.m. Tuesday night.
He founded CyberOptics in 1984 while a professor of electrical engineering at the University of Minnesota. He was CyberOptics’ president until 1998 and became the chairman in 1995. He was a director of the American Electronics Association and a director of the Surface Mount Equipment Manufacturers Association since 2008.
In a statement, president and chief executive Kathleen P. Iverson said: "Everyone at CyberOptics is shocked and deeply saddened by Steve’s death, and we extend our heartfelt condolences to his wife and family. He was a brilliant engineer, whose many inventions and technological breakthroughs not only established the foundation for CyberOptics’ success, but also helped transform the surface mount electronics industry. Most importantly, Steve was a wonderful friend and colleague to everyone who worked with him. He established a strong and capable management team, and we will do what Steve would want and that is to continue aggressively pursuing the ideas and promising opportunities he helped set in motion.”
LONDON -- Copper fell for a fifth day on the London Metal Exchange, with speculation that lower prices will further increase stockpiles in China.
This should be a welcome relief for the electronics industry that uses copper as a basic building block to enable conductivity. Recently, prices for copper clad laminate in the region have been increasing, based on increases in copper. Lower prices should provide some relief.
On June 17, copper for three-month delivery fell $20, or 0.4%, to $4,940 per metric ton, from a low of $4880 per metric ton, on June 16. Copper for a July delivery lost 0.7% to $2.243 per pound on the New York Mercantile Exchange’s Comex division.
Analyst Max Layton from Macquarie Bank Group Ltd. in London said, “We expect the price will fall 10% to 15% over the next two months.”