Nanotechnology Now

Our NanoNews Digest Sponsors


Heifer International

Wikipedia Affiliate Button

Home > News > Sono-Tek Announces Third Quarter Earnings

January 12th, 2007

Sono-Tek Announces Third Quarter Earnings

Abstract:
Sono-Tek Corporation(OTC Bulletin Board: SOTK) today announced sales of $1,624,000 for the three months ended November 30, 2006 compared to sales of $1,671,000 for the same period of last year, a decrease of 2.8% or $47,000. For the nine months ended November 30, 2006, the Company reported sales of $5,240,000, an increase of 3% or $157,000 compared to sales of $5,083,000 for the same period of last year. The Company's nine months sales levels have increased slightly as the result of continued new product development efforts, related marketing thrusts, and expansion into international markets. The Company experienced a significant increase in sales in its international markets, which offset a 20% decline in its domestic electronics business this year. The Company anticipated this decline in view of an accelerating move to offshore electronics production, combined with a slowdown in the housing market, and a reduction in the competitiveness of domestic automotive manufacturers. The housing market and domestic automotive companies are large users of printed circuit boards in a variety of electronic devices.

According to Dr. Christopher L. Coccio, "We are continuing to invest time and money in the creation of new products and markets. For example, in the past quarter, we have engaged a food technology expert, Dr. Joseph Riemer, to help us explore and pursue opportunities for ultrasonic spray applications in that industry, particularly as that industry turns to coating technology that includes nanotechnology to prevent spoilage, improve flavorings, and to reduce costs. Dr. Riemer will be joining Sono-Tek this month on a full time basis to head up our engineering organization, in addition to pursuing opportunities in the food industry. We feel that his strong technology and management background will be an asset to Sono-Tek in the future. We are also collaborating with an oil burner company to develop a new, higher efficiency way of heating based on our nozzle technology. In addition, we are continuing the development of our WideTrack coating system for application to glass lines, textile lines, solar and fuel cell applications, and a growing array of nanotechnology based applications."

Source:
prnewswire.com

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

Investments/IPO's/Splits

Industrial Nanotech, Inc. Provides Shareholder Update August 22nd, 2016

Carbodeon Ltd Oy Closes EUR 1.5 million Funding Round From Straightforward Capital: Carbodeon will accelerate its nanodiamonds business and expand manufacturing capacity August 21st, 2016

Leading Advanced Materials Manufacturer Pixelligent Closes $10.4 Million in Funding: Capital Will Boost Capacity for North American Manufacturing, Drive Asian Expansion, and Continue Innovation in Solid State Lighting and OLED Display Applications August 16th, 2016

Harris & Harris Group to Host a Shareholder Update Call, Including a Presentation by One of Its Precision Health and Medicine Portfolio Companies, Muses Labs, Inc., on August 23, 2016 August 16th, 2016

Announcements

AIM Photonics Announces Release of Process Design Kit (PDK) for Integrated Silicon Photonics Design August 25th, 2016

Semblant to Present at China Mobile Manufacturing Forum 2016 August 25th, 2016

Johns Hopkins scientists track metabolic pathways to find drug combination for pancreatic cancer August 25th, 2016

New electrical energy storage material shows its power: Nanomaterial combines attributes of both batteries and supercapacitors August 25th, 2016

Financial Reports

Nanometrics Reports Second Quarter 2016 Financial Results July 26th, 2016

Nanobiotix revenue for Q2 2016 July 14th, 2016

Nanometrics to Announce Second Quarter Financial Results on July 26, 2016 July 6th, 2016

Nanometrics to Announce First Quarter Financial Results on April 26, 2016 April 5th, 2016

Food/Agriculture/Supplements

Lab team spins ginger into nanoparticles to heal inflammatory bowel disease August 19th, 2016

The NanoWizardŽ AFM from JPK is applied for interdisciplinary research at the University of South Australia for applications including smart wound healing and how plants can protect themselves from toxins July 26th, 2016

Graphene-infused packaging is a million times better at blocking moisture July 15th, 2016

The use of nanoparticles and bioremediation to decontaminate polluted soils June 14th, 2016

Energy

New electrical energy storage material shows its power: Nanomaterial combines attributes of both batteries and supercapacitors August 25th, 2016

Lehigh engineer discovers a high-speed nano-avalanche: New findings published in the Journal of Electrochemical Society about the process involving transformations in glass that occur under intense electrical and thermal conditions could lead the way to more energy-efficient glas August 24th, 2016

New flexible material can make any window 'smart' August 23rd, 2016

Researchers reduce expensive noble metals for fuel cell reactions August 22nd, 2016

Fuel Cells

Researchers reduce expensive noble metals for fuel cell reactions August 22nd, 2016

W.M. Keck Foundation awards Cal State LA a $375,000 research and education grant August 4th, 2016

Proton pinball on the catalyst: Moisture helps catalyst in fuel cells August 3rd, 2016

New nontoxic process promises larger ultrathin sheets of 2-D nanomaterials July 27th, 2016

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







Car Brands
Buy website traffic