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

Nanometrics Announces Upcoming Investor Events August 3rd, 2017

Nanometrics to Participate in the 9th Annual CEO Investor Summit 2017: Accredited investor and publishing research analyst event held concurrently with SEMICON West and Intersolar 2017 in San Francisco June 27th, 2017

180 Degree Capital Corp. Announces the Start of Kevin Rendino as Chairman and Chief Executive Officer and Completion of its Transition to a Registered Closed-End Fund March 31st, 2017

Harris & Harris Group Issues Its Financial Statements as of December 31, 2016, Posts Its Annual Shareholder Letter, And Will Host a Conference Call for Shareholders on Friday, March 17, 2017 March 15th, 2017

Announcements

Silk could improve sensitivity, flexibility of wearable body sensors August 20th, 2017

The power of perovskite: OIST researchers improve perovskite-based technology in the entire energy cycle, from solar cells harnessing power to LED diodes to light the screens of future electronic devices and other lighting applications August 18th, 2017

Gold nanostars and immunotherapy vaccinate mice against cancer: New treatment cures, vaccinates mouse in small proof-of-concept study August 18th, 2017

Researchers printed graphene-like materials with inkjet August 17th, 2017

Financial Reports

Arrowhead Pharmaceuticals to Webcast Fiscal 2017 Third Quarter Results July 27th, 2017

Nanometrics to Announce Second Quarter Financial Results on August 1, 2017 July 14th, 2017

Arrowhead Pharmaceuticals to Webcast Fiscal 2017 Second Quarter Results April 27th, 2017

Nanometrics to Announce First Quarter Financial Results on May 2, 2017 April 11th, 2017

Food/Agriculture/Supplements

Probiotics: Novel biosynthetic tool to develop metallic nanoparticles: This research article by Dr. Nida Akhtar et al has been published in Recent Patents on Drug Delivery & Formulation, Volume 11, Issue 1, 2017 July 20th, 2017

New technology could offer cheaper, faster food testing: Specialized droplets interact with bacteria and can be analyzed using a smartphone April 7th, 2017

Meta-lenses bring benchtop performance to small, hand-held spectrometer: Game-changing nanostructure-based lenses allow smaller devices, increased functionality February 9th, 2017

PCATDES Starts Field Testing of Photocatalytic Reactors in South East Asia December 28th, 2016

Energy

The power of perovskite: OIST researchers improve perovskite-based technology in the entire energy cycle, from solar cells harnessing power to LED diodes to light the screens of future electronic devices and other lighting applications August 18th, 2017

Freeze-dried foam soaks up carbon dioxide: Rice University scientists lead effort to make novel 3-D material August 16th, 2017

Two Scientists Receive Grants to Develop New Materials: Chad Mirkin and Monica Olvera de la Cruz recognized by Sherman Fairchild Foundation August 16th, 2017

Fewer defects from a 2-D approach August 15th, 2017

Fuel Cells

Engineers pioneer platinum shell formation process – and achieve first-ever observation August 11th, 2017

Argonne National Laboratory’s Continuous ALD Technology Licensed Exclusively to Forge Nano July 7th, 2017

Electrocatalyst nanostructures key to improved fuel cells, electrolyzers June 5th, 2017

Stanford scientists use nanotechnology to boost the performance of key industrial catalyst May 18th, 2017

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