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Speedlines Strong First Quarter Results Confirm Leadership in Process Expertise
Speedline Technologies, Inc., today reported that sales during the first quarter of 2004 were up more than 42% over the same period last year. Bookings levels have also increased dramatically with a growth of 55% over the first quarter of 2003.
FRANKLIN, MA (PRWEB) April 11, 2004 --Speedline Technologies, Inc., today reported that sales during the first quarter of 2004 were up more than 42% over the same period last year. Bookings levels have also increased dramatically with a growth of 55% over the first quarter of 2003.
"We're seeing an upturn in worldwide electronics manufacturing that is driving higher capital equipment purchasing," said Pierre de Villemejane, president, Speedline Technologies. "Europe and the Americas are recovering and Asia continues to grow."
De Villemejane said most traditional sectors of the electronics industry are participating in the recovery, including mobile phones, consumer electronics, and computers. "Manufacturers are replacing obsolete equipment as well as expanding their facilities," he said. However, Speedline is also witnessing a significant surge in special niche applications and new processes."
Speedline experienced rebounding sales across its entire portfolio, including CAMALOT® dispensers, ELECTROVERT® reflow, wave, and cleaning products, and MPM® printers. These sales increases are coming from our customer base, market share gains, and new market penetration," said de Villemejane. In particular, the trend toward lead-free printed circuit board processing is boosting sales of our wave soldering and reflow oven products."
The recent sales growth also is directly attributable to Speedlines success in defining and developing new challenging applications and processes with a number of key customers. These achievements include new advances in underfill and medical dispensing, fine-feature printing with traditional and lead-free pastes, and the most efficient manufacturing configurations for lead-free wave soldering and reflow, fuel cell manufacturing, and glue printing.
The company expects 2004 will be a year of recovery and strong business performance. Were managing our business and capacity to leverage the upturn," he said. We continue to invest in our leading process capabilities by expanding the expertise and knowledge base throughout the organization, from Advanced Development and R&D to Applications Engineering and Field Service."
About Speedline Technologies
Speedline Technologies is the global leader in process knowledge and expertise to the PCB assembly and semiconductor industries. Based in Franklin, Massachusetts, the company sells five, best-in-class brands -- ACCEL microelectronics cleaning, CAMALOT dispensing systems, ELECTROVERT wave soldering, reflow soldering, and cleaning equipment, MPM stencil and screen printing systems, and PROTECT global services, support, and training solutions. For more information, visit us at www.speedlinetech.com.
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