Speedline Technologies Reports Highest Bookings Since 2000; Backlog Up 68% Over Previous Quarter -- New Product Introductions and Process Expertise Support Surge
Speedline Technologies, Inc., today reported that its bookings during the second quarter of 2005 rose 44% over the first quarter and in July reached their highest level since 2000. At the end of July, the backlog had climbed 68% versus the end of the first quarter.
FRANKLIN, MA (PRWEB) August 24, 2005 -- Speedline Technologies, Inc., today reported that its bookings during the second quarter of 2005 rose 44% over the first quarter and in July reached their highest level since 2000. At the end of July, the backlog had climbed 68% versus the end of the first quarter.
Weve witnessed a major upturn in business since April as large customers increased capital equipment spending to respond to growth in the consumer electronics and automotive industries," said Pierre de Villemejane, president and chief executive officer (CEO), Speedline Technologies. The market has enthusiastically responded to the introductions of our new MPM AccelaTM printer and Camalot XyflexPro® + dispenser with strong order rates."
In addition, de Villemejane said the trend toward lead-free manufacturing drove healthy global demand for new capital equipment. Our process expertise in lead-free technology helped support higher bookings for our wave soldering and reflow oven products," he said.
On a geographic basis, Speedlines CEO said European bookings surged at the end of the second quarter, after a slow first half. Hungary, Turkey, and Russia remain bright spots as investment continues in those countries electronics manufacturing sectors. Germany also showed continuing strength.
The Americas have been strong since the first quarter, with Brazil making a major rebound and Mexico improving," he said. Asia was sluggish in the first quarter, but bookings were strong throughout the second quarter with China leading the way."
Speedlines CEO credited the markets strong acceptance of the Accela printer and XyflexPro+ dispenser to the companys leadership in process and applications knowledge.
The Accela printer already has been accepted on Approved Vendor Lists at many worldwide OEMs and contract manufacturers," de Villemejane said. We shipped the first Accela systems in the second quarter and are booking new orders at significant levels. Were also seeing brisk initial order rates for the XyflexPro+ dispenser. These two products will have a substantial impact on results through the remainder of the year," he said.
De Villemejane reported that Electrovert wave soldering sales were bolstered by winning major competitive evaluations. We secured preferred supplier status for these products at many of the top global electronic manufacturing services (EMS) providers," he said.
The company said sales also were strengthened by the results of a marketing agreement with Tamura FA that introduced Speedlines popular AccuFlexTM printer into the Japanese market.
Speedlines CEO predicted Speedlines strong performance will continue through the end of the year. We will see seasonal strength in the third quarter when bookings tend to peak," he said. But with the lead-free manufacturing trend expanding, and our exciting stream of new products entering the market, we anticipate robust performance through the end of the year."
About Speedline Technologies
Speedline Technologies is the global leader in process knowledge and expertise for the PCB assembly and SEMICONductor industries. Based in Franklin, Massachusetts, U.S.A., the company markets five best-in-class brands - Accel microelectronics cleaning equipment; 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. Speedline Technologies is Frost & Sullivans 2005 Surface Mount Technology Company of the Year." For more information, visit: http://www.speedlinetech.com or contact Speedline at:
| | - Asia: Speedline Technologies Asia Pte Ltd, 150 Kampong Ampat, #05-08 KA Centre, Singapore 368324, Tel: 65-6286-6635, Fax: 65-6289-9411, E-mail: asiamarketing@speedlinetech.com.
- USA: Speedline Technologies, 16 Forge Park, Franklin, MA 02038 USA, Tel: 1-508-520-0083, Fax: 1-508-520-2288, E-mail: info@speedlinetech.com;
- Europe: Speedline Technologies GmbH, Im Gefierth 14, 63303 Dreieich, Germany, Tel: +49 (0)6103/832-0, Fax: +49(0)6103/832-299, E-mail: info.europe@speedlinetech.com;
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