Chicago, Illinois (PRWEB) June 1, 2010
SmalTec International (“SmalTec”), a leading micromachining equipment manufacturer, today upgraded its 2010 outlook based on a healthy upswing from Q1 sales revenue.
“2009 is over and it’s time to get back to work. After a strong first quarter we’re optimistic and look forward to the balance of 2010”, remarked Jerry Mraz, CEO of SmalTec, “Current sales revenues are surpassing the second best year for SmalTec.”
Nano and micro manufacturing markets are getting back to business and SmalTec is feeling the demand for their cutting edge 3D micro technology and electrical discharge machining (EDM) equipment. Starting in January 2010, SmalTec felt a dramatic shift in economic outlooks because of new customer budgets and an increase in R&D projects that have fueled new business.
“We remain cautious about this sudden increase in business. We are keeping a watchful eye to ensure that this is a true recovery and not just a spike after a prolonged drought”, states Mraz.
The economic upswing is being played out in many industries that SmalTec successfully targets. As an example, 40% of SmalTec's recent sales opportunities have come from the Medical Device Manufacturing industry’s strong push for nano and microtechnology applications. The Communications and Automotive are other hotspot industries where SmalTec is feeling the focus towards new product development processes. Jerry also highlights that a majority of their new business is coming from new micro manufacturing initiatives and university research such as next generation super-efficient fuel injectors, ultrahigh dpi inkjet printers, miniature satellites, micro-medical, dental devices and alternative fuel cells. Because of the exponential growth in accelerating these high-tech concepts into mass production, SmalTec also provides world-class micro prototyping and engineering services.
Mraz adds, “In addition to new equipment sales, prototyping and engineering services are a renewed source of revenue growth for SmalTec and it’s one of the main reasons why we’re looking forward to Q3.”
To learn more about micro EDM technology advancements, view the SmalTec presentation on SlideShare:
For more information, follow us on Facebook and Twitter, call Jerry Mraz at 630-364-1788 or visit http://www.SmalTec.com.
About SmalTec International
The Future Starts Here… SmalTec International is paving the way to the future of micro manufacturing by offering cutting edge 3D micro technology and electrical discharge machining (EDM) equipment. A privately-held company since 2002, SmalTec micromachining equipment can be found in a wide range of industrial and academic applications for the medical, aerospace, communications, automotive, optics and other innovative industries. To learn more, visit http://www.SmalTec.com.