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wheelsgoroundincircles · 11 months

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Rockwell XFV-12A

by Alex Stoll

Around 1970 the Navy could not see how it was going to be able to replace its old Essex and Midway carriers with Nimitz-class supercarriers. Admiral Elmo Zumwalt directed a study of alternatives which resulted in the Sea Control Ship (SCS), a mini-carrier equipped with V/STOL fighters and ASW aircraft. The USN invited manufactures to propose demonstration programs for a new aircraft, called the V/STOL Fighter Technology Prototype, to replace the outdated Harrier and serve on the SCS or other ships much smaller than conventional carriers: BAe and MD proposed an improved Harrier and a supersonic Harrier with a PCB (Plenum-Chamber Burning) engine; Boeing and Northrop proposed jet-powered tail-sitters; Lockheed-California proposed a propeller-driven tail-sitter; and Rockwell proposed a canard-delta aircraft powered by a large and enormously powerful engine that used the ejector-lift system for V/STOL. The Navy awarded the contract to Rockwell in 1972, instead of choosing designs based on proved technology, and the XFV-12A designation (twelth in the V series, not in the F series; the F-12 was the interceptor verison of the Blackbird) was allotted. Even though the forward fuselage and landing gear of the A-4 and the wing box, air intakes, and fuel tanks of the F-4 were used to speed the program up, it still ran far behind schedule. The prototype was rolled out in December 1976 and the first flight was scheduled for 1979.

Engine Configuration For takeoff and landing, the entire engine was ducted to hollow-section "ejector flaps" (also called augmentor flaps) out along the wings and the canard by pilot command via a diverter valve box. The high-energy hot gas forced fresh air from above through the ejector flaps at a ratio of 7.5:1 to boost thrust by 70 percent. The ejector flaps could be raised or lowered to provide a smooth transition from vertical to horizontal flight or vice versa. After the XFV-12A's cancellation, de Havilland Canada designed an aircraft with ejectors build into the roots of a delta wing. GD incorporated their concept into the E-7, a F-16-based delta-winged STOVL aircraft. DHC built a large powered model and tested it in 1987. The EL system was large and control was difficult as a result of the large air mass moving through the wing root during transition, and nothing came of it (though not because the EL couldn't produce enough thrust as in the XFV-12A's case) despite the attractive low exhaust velocity.

Cancellation Rockwell and Pratt & Whitney experienced several major technical problems, and the thrust boost from the ejector flap system was never as large in the full-scale aircraft as predicted from data collected by test rigs and sub-scale models; the XFV-12A could not leave the ground. Eventually funding dried up, the SCS was canceled, and the program proved a disappointment; however, in most future ASTOVL programs, large-scale powered models were used because of the experience gained in the XFV-12A program.

#Rockwell XFV-12A #Rockwell #Pratt & Whitney #V/STOL fighters #V/STOL #jet fighters #fighters

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electronalytics · 10 days

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Aluminum Printed Circuit Boards Market Trends, Regional Segmented, Outlook & Forecast till 2033

The competitive analysis of the Aluminum Printed Circuit Boards Market offers a comprehensive examination of key market players. It encompasses detailed company profiles, insights into revenue distribution, innovations within their product portfolios, regional market presence, strategic development plans, pricing strategies, identified target markets, and immediate future initiatives of industry leaders. This section serves as a valuable resource for readers to understand the driving forces behind competition and what strategies can set them apart in capturing new target markets.

Market projections and forecasts are underpinned by extensive primary research, further validated through precise secondary research specific to the Aluminum Printed Circuit Boards Market. Our research analysts have dedicated substantial time and effort to curate essential industry insights from key industry participants, including Original Equipment Manufacturers (OEMs), top-tier suppliers, distributors, and relevant government entities.

Receive the FREE Sample Report of Aluminum Printed Circuit Boards Market Research Insights @ https://stringentdatalytics.com/sample-request/aluminum-printed-circuit-boards-market/10245/

Market Segmentations:

Global Aluminum Printed Circuit Boards Market: By Company • Zhen Ding Tech. Group • Unimicron • DSBJ • Nippon Mektron • Compeq • Tripod • TTM • SCC • Ibiden • Hannstar Board Global Aluminum Printed Circuit Boards Market: By Type • Universal Aluminum PCB • High Thermal-Conductive PCB • High-Frequency PCB Global Aluminum Printed Circuit Boards Market: By Application • Lighting Components • Audio Equipment • Computer Components • Power Supply and Switches • Others

Regional Analysis of Global Aluminum Printed Circuit Boards Market

All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Aluminum Printed Circuit Boards market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Click to Purchase Aluminum Printed Circuit Boards Market Research Report @ https://stringentdatalytics.com/purchase/aluminum-printed-circuit-boards-market/10245/

Key Report Highlights:

Key Market Participants: The report delves into the major stakeholders in the market, encompassing market players, suppliers of raw materials and equipment, end-users, traders, distributors, and more.

Comprehensive Company Profiles: Detailed company profiles are provided, offering insights into various aspects including production capacity, pricing, revenue, costs, gross margin, sales volume, sales revenue, consumption patterns, growth rates, import-export dynamics, supply chains, future strategic plans, and technological advancements. This comprehensive analysis draws from a dataset spanning 12 years and includes forecasts.

Market Growth Drivers: The report extensively examines the factors contributing to market growth, with a specific focus on elucidating the diverse categories of end-users within the market.

Data Segmentation: The data and information are presented in a structured manner, allowing for easy access by market player, geographical region, product type, application, and more. Furthermore, the report can be tailored to accommodate specific research requirements.

SWOT Analysis: A SWOT analysis of the market is included, offering an insightful evaluation of its Strengths, Weaknesses, Opportunities, and Threats.

Expert Insights: Concluding the report, it features insights and opinions from industry experts, providing valuable perspectives on the market landscape.

Report includes Competitor's Landscape:

➊ Major trends and growth projections by region and country ➋ Key winning strategies followed by the competitors ➌ Who are the key competitors in this industry? ➍ What shall be the potential of this industry over the forecast tenure? ➎ What are the factors propelling the demand for the Aluminum Printed Circuit Boards? ➏ What are the opportunities that shall aid in significant proliferation of the market growth? ➐ What are the regional and country wise regulations that shall either hamper or boost the demand for Aluminum Printed Circuit Boards? ➑ How has the covid-19 impacted the growth of the market? ➒ Has the supply chain disruption caused changes in the entire value chain? Customization of the Report:

This report can be customized to meet the client’s requirements. Please connect with our sales team ([email protected]), who will ensure that you get a report that suits your needs. You can also get in touch with our executives on +1 346 666 6655 to share your research requirements.

About Stringent Datalytics

Stringent Datalytics offers both custom and syndicated market research reports. Custom market research reports are tailored to a specific client's needs and requirements. These reports provide unique insights into a particular industry or market segment and can help businesses make informed decisions about their strategies and operations.

Syndicated market research reports, on the other hand, are pre-existing reports that are available for purchase by multiple clients. These reports are often produced on a regular basis, such as annually or quarterly, and cover a broad range of industries and market segments. Syndicated reports provide clients with insights into industry trends, market sizes, and competitive landscapes. By offering both custom and syndicated reports, Stringent Datalytics can provide clients with a range of market research solutions that can be customized to their specific needs.

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espcbtest · 22 days

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In the fast-paced world of electronics manufacturing, PCB (Printed Circuit Board) test fixtures play a critical role in ensuring the reliability and performance of electronic products. Montreal and Toronto, two major cities in Canada,

#Your Top Choice For PCB Test Fixtures In Montreal And Toronto

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market-insider · 2 months

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Copper Foil Market - From Supply Chain Resilience to Technological Advancements

The global copper foil market size is anticipated to reach USD 22.00 billion by 2030 and is anticipated to expand at a CAGR of 11.9% during the forecast period, according to a new report by Grand View Research, Inc. Increasing adoption of renewable energy sources and electric vehicles (EVs), as a part of decarbonization efforts, is projected to fuel the growth of global market for copper foil. Copper foil functions as the electrical conductor of printed circuit board (PCB). Rising demand for PCBs, due to the aforementioned application of copper foil in them, is likely to play a crucial role in influencing demand for copper foil. PCBs are essential building blocks in electronics manufacturing. As electronic devices become more complex and intelligent, there is an ever-growing demand for PCBs. As a result, rising demand for smart devices is likely to propel growth of the industry.

Copper Foil Market Report Highlights

Based on product, rolled foil held a maximum revenue share of over 55.0% in 2023 and is expected to grow at a significant CAGR over the forecast period due to its high consumption in batteries, solar panels, and IoT-enabled services, among others

Based on application, batteries segment is expected to grow at a lucrative pace over the forecast period owing to the growing EV industry

In solar & alternative energy, tin-plated copper foils in combination with acrylic-based pressure-sensitive adhesive tapes, are used in thin-film solar applications. These are solderable, and their usage provides stable electrical performance and is also easy to work with during the solar panel production process

Asia Pacific dominated the market owing to several countries in region focusing on reducing their carbon emissions by shifting their attention toward the adoption of renewable energy. For instance, according to the International Trade Administration, Taiwan plans to cater to 20% of its energy requirements from renewable sources by 2025. It is expected to harness 20 GW of solar energy by 2025

In January 2024, Hungary-based Volta Energy Solutions announced its geographic expansion into North American market by building a new battery copper foils plant in Quebec, Canada to cater to a fast-growing EV segment. It is a developer of world's first electrodeposited copper foils for batteries

For More Details or Sample Copy please visit link @: Copper Foil Market Report

Use of copper results in reduced carbon emissions and cuts down amount of energy required to generate electricity. There is six times more copper in renewable energy systems than in traditional systems. Hence, growing adoption and transition towards green energy in infrastructure development, such as electric vehicles (EVs) and electricity generation is anticipated to benefit market growth. According to the IEA, the global sales of EVs reached 10.3 million units in 2022 compared to 6.7 million units in 2021 and 3.2 million units in 2020. Global sales are expected to have touched 14.1 million units in 2023; however, actual statistics are yet to be published.

Copper is a commodity that has historically witnessed high price volatility during the historic period of 2018-2022. Fluctuations in prices of copper cathode are expected to have a bearing on the profitability of the producer. Further, hikes in energy prices, supply constraints, and high demand from end-use industries are expected to put pricing pressure on the global market and affect smelter profitability and revenue performances of foil producers over the forecast period. Hence, price volatility of copper is expected to be a significant restraint to the revenue performance of the market.

The market is very competitive, with a strong presence of several large-sized players, such as Nippon Denkai, Ltd., SKC, and Lotte Energy Materials Corporation. Due to growth of end-use applications, players have been investing in increasing their capacities through greenfield projects. For instance, in August 2023, Lotte Energy Materials Corporation announced that it would build a new foil plant in Spain and would be operational in 2025.

#CopperFoilMarket #Electronics #ConductiveMaterials #Manufacturing #Technology #RenewableEnergy #ElectricVehicles #Semiconductors #SupplyChain #Sustainability

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pmi-report111 · 2 months

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Unlocking Opportunities in the Global Ultrasonic PCB Board Cleaner Market Market by 2031

“Unpacking Ultrasonic PCB Board Cleaner Market Market Share Dynamics: Insights from 2024 and Projections for 2032”

Global “Ultrasonic PCB Board Cleaner Market Market” report offers a comprehensive analysis of market capacity, market share, ongoing trends, and forthcoming predictions. Its objective is to provide an in-depth examination of the global Ultrasonic PCB Board Cleaner Market market segmented by product type, applications, and regions. The report delves into detailed analysis of Ultrasonic PCB Board Cleaner Market, encompassing market size, share, growth, and demand forecasts. It also incorporates research methodology, value chain analysis, and industry insights regarding the power of suppliers and consumers. Additionally, the report highlights emerging technologies within the Ultrasonic PCB Board Cleaner Market industry that will benefit our clients.

Get a Sample Copy of the Report at - https://www.marketresearchguru.com/enquiry/request-sample/1718

The Following Manufacturers Covered in the Ultrasonic PCB Board Cleaner Market Market Report:

ICT (U.K.)

Leela Electronics (India)

IDC Technologies (U.S.)

Ultrasonic Power Corporation (U.S.)

Elma (Switzerland)

Market split by Type, can be divided into:

Portable

Benchtop

Market split by Application, can be divided into:

Medical Industry

Aerospace

Military

Others

Regional Analysis:

North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

South America (Brazil etc.)

Middle East and Africa (Egypt and GCC Countries)

Inquire or Share Your Questions If Any Before the Purchasing This Report - https://www.marketresearchguru.com/enquiry/pre-order-enquiry/1718

The objective of this Ultrasonic PCB Board Cleaner Market market research report is: –

To provide actionable intelligence alongside the Ultrasonic PCB Board Cleaner Market market size of various segments.

To detail major factors influencing the Ultrasonic PCB Board Cleaner Market market (drivers, opportunities, industry-specific challenges, and other critical issues).

To determine the geographic breakdown of the Ultrasonic PCB Board Cleaner Market market in terms of detailed analysis and impact.

To analyze business dimensions with an eye on individual growth trends and contribution of upcoming Ultrasonic PCB Board Cleaner Market market segments.

To track the competitive landscape of the market.

Key Questions Covered in Ultrasonic PCB Board Cleaner Market Market Report:

What will be the Ultrasonic PCB Board Cleaner Market market growth rate and value in 2031?

What are the Ultrasonic PCB Board Cleaner Market market trends during the forecast period?

Who are the Major players in the keyword Industry?

What is driving and Restraining this sector?

What are the conditions to market growth?

What are the opportunities in this industry and segment risks faced by the main vendors?

What are the forces and weaknesses of the main vendors?

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businessindustry · 2 months

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Automated Optical Inspection System Market News 2032

The Reports and Insights, a leading market research company, has recently releases report titled “Automated Optical Inspection System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Automated Optical Inspection System Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the Automated Optical Inspection System Market?

The global automated optical inspection system market size reached US$ 956.7 million in 2023. Looking forward, Reports and Insights expects the market to reach US$ 4,275.9 million in 2032, exhibiting a growth rate (CAGR) of 18.1% during 2024-2032.

What are Automated Optical Inspection System?

An Automated Optical Inspection (AOI) System is a technology employed in manufacturing to examine printed circuit boards (PCBs) and other electronic elements for defects or quality problems. This system utilizes cameras and lighting to capture detailed images of the PCB, which are subsequently analyzed by specialized software to identify issues like missing components, misaligned parts, or soldering defects. By swiftly detecting and addressing these problems, AOI systems enhance production efficiency and ensure the quality of electronic devices.

Request for a sample copy with detail analysis: https://www.reportsandinsights.com/sample-request/2039

What are the growth prospects and trends in the Automated Optical Inspection System industry?

The automated optical inspection (AOI) market growth is driven by various factors. The automated optical inspection (AOI) systems market is on the rise, driven by increasing requirements for top-notch electronic components across industries like electronics manufacturing and automotive. These systems are pivotal in guaranteeing the quality and dependability of printed circuit boards (PCBs) by spotting defects such as soldering problems, absent components, and misalignments. Market expansion is also steered by technological progress in AOI systems, resulting in enhanced inspection precision and effectiveness. Furthermore, stringent quality criteria and regulations in diverse industries are boosting the uptake of AOI systems for quality assurance needs. Hence, all these factors contribute to automated optical inspection (AOI) market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

By Type

2D AOI Systems

3D AOI Systems

By Component

Software

System

By Technology

Inline AOI

Offline AOI

By Application

Fabrication Phase

Assembly Phase

By End User

Automotive

Aerospace Defense

Others

By Region

North America

United States

Canada

Europe

Germany

United Kingdom

France

Italy

Spain

Russia

Poland

Benelux

Nordic

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

ASEAN

Australia New Zealand

Rest of Asia Pacific

Latin America

Brazil

Mexico

Argentina

Middle East & Africa

Saudi Arabia

South Africa

United Arab Emirates

Israel

Rest of MEA

Who are the key players operating in the industry?

The report covers the major market players including:

Koh Young Technology

Omron

Viscom

Saki Corporation

Nordson

Kla

Camtek

Cyberoptics

Goepel Electronic

Irtec

Marantz Electronics

Machine Vision Products

Mycronic Ab (Vi Technology)

Dcb Automation

Pemtron

View Full Report: https://www.reportsandinsights.com/report/Automated Optical Inspection System-market

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us:

Reports and Insights consistently mееt international benchmarks in the market research industry and maintain a kееn focus on providing only the highest quality of reports and analysis outlooks across markets, industries, domains, sectors, and verticals. We have bееn catering to varying market nееds and do not compromise on quality and research efforts in our objective to deliver only the very best to our clients globally.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Reports and Insights Business Research Pvt. Ltd. 1820 Avenue M, Brooklyn, NY, 11230, United States Contact No: +1-(347)-748-1518 Email: [email protected] Website: https://www.reportsandinsights.com/ Follow us on LinkedIn: https://www.linkedin.com/company/report-and-insights/ Follow us on twitter: https://twitter.com/ReportsandInsi1

#Automated Optical Inspection System Market share #Automated Optical Inspection System Market size #Automated Optical Inspection System Market trends

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microartservice · 2 months

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In the vibrant tech ecosystem of Boston, where innovation thrives and breakthroughs are a daily occurrence, the need for rapid prototyping and agile manufacturing solutions is paramount. Quick Turn PCB Boston and Quick Turn PCB Assembly,

#Quick Turn PCB Services: Empowering Innovation in Boston's Tech Hub

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elenpeter · 3 months

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Inline Automated X-ray Inspection Market 2024 Size, Share and Growth by 2031

Global “Inline Automated X-ray Inspection Market” Report shows in depth analysis of global market size, share, regional and country-level analysis market segmentation, growth, share, competitive landscape, sales analysis. It is most comprehensive and important additions to industry that provides detailed research and analysis of key aspects of the global Inline Automated X-ray Inspection market. It provides information on the key growth drivers, constraints, challenges, trends and opportunities of market.

Get a Sample Copy of the Report at - https://www.proficientmarketinsights.com/enquiry/request-sample/1528

The global Inline Automated X-ray Inspection Market size was USD 350.4 million in 2024 and the market is projected to touch USD 512.1 million by 2031, exhibiting a CAGR of 5.5% during the forecast period.

The Following Manufacturers Covered in the Inline Automated X-ray Inspection Market Report:

Viscom AG (Germany)

Omron (Japan)

ViTrox (Singapore)

Test Research, Inc(TRI) (U.S.)

Unicomp Technology (Taiwan)

Nordson (U.S.)

SAKI Corporation (Japan)

Market split by Type, can be divided into:

2D AXI

3D AXI

Market split by Application, can be divided into:

FPD

PCB

Semiconductor (ex.PCB)

Others

Regional Analysis:

North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

South America (Brazil etc.)

Middle East and Africa (Egypt and GCC Countries)

Inquire or Share Your Questions If Any Before the Purchasing This Report - https://www.proficientmarketinsights.com/enquiry/pre-order-enquiry/1528

The Study Objectives of Inline Automated X-ray Inspection Market are:

To analyze and research the global Inline Automated X-ray Inspection capacity, production, value, consumption, status and forecast;

To focus on the key Inline Automated X-ray Inspection manufacturers and study the capacity, production, value, market share and development plans in next few years.

To focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.

To define, describe and forecast the market by type, application and region.

To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.

To identify significant trends and factors driving or inhibiting the market growth.

To analyze the opportunities in the market for stakeholders by identifying the high growth segments.

To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.

To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

To strategically profile the key players and comprehensively analyze their growth strategies.

Key Questions Covered in Inline Automated X-ray Inspection Market Report:

What will be the Inline Automated X-ray Inspection market growth rate and value in 2031?

What are the Inline Automated X-ray Inspection market trends during the forecast period?

Who are the Major players in the keyword Industry?

What is driving and Restraining this sector?

What are the conditions to market growth?

What are the opportunities in this industry and segment risks faced by the main vendors?

What are the forces and weaknesses of the main vendors?

Purchase this Report (Price 2900 USD for a Single-User License) - https://proficientmarketinsights.com/purchase/1528

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tonyqin · 4 months

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electronalytics · 10 days

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Visualize Laser Viewing Card Market Trends, Regional Segmented, Outlook & Forecast till 2033

The competitive analysis of the Visualize Laser Viewing Card Market offers a comprehensive examination of key market players. It encompasses detailed company profiles, insights into revenue distribution, innovations within their product portfolios, regional market presence, strategic development plans, pricing strategies, identified target markets, and immediate future initiatives of industry leaders. This section serves as a valuable resource for readers to understand the driving forces behind competition and what strategies can set them apart in capturing new target markets.

Market projections and forecasts are underpinned by extensive primary research, further validated through precise secondary research specific to the Visualize Laser Viewing Card Market. Our research analysts have dedicated substantial time and effort to curate essential industry insights from key industry participants, including Original Equipment Manufacturers (OEMs), top-tier suppliers, distributors, and relevant government entities.

Receive the FREE Sample Report of Visualize Laser Viewing Card Market Research Insights @ https://stringentdatalytics.com/sample-request/visualize-laser-viewing-card-market/10263/

Market Segmentations:

Global Visualize Laser Viewing Card Market: By Company • Neways Electronics International NV • Remeha • RayMing PCB & Assembly • Vanderlande • TKH Group NV • Lumileds • Signify • NXP Semiconductors • Philips • ASM Global Visualize Laser Viewing Card Market: By Type • 400 – 640nm • 800 – 1700nm Global Visualize Laser Viewing Card Market: By Application • Vision • Photonic Devices • Others

Regional Analysis of Global Visualize Laser Viewing Card Market

All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Visualize Laser Viewing Card market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Click to Purchase Visualize Laser Viewing Card Market Research Report @ https://stringentdatalytics.com/purchase/visualize-laser-viewing-card-market/10263/

Key Report Highlights:

Market Growth Drivers: The report extensively examines the factors contributing to market growth, with a specific focus on elucidating the diverse categories of end-users within the market.

SWOT Analysis: A SWOT analysis of the market is included, offering an insightful evaluation of its Strengths, Weaknesses, Opportunities, and Threats.

Expert Insights: Concluding the report, it features insights and opinions from industry experts, providing valuable perspectives on the market landscape.

Report includes Competitor's Landscape:

�� Major trends and growth projections by region and country ➋ Key winning strategies followed by the competitors ➌ Who are the key competitors in this industry? ➍ What shall be the potential of this industry over the forecast tenure? ➎ What are the factors propelling the demand for the Visualize Laser Viewing Card? ➏ What are the opportunities that shall aid in significant proliferation of the market growth? ➐ What are the regional and country wise regulations that shall either hamper or boost the demand for Visualize Laser Viewing Card? ➑ How has the covid-19 impacted the growth of the market? ➒ Has the supply chain disruption caused changes in the entire value chain? Customization of the Report:

About Stringent Datalytics

Reach US

Stringent Datalytics

[email protected]

+1 346 666 6655

Social Channels:

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prismmediawire · 5 months

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Sono-Tek Reports 59% Increase in Q3 Fiscal 2024 Net Sales to Record $5.7 Million and Provides Sales Guidance for Fiscal Year 2024

Q3 Backlog Increased 96% YOY and Remains Strong at Near Record $10.4 Million

Projects ~30% Revenue Growth for Fiscal Year 2024, ending February 29, 2024

MILTON, NY, January 16, 2024 – Sono-Tek Corporation (NASDAQ: SOTK), the leading developer and manufacturer of ultrasonic coating systems, today reported financial results for the third quarter and first nine months of fiscal year 2024, ended November 30, 2023.

Third Quarter Fiscal 2024 Highlights (compared with the third quarter of fiscal 2023 unless otherwise noted). The three-month periods ended November 30, 2023 and 2022 are referred to as the third quarter of fiscal 2024 and fiscal 2023, respectively.

“Sono-Tek reported its strongest quarter ever for the third quarter of FY2024 ended November 30th,” said Dr. Christopher L. Coccio, Executive Chairman. “Significant improvements in our supply chain enabled us to ship both new orders and from backlog, resulting in record net sales of $5.7 million, an increase of 59% compared to net sales of $3.6 million in the comparable period last year. Sales growth was again driven by strong shipments to the alternative/clean energy and medical markets.

“Operating Income increased over 6-fold to $721,000 due to the large increase in sales and gross profit, offset by increases in operating expenses, which reflects continued investment in revenue-related activities, especially R&D and sales and marketing. Net Income increased nearly 6-fold as well.

“Backlog remained high despite the record sales and nearly doubled from a year ago to $10.4 million. This is the second highest reported backlog in our history - the second quarter of this year was the highest - and it reflects the increasing order activity from the clean energy sector in particular, as well as continuing strength in our other business segments.

“We recently increased our projections for the full fiscal year ending February 29, 2024, and now expect net sales to grow approximately 30% over last fiscal year. This will be a record high for the Company and is the result of increasing shipments from our strong backlog and orders from new and repeat customers. We look forward to closing out a record year and entering the new fiscal year with a strong foundation and continued momentum,” concluded Dr. Coccio.

Third Quarter Fiscal 2024 Sales Overview

Net sales increased 59% to $5,690,000 compared to $3,586,000 in the third quarter of fiscal 2023. The increase was primarily driven by increased demand for Multi-Axis Coating systems which grew 98% in the third quarter, and are commonly used in the clean energy and medical device markets. Integrated Coating System sales accelerated by 635% due to continued success from Sono-Tek’s newly developed float glass coating platform as well as a newly completed custom built system for an important strategic customer in the solar market. PCB Fluxing sales dipped by 75% for the third quarter compared to especially strong sales in the third quarter of fiscal 2023. Management believes that the PCB spray fluxer market has slowed and returned to historical revenue norms, although quoting activity remains strong.

Sales to the Alternative/Clean Energy market grew 189% to $2,083,000, positively impacted by a growing number of Sono-Tek’s customers transitioning from our R&D systems to production scale systems that carry much higher average selling prices. Sono-Tek platforms are used in the manufacturing of critical membranes for carbon capture, green hydrogen generation and fuel cell applications. Medical sales recorded 53% growth in large part due to the shipment of two custom implantable device coating machines to a repeat customer, with further orders projected from the same customer in fiscal 2025.

Approximately 60% of sales were to the U.S. and Canada compared to 44% in the comparable period of fiscal 2023. Sales to the U.S. and Canada increased by 116% impacted by the continuing trend to onshoring in addition to several U.S. government initiatives that are investing in the clean energy sector and advanced research markets. Asia Pacific (APAC) sales decreased by 18% primarily due to decreased sales to China. Sales to Europe, Middle East, Asia (EMEA) increased by 102% primarily due to a strong quarter for shipments in Germany to the clean energy sector.

Backlog on November 30, 2023 was $10,439,000, a 96% year-over-year increase and an increase of 22% compared with backlog of $8.5 million on February 28, 2023 (the end of fiscal year 2023). Quarter-end backlog also nearly matched the record high of $10,707,000 for the second quarter of fiscal year 2024, ended August 31, 2023. The increase in backlog is primarily due to growing orders from the Alternative/Clean Energy and Medical markets.

Third Quarter FY 2024 Financial Overview

Gross profit was $2,926,000, an increase of 60%, compared with $1,824,000 for the third quarter of fiscal 2023. The gross profit margin was 51% for both periods.

Operating expenses were $2,205,000, a 28% increase from $1,721,000 in the prior year period. The increase was largely due to an approximate 14% increase in headcount, which is primarily composed of technical professionals hired to support our increasing growth and expansion for large platform custom engineered systems.

Research and product development costs increased 49% to $776,000 primarily due to increased headcount, salaries and the higher costs of research and development materials and supplies, which are directed to the Company’s ongoing focused growth initiatives.

Marketing and selling expenses increased 20% to $955,000 primarily due to increases in headcount, salaries, travel and trade show expenses, partially offset by a decrease in commission and insurance expenses.

General and Administrative expenses increased 16% to $474,000 primarily due to increased salaries and corporate expenses, partially offset by a decrease in stock-based compensation expense.

Operating income increased 600% to $721,000 compared to $103,000 in the prior year period. The current period’s increase in operating income is a result of an increase in revenue and gross profit offset by an increase in operating expenses. Operating margin for the quarter increased to 13% compared with 3% in the prior year period.

Interest income, dividend income and unrealized gain on marketable securities increased to $170,000 compared to $30,000, primarily due to the current high interest rate environment.

Net income increased 557% to $690,000, or $0.04 per share, compared with $105,000, or $0.01 per share, for the third quarter of fiscal 2023, primarily due to an increase in gross profit and interest and dividend income partially offset by an increase in operating expenses and income tax expense. Diluted weighted average shares outstanding were 15,776,972 compared to 15,773,370 for the prior year period.

First Nine Months FY 2024 Overview

Net sales increased by 31% to $14,932,000 compared to $11,401,000 for the first nine months of fiscal 2023. Gross profit increased 29% to $7,504,000 for the first nine months of fiscal 2024 compared with $5,827,000 in the first nine months of fiscal 2023. The gross profit margin was 50% compared with 51% for the prior year period.

Operating income increased 81% to $1,195,000 compared with $662,000 for the first nine months of fiscal 2023. Operating margin for the first nine months of fiscal 2024 increased to 8% compared with 6% in the first nine months of fiscal 2023.Net income increased 124% to $1,285,000, or $0.08 per share, for the first nine months of fiscal 2024 compared with $573,000, or $0.04 per share, for the first nine months of fiscal 2023. Diluted weighted average shares outstanding were 15,775,675 compared to 15,764,351 for the prior year period.

Balance Sheet and Cash Flow Overview

At November 30, 2023, cash, cash equivalents and marketable securities totaled $12.6 million, Sono-Tek had no debt on its balance sheet and stockholders’ equity was $16.1 million.

At November 30, 2023, the Company had received approximately $3.1 million in cash deposits or down-payments for orders from its customers.

Capital expenditures in the third quarter of fiscal 2024 were $327,000, which were invested in ongoing upgrades to the Company’s manufacturing facilities. Sono-Tek anticipates capital expenditures will total approximately $750,000 for fiscal year 2024.

About Sono-Tek

Sono-Tek Corporation is the leading developer and manufacturer of ultrasonic coating systems for applying precise, thin film coatings to protect, strengthen or smooth surfaces on parts and components for the microelectronics/electronics, alternative energy, medical and industrial markets, including specialized glass applications in construction and automotive.

The Company’s solutions are environmentally-friendly, efficient and highly reliable, and enable dramatic reductions in overspray, savings in raw material, water and energy usage and provide improved process repeatability, transfer efficiency, high uniformity and reduced emissions.

Sono-Tek’s growth strategy is focused on leveraging its innovative technologies, proprietary know-how, unique talent and experience, and global reach to further develop thin film coating technologies that enable better outcomes for its customers’ products and processes. For further information, visit www.sono-tek.com.

Safe Harbor Statement

This news release contains forward-looking statements regarding future events and the future performance of Sono-Tek Corporation that involve risks and uncertainties that could cause actual results to differ materially. These “forward-looking statements’ are based on currently available competitive, financial and economic data and our operating plans. They are inherently uncertain, and investors must recognize that events could turn out to be significantly different from our expectations and could cause actual results to differ materially.

These factors include, among other considerations, general economic and business conditions; political, regulatory, tax, competitive and technological developments affecting our operations or the demand for our products; inflationary and supply chain pressures; residual effects from COVID-19 pandemic; maintenance of increased order backlog and timely completion and shipment of related product; the imposition of tariffs; timely development and market acceptance of new products and continued customer validation of our coating technologies; adequacy of financing; capacity additions, the ability to enforce patents; maintenance of operating leverage; maintenance of increased order backlog; consummation of order proposals; completion of large orders on schedule and on budget; continued sales growth in the medical and alternative energy markets; successful transition from primarily selling ultrasonic nozzles and components to a more complex business providing complete machine solutions and higher value subsystems; and realization of quarterly and annual revenues within the forecasted range of sales guidance. Sono-Tek undertakes no obligation to update any forward-looking statement.

For more information, contact:

Stephen J. Bagley

Chief Financial Officer

Sono-Tek Corporation

[email protected]

Investor Relations:

Stephanie Prince

PCG Advisory

(646) 863-6341

[email protected]

Source: Sono-Tek Corporation

#press release #prism mediawire #stock market #investing #prismdigitalmedia #prismmarketview #nasdaq #sotk #Sono-Tek #metal coating #technolgy

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