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.
“We’ve 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, Speedline’s 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.”
Speedline’s
CEO credited the market’s strong acceptance of the Accela printer and XyflexPro+
dispenser to the company’s 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. We’re 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 Speedline’s
popular AccuFlexTM printer into the Japanese market.
Speedline’s CEO
predicted Speedline’s 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 & Sullivan’s “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: e-mail protected
from spam bots.
• USA: Speedline Technologies, 16 Forge Park, Franklin, MA
02038 USA, Tel: 1-508-520-0083, Fax: 1-508-520-2288, E-mail: e-mail protected
from spam bots;
• Europe: Speedline Technologies GmbH, Im Gefierth 14, 63303
Dreieich, Germany, Tel: +49 (0)6103/832-0, Fax: +49(0)6103/832-299, E-mail:
e-mail protected from spam bots;
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Source : http://www.prweb.com/releases/2005/8/prweb273878.htm