SMT, PCB Electronics Industry News

SMT, PCB Electronics Industry News


Sono-Tek Announces Second Quarter Results

Oct 20, 2008

(October 20, 2008-Milton, NY) Sono-Tek Corporation (OTC BB: SOTK) today announced that for the six months ending August 31, 2008, the Company's sales increased 22%. Dr. Christopher L. Coccio, Chairman and CEO, attributed the increase to the new business development program, and noted that the sales increase was based on products such as the Exactacoat and Flexicoat, which serve the new solar and fuel cell markets, WideTrack systems for new glass customers and our first textile finishing system, and the new line of SonoDry ultrasonic spray dryers for the pharmaceutical and nanotechnology industries. He also noted that we have our first food industry orders which will ship in October 2008 for customer trials, and while they are not part of second quarter sales, it is very encouraging news for this business segment.

According to Dr. Coccio, �We have spent the last year building technical infrastructure and intellectual property, improving laboratory and other facilities and ramping up trade show presence and our sales organization. This has all been part of a very aggressive program to take the Company to new levels, and we will continue it in spite of the difficulties facing the economy. Nonetheless, we will be looking at each part of the program for costs and results, deferring some items to preserve cash until economic conditions improve. We will continue to be on the offensive for new opportunities, but at the same time, manage program spending during the current period of uncertainty in the economy.�

Recent developments included two awards for the Company. The first was the SMTA Award for best new product, given for the SonoFlux 2000FP 660, a new programmable fluxing machine that is capable of handling printed circuit boards up to 24 inches in width, and which can be automatically switched to other size boards during operations. The second award was the selection of Dr. Coccio for one of the �Best CEO� awards for 2008, based on the Company's financial performance over the past five years. This award was given by Demarche Associates and was awarded to approximately 200 firms out of the 8,000 large and small companies in the S & P Compustat database.

For further information, contact Dr. Christopher L. Coccio, at 845-795-2020, or visit our website at

Sono-Tek Corporation is a leading developer and manufacturer of liquid spray products based on its proprietary ultrasonic nozzle technology. Founded in 1975, the Company's products have long been recognized for their performance, quality, and reliability.

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