Speedline Technologies reports highest bookings since 2000
Aug 25, 2005
Speedline Technologies, Inc., has 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 introduction 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.
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 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.