FACTS global
professional services
offerings including Automation Capabilities Management (ACM),
Equipment
Automation Testing and Source Inspections, and Test
Outsourcing Services that are uniquely tailored
to the requirements of
the IC Maker and Equipment Supplier.asyst.53
per share, compared to GAAP
net income of $428,000 or $.
STI's Machine Services Division (MSD) provides safety services such
as: safeguarding equipment installations, machine safety assessments,
and the design and custom
fabrication of guarding solutions.
SCIENTIFIC TECHNOLOGIES INCORPORATED AND SUBSIDIARIES
Condensed Consolidated Income Statement
(Amounts in thousands except
per share data)
(Unaudited)
Three months Twelve months
ended ended
December 31, December 31,
2004 2003 2004 2003
------- -------
------- -------
Sales $13,549 $14,260 $58,425 $55,494
Intangibles
write down 3,479 -- 4,206 --
Cost of sales 9
,425 8,202 36,372 32,462
------- ------- ------- --
-----
Gross profit 645 6,058 17,847 23,032
Intangibles write
down 1,336 -- 2,611 --
Operating expenses 6,512
5,595 23,094 22,535
------- ------- ------- -------
Operating income (loss) (7,203) 463 (7,858) 497
Interest and other income
22 144 216 193
------- -------
------- -------
Income (loss) before taxes (7,181) 607 (7,642) 690
Provision
(benefit) for income
taxes (2,349) 231 (2,524) 262
------- ------- ------- -------
Net income (loss)
$(4,832) $ 376 $(5,118) $ 428
======= ======= =======
=======
Basic and diluted net income
(loss) per share $ (.(12) $ .
Newport
's innovative solutions leverage its expertise in high-power
semiconductor, solid-state and ultrafast
lasers, photonics instrumentation,
precision robotics and automation, sub-micron positioning systems
, vibration
isolation and optical subsystems to enhance the capabilities and productivity
of its
customers' manufacturing, engineering and research applications.
vibration cutter
The agreement
assures that industry
participants who require objective conformance
assessments will be able to confidently engage a firm
knowledgeable in
both Asyst's software products and implementations as well as the
stringent automation
guidelines established by International SEMATECH. These factors include, but
are not limited to:
Asyst's ability to provide targeted customer
benefits and product efficiencies and performance, to
integrate its
systems effectively with those of OEM customers, to deliver and
support its products
in a timely manner, and other factors more fully
detailed in Asyst's annual report on Form 10-K for
the year ended
March 27, 2004, and quarterly reports on Form 10-Q and Form 10-Q/A
filed with the
Securities and Exchange Commission. Our products serve a wide
variety of applications and markets
, including semiconductor,
automotive, electronics manufacturing, packaging and consumer markets.
Our web site is located at www.sti.
cch lrc
Semiconductor manufacturers require consistent automation
implementations
throughout the enterprise in order to deliver
operational reliability. Prior to the delivery of a
tool to the fab, a
complete validation of tool automation functionality is necessary.----Scientific
Technologies Incorporated (Nasdaq:STIZ), a leading North American
provider of automation safeguarding
products, announced today the
results of operations for the three and twelve months ended December
31, 2004.Newport Corporation to Present at Thomas Weisel Tech2005 Conference
deceleration mounting
This agreement will
help to significantly reduce the
industry price point for these services as well as allowing FACTS
to
continue to improve both the quality of our service and customer
responsiveness. For more information
, visit
http://www.facts-solutions. Sales for the year ended December 31, 2004 were $58,425,000,
a
5% increase over the $55,494,000 recorded in 2003.12 per share. Lazzara, President and Chief
Executive
Officer stated, "During the fourth quarter, we determined
that an additional portion of the intangible
assets associated with
our acquisition of the Machine Services Division were not recoverable. MSD
specializes in machinery services including the repair, relocation,
installation and service of
fabricating machinery. Pacific Time (12:10
p.lockers mounting
"We fully support the semiconductor industry's efforts
to define a
common set of benchmarks with which to gauge the effectiveness of a
specific automation
implementation, and our agreement with FACTS is
demonstrative of our commitment to meet this industry
need," said
Paula LuPriore, vice president and general manager, connectivity
solutions, for Asyst
.com
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995
Except for statements of historical fact, the statements in this
press release are forward-looking
.com
STI's Automation Products Group serves the factory automation,
semiconductor, transportation
, oil and gas, consumer and food
processing industries with a diversified offering of sensing
technologies
.04
======= ======= ======= =======
Shares used to compute
net
income (loss) per share 9,741 9,734 9,741 9,732
======= ======= ======= =======
Basis of Presentation: Pro-Forma operating
results exclude the write
down of intangible assets.
Newport is part of the Standard + Poor's
Midcap 400 Index and the Russell 2000
Index.lrc extrusions
50 per share, compared to a GAAP net profit of $376,000
, or $.
In addition, economic conditions in the semiconductor marketplace were
such that a significant
portion of the intangible assets associated
with the PSI-Tronix acquisition were also not recoverable
based on
management's assessment of expected future cash flows from the
business. 31, Dec.cutter forging
Sales
for the fourth quarter of 2004 decreased 5% to
$13,549,000, as compared to sales of $14,260,000 for
the same quarter
of 2003.)
The GAAP net loss for the fiscal year 2004 was $5,118,000, or $. Primarily
aimed at high speed vehicle separation applications in
electronic toll collection
systems, the scanner is also suited
for other ITS and industrial applications where moderate
resolution, high speed, long range, and easy installation are
needed. MSD serves
customers in a variety of industries, including metal fabrication,
aerospace, electronics, building
materials, automotive and food
processing.53) $ .04
=======
======= ======= =======
Shares used to compute net
income (loss) per share
9,741 9,734 9,741 9,732
======= ======= =======
=======
Pro-Forma Condensed Consolidated Income Statement
(Amounts
in thousands except per share data)
(Unaudited)
Three months Twelve months
ended ended
December 31, December 31,
2004 2003 2004 2003
------- ------- ------- -------
Sales $13,549 $14,260
$58,425 $55,494
Intangibles write down -- -- -- --
Cost of
sales 9,425 8,202 36,372 32,462
------- ------- ------- -------
Gross profit 4,124 6,058 22,053
23,032
Intangibles write down -- -- -- --
Operating expenses
5,912 5,595 22,494 22,535
-------
------- ------- -------
Operating income (loss) (1,788) 463 (441) 497
Interest and other income 22 144 216 193
------- ------- ------- -------
Income (loss) before taxes (1,766) 607
(225) 690
Provision (benefit) for income
taxes (578
) 231 (74) 262
------- ------- ------- ------
-
Net income (loss) $(1,188) $ 376 $ (151) $ 428
======= ======= ======= =======
Basic and diluted net income
(loss) per
share $ .
About Newport Corporation
Newport Corporation is a leading
global supplier of advanced-technology
products and systems to the semiconductor, communications
, electronics,
research and life and health sciences markets.tlc extrusions
Commenting on the results, Joseph
J.scada deceleration
This mandatory equivalence demands that all
tools in the factory be provided with a common set
of pre-defined
computer instructions, as well as a constant set of material-handling
characteristics
.
The VS6400 is a low cost, two-box scanner for high speed
measuring, detecting
, and profiling applications. STI's Optical Sensor Division (OSD) provides
safety products that are
used to protect workers around machinery,
automated equipment and industrial robots.com
Forward
-Looking Statements
Certain statements in this press release, including statements
regarding
the future growth of international sales and the opening of
a sales office in Shanghai, China, are
forward-looking statements that
are subject to risks and uncertainties.m.metalforming transducer
"This agreement with FACTS
strengthens our
position as the industry's preferred source for all 300mm factory
automation software
and hardware solutions, including our next
generation software products in support of equipment integration
,
station control, and SEMI's new Interface A and EDA standards.com
About Asyst
Asyst
Technologies, Inc.
STI introduced the VS6400 ValuScan measuring light curtain.m.unwinding lb
"Asyst
" is a registered trademark of Asyst Technologies, Inc.Scientific Technologies Inc. Reports Fourth Quarter
and Twelve Month Results
Included in the GAAP net loss for the year
ended December 31, 2004 are
intangible asset impairment charges of
$6,817,000 and the $600,000 lawsuit settlement described above
.
"Although disappointed by the fourth quarter results, we were
nevertheless encouraged by the
5% increase in sales for the full year
of 2004 over 2003, and by the continued growth in our international
business, which grew to 13% of our sales in 2004 from 12% in 2003. These risks and uncertainties
,
which could cause STI's results to differ materially from the
forward-looking statements, include:
economic and political conditions
in international markets; declining market demand for STI's products;
increased competition in the markets for STI's products; potential
errors, defects, design flaws
or other problems with STI's products;
volatility in supply and demand for STI's products which would
adversely affect sales and market prices; changes in regulations
relating to international employees
and office space; and the other
risks detailed from time to time in STI's Securities and Exchange
Commission filings and reports, including STI's annual report filed on
Form 10-K and quarterly
reports filed on Form 10-Q.workcenter sunray
"
Thomas Hogel, President of FACTS said, "Asyst's proactive support
for
independent third party automation testing demonstrates its
commitment to ensuring that their products
and services meet or exceed
industry guidelines and will give their customers a clear competitive
advantage., Newport Corporation
(Nasdaq: NEWP) today announced that it is scheduled to present
at The Thomas
Weisel Partners Tech2005 Conference to be held at the Fairmont Hotel in San
Francisco
on Wednesday, February 9, 2005, at 9:10 a.metalforming absorption
Asyst and FACTS Inc. Enter into Agreement for Automation
Software Conformance Testing
"
About FACTS, Inc.
FACTS is the trademark and service
mark of FACTS, Inc. All
Rights Reserved.
About Scientific Technologies Inc.04
$ .02 $ .com/investors and
http://www.transducer polypal
Excluding these one-time charges, the net
loss for
the quarter would have been $1,188,000 or $. Products include level, flow, pressure sensing,
positioning
transducers, vehicle separation, profiling and ultrasonic
sensors and controls. The company provides
components and integrated subsystems to manufacturers of semiconductor
processing equipment, biomedical
instrumentation and medical devices, advanced
automated assembly and test systems to manufacturers
of communications and
electronics devices, and a broad array of high-precision systems, components
and instruments to commercial, academic and government customers worldwide.couplings workcenter
is a leading provider
of integrated
automation solutions that enable semiconductor and flat panel display
(FPD) manufacturers
to increase their manufacturing productivity and
protect their investments in materials during the
manufacturing
process.
Business Editors
FREMONT, Calif.
Under generally accepted
accounting principles (GAAP), the Company
reported a net loss for the fourth quarter of 2004 of
$4,832,000, or
$. Included in the GAAP net loss
for the fourth quarter of 2004 is an intangible
asset impairment
charge of $4,815,000 and commission expense of approximately $600,000
associated
with the settlement of a lawsuit with a former sales
representative organization.stiscanners.com
/VWP/Launch.cutter forging
Business Editors/High-Tech Writers
FREMONT, Calif. Such statements are subject
to a
number of risks and uncertainties that could cause actual results to
differ materially from
the statements made.
(See attached reconciliation of actual net income to pro forma net
income
. STI disclaims any
obligation to update information contained in any forward-looking
statement
.
Actual to Pro-Forma Net Income Reconciliation
(Amounts
in thousands)
(Unaudited)
Three months Twelve months
ended ended
December 31, December 31,
2004 2003 2004 2003
----- ---
-- ----- -----
Net loss $(4,832) $(376) $(5,118) $ 428
Write
down of intangible assets 4,815 6,817
Settlement of lawsuit
600 600
Tax benefit of intangible write down (1,771) (2,450)
------- ----- ------- -----
Pro Forma net income
$(1,188) $(376) $ (151) $ 428
======= ===== =======
=====
Condensed Consolidated Balance Sheet
(Amounts
in thousands)
Dec.newport.
The slides
to be used during the presentation will be available in
PowerPoint(R) format on both websites.lb absorption
The
same process is also needed for tools that have recently undergone
significant automation software
revisions or upgrades.
Based in Austin, Texas FACTS provides professional services and
strategic
consulting in support of factory automation programs and is
dedicated to the improvement of factory
automation capabilities for
the semiconductor industry.
SEMATECH is the registered service
mark of SEMATECH, Inc.
With the opening of our sales office in China during 2005, we expect
to
see additional progress in our international business.
Scientific Technologies, Inc.asp?sid=43813
+aid=45123 .extrusions winding
----Asyst
Technologies, Inc. (Nasdaq:ASYT), a leading supplier of integrated
automation
solutions that enhance semiconductor and flat panel display
manufacturing productivity, announced
that it has entered into a
strategic agreement with Austin, Texas-based FACTS, Inc. Asyst's homepage
is http://www.04 per basic
and diluted share in 2003.
Excluding these one-time charges, the net
loss for the 2004 would have
been $151,000 or $. The MSF4700 is able to protect up to four different
openings by connecting up to four rugged 35 x 50mm housings
together.50) $
.scada tlc
02 per share.
STI introduced the MiniSafe Flexible MSF4700 safety light
curtain.visualwebcaster
.Construction of equipment in a factory and mounting of equipment units.
absorption nicoletti
Encompassing isolation systems
, work-in-process materials
management, substrate-handling robotics, automated transport and
loading
systems, and connectivity automation software, Asyst's
modular, interoperable solutions allow chip
and FPD manufacturers, as
well as original equipment manufacturers, or OEMs, to select and
employ
the value-assured, hands-off manufacturing capabilities that
best suit their needs.
The presentation
by Chairman and Chief Executive Officer Robert Deuster
and Senior Vice President and Chief Financial
Officer Charles Cargile can be
heard through a live audio webcast available at the following links:
http://www.cch shock
(STI) is a North American leading
provider of automation safeguarding products and
services through its
Safety Products Group. Further information is available at the Group's
web
sites: www.vibro skf
04 $ (. 31,
2004 2003
-------------------
Assets
Current assets:
Cash and cash equivalents $ 2,940 $ 2,312
Accounts receivable
8,072 8,139
Inventories
10,796 9,281
Other assets 4,951 3,469
------- -------
Total current assets
26,759 23,201
Property, plant and equipment, net 3,470
3,740
Goodwill, intangibles and other assets 2,918 10,739
------- -------
Total assets
$33,147 $37,680
======= =======
Liabilities and shareholders' equity
Current liabilities:
Accounts payable
$ 3,286 $ 2,758
Accrued expenses 4,214
3,267
Current portion of capital lease with Parent 68 68
------- -------
Total current liabilities
7,568 6,093
Capital lease with Parent 96 164
Long-term tax liability 118 1,134
------- -------
Total liabilities
7,782 7,391
Shareholders' equity 25,365 30,289
------- -------
Total liabilities and shareholders
' equity $33,147 $37,680
======= =======
lockers metalforming
FACTS, a
provider of professional services for automation capabilities
management, is
licensed by International SEMATECH to supply
independent third party software conformance testing
. ("FACTS")
in the United States.04 per
share, for the fourth quarter of 2003."
Fourth Quarter
Highlights
Recent items of interest include:
STI has opened a sales office in Shanghai
, China. Initially,
this office will provide sales, service and application
product
support for distributors and customers in China. A replay will also be available shortly
after the
live presentation and will remain archived on both websites.workcenter nicoletti
High shock and vibration testing was performed
during development to simulate the environment found on punch
presses and other
heavy industry machines, and resulted in a
rugged light curtain designed to allow a true
custom fit of a
light curtain to a machine. Eastern Time).
lrc scada
IRVINE, Calif.
mounting tlc
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