VAN NUYS, Calif. --  Trio-Tech International (NYSE MKT: TRT) today announced financial results for the first quarter of fiscal 2018:

 

● Revenue increased 22.0% compared to the first quarter of fiscal 2017.

● Operating income increased 45.1% compared to the first quarter of fiscal 2017.

● Net income attributable to TRT increased 89.8% compared to the first quarter of fiscal 2017.

● Earnings per share doubled to $0.16 compared to $0.08 for the first quarter of fiscal 2017.

 

CEO Comments

S.W. Yong, Trio-Tech's CEO, said, "Trio-Tech's excellent first quarter financial results speak for themselves: Revenue increased sharply in each of our business segments, driving commensurate gains in operating income, net income and earnings per share versus the first quarter of last fiscal year. Our Singapore and Tianjin, China operations were especially strong, and business conditions there currently appear likely to remain favorable. This was our strongest quarterly financial performance in quite some time, a tribute to the hard work and dedication of Trio-Tech's entire team, and we are optimistic regarding the remainder of the year."

Acquisition significantly expands capabilities across high growth power semiconductor markets

 

CHICAGO & MILPITAS, Calif. -- Littelfuse, Inc. (NASDAQ:LFUS) and IXYS Corporation (NASDAQ:IXYS) today announced that they have entered into a definitive agreement under which Littelfuse will acquire all of the outstanding shares of IXYS in a cash and stock transaction. The transaction represents an equity value of approximately $750 million and enterprise value of $655 million.(1) Under the terms of the agreement, each IXYS stockholder will be entitled to elect to receive, per IXYS share, either $23.00 in cash or 0.1265 of a share of Littelfuse common stock, subject to proration. In total, 50% of IXYS stock will be converted into the cash election option and 50% into the stock election option.

PETACH-TIKVA, Israel, July 24, 2017 -- Eltek Ltd. (NASDAQ: ELTK), a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards, announced today it received an order from a governmental authority for a project that includes, among other things, manufacturing and procurement in an amount of up to approximately US$ 3 million.

 

The execution of the project will extend over a period of two years, during which Eltek will be required to meet quarterly milestones. The customer has an option to extend the project for an additional twelve month period, during which Eltek will be required to meet additional quarterly milestones.

SUNNYVALE, CA--(June 23, 2017) - QuickLogic Corporation (NASDAQ: QUIK)

 

AISpeech is a leading enterprise of AI-based speech technology in China

Supports QuickLogic vision to enable any battery-powered IoT device to connect to cloud-based digital AI assistants via voice commands

First application will be Bluetooth headsets from IoT hardware company, Qiwo

QuickLogic Corporation (NASDAQ: QUIK), a developer of ultra-low power multi-core voice enabled SoCs, embedded FPGA IP, display bridge and programmable logic solutions, today announced that it is collaborating with AISpeech, a leading enterprise of Artificial Intelligence (AI) speech technology that is currently focusing on the Chinese market.