MicroVision Receives First Order for Small Form Factor Display Engine for $6.7 Million

Asian electronics device manufacturer to embed MicroVision display engine in smartphones for China and other markets
 
MicroVision, Inc. (NASDAQ: MVIS), a leader in innovative ultra-miniature projection display and sensing technology, today announced that it has received a $6.7 million order for its small form factor display engine (model PSE-0403-103) from an Asian electronics device manufacturer. The customer plans to embed the MicroVision display engines in smartphones.
 
The electronics Original Equipment Manufacturer (OEM) plans to launch the smartphone product later this year in China and other markets where it has existing distribution of its products. Currently MicroVision expects to begin shipping engines to the OEM in the second quarter of 2017 with a large majority of the units shipping by the end of 2017. Actual timing of shipments of the PSE-0403-103 to this OEM will be finalized in line with the OEM’s product launch timing. Other details of the product or agreement between MicroVision and the OEM are confidential.
Published: 15 March 2017
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Superconductor Technologies Inc. Awarded U.S. Patent for Unique Manufacturing Process

– Strengthens Conductus Superconducting Wire IP portfolio –
 
AUSTIN, Texas, Feb. 16, 2017 -- Superconductor Technologies Inc. (STI) (Nasdaq:SCON) was awarded a U.S. Patent enabled by STI’s proprietary superconducting wire manufacturing method. This patented process improves Conductus® wire’s performance in the presence of a strong magnetic field.
 
U.S. Patent No. 9,564,258 entitled “Coated Conductor High Temperature Superconductor Carrying High Critical Current Under Magnetic Field By Intrinsic Pinning Centers, And Methods Of Manufacture Of Same” from the U.S. Patent and Trademark Office (USPTO), associated with U.S. Patent No. 9,362,025 announced in June 2016, provides additional protection for STI’s unique manufacturing process.
Published: 16 February 2017
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GigPeak Reports Record Financial Performance for the Fourth Quarter and Fiscal Year 2016 and Enters Into a Definitive Agreement to Be Acquired in an All Cash Transaction by Integrated Device Technology, Inc.

SAN JOSE, Calif. -- GigPeak, Inc. (NYSE MKT:GIG): In a separate announcement, it was announced today that GigPeak has entered into a definitive agreement to be acquired in an all cash transaction by Integrated Device Technology, Inc. (IDT®) (NASDAQ: IDTI), for total cash consideration of $3.08 per share, or approximately $250 million in cash, including various expenses and amounts paid to employees and directors
Under the terms of the agreement, IDT will commence a cash tender offer for all outstanding shares of GigPeak for $3.08 per share in cash. This per share consideration would represent a premium of approximately 22% to GigPeak’s closing share price on February 10, 2017, and an approximately 30% premium to its last 9-month average trading price as of February 10, 2017
Published: 14 February 2017
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Trio-Tech Fiscal 2017 Second Quarter Net Income Increased to $0.09 Per Share Versus $0.05 Per Share Last Year On 9.0% Revenue Gain

VAN NUYS, Calif. --  Trio-Tech International (NYSE MKT: TRT) today announced financial results for the second quarter and first six months of fiscal 2017:
 
Revenue increased 9.0% to $9.1 million for this year's second quarter compared to $8.4 million for the second quarter of fiscal 2016.
Second quarter net income attributable to Trio-Tech common shareholders increased 63.2%.
EPS increased to $0.09 per diluted share, compared to $0.05 per share, in the second quarter of fiscal 2017.
Revenue increased 11.0% to $18.1 million compared to $16.3 million for the first six months of fiscal 2016.
Six months net income attributable to Trio-Tech common shareholders increased 36.5%.
EPS increased to $0.17 per diluted share, compared to $0.13 per share, in the first six months of fiscal 2016.
Published: 10 February 2017
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Aehr Test Systems Receives Order from Subcontractor to Lead Customer for its FOX-XP ™ Test and Burn-in System Products

FREMONT, Calif., Feb. 08, 2017 -- Aehr Test Systems (NASDAQ:AEHR), a worldwide supplier of semiconductor test and burn-in equipment, today announced that it has received an order from a subcontractor to its lead customer for its FOX-XP test and burn-in system products as the first step towards a high-volume production application.
 
As Aehr Test has disclosed previously, this lead customer and its subcontractors have indicated that they anticipate the need for a significant number of production burn-in/test systems to meet their device volume shipments in the upcoming summer of 2017. Aehr Test has taken several steps to shorten lead times and ensure it has the capacity to meet their range of capacity needs and forecasts.
Published: 08 February 2017
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