MILTON, N.Y., July 14, /PRNewswire-FirstCall/ -- Sono-Tek Corporation today announced sales of $1,465,000 for the three months ended May 31, 2009, compared to sales of $1,621,000 for the prior year period, a decrease of $156,000 or 10%. During the current quarter, sales of fluxer units, nozzles, Widetrack units, spray dryer units and solder recovery systems decreased when compared to the prior year. However, the Company did see an increase in sales of programmable XYZ precision coating units, SonoFlux EZ units, stent coating systems and Hypersonic units (recently released) when compared to the prior year.
Shipments of circuit boards by our customers, to whom we provide spray fluxing equipment, were still lower than previous levels in the US, as they are still being impacted by the recession. However, we are seeing positive signs in other regions, plus strong growth in fuel cell and solar energy applications in the US and abroad. Another promising area has been in the food industry, where we recently reported our first industrial coating sale for the application of flavoring oils to baked goods.
For further information, contact Dr. Christopher L. Coccio, at 845-795-2020, or visit our website at www.sono-tek.com
This earnings release contains forward looking statements regarding future events and the future performance of Sono-Tek Corporation that involve risks and uncertainties that could cause actual results to differ materially. These factors include, among other considerations, general economic and business conditions; political, regulatory, competitive and technological developments affecting the Company’s operations or the demand for its products; timely development and market acceptance of new products; adequacy of financing; capacity additions; restoration of profitability and the ability to enforce patents. We refer you to documents that the company files with the Securities and Exchange Commission, which includes Form 10-K and Form 10-Qs containing additional important information.
SOURCE Sono-Tek Corporation
CONTACT: Dr. Christopher L. Coccio of Sono-Tek Corporation,
+1-845-795-2020
Web site: http://www.sono-tek.com/
