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Sono-Tek Announces $600K Multi-System Order From Innovative Medical Technology Customer, First Part of Expected Multi-Phase Program
Order Expected to be Shipped in Current Fiscal Year MILTON, NY, March 08, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Sono-Tek Corporation (Nasdaq: SOTK), the
About this update from Sono-tek Corporation
[{"type":"text","content":"Order Expected to be Shipped in Current Fiscal Year MILTON, NY, March 08, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Sono-Tek Corporation (Nasdaq: SOTK), the leading developer and manufacturer of ultrasonic coating systems, today announced that it has received a $0.6 million order from a medical device manufacturer, the first part of an expected multi-phase program for additional machines. The $0.6 million multi-system order is from an existing customer that previously purchased several identical Sono-Tek machines to manufacture its products and is now continuing to ramp up capacity to meet growing customer demand. The innovative medical technology company worked with Sono-Tek’s application engineers to perfect the coating process that applies proprietary thin films onto a critical drug delivery device. Sono-Tek anticipates shipping the order in FY2024, the current fiscal year that ends February 28, 2024. Steve Harshbarger, President and COO, commented, “We’re excited to announce this multi-system order from an existing customer that manufactures an innovative medical device with growing market demand. The order also demonstrates the abilities of our application engineers to understand and integrate Sono-Tek’s coating systems into a customer’s complex manufacturing processes, be it medical technology, semiconductors or green energy, Sono-Tek’s three target markets for growth. The order is the first part of an expected multi-phase program. As it was received before the end of Q4 FY2023 (ended February 28th), the order was added to our fiscal year-end backlog, which has grown significantly during the fiscal year and will be reported in mid-May.” About Sono-Tek Corporation Sono-Tek Corporation is the leading developer and manufacturer of ultrasonic coating systems for applying precise, thin film coatings to protect, strengthen or smooth surfaces on parts and components for the microelectronics/electronics, alternative energy, medical and industrial markets, including specialized glass applications in construction and automotive. The Company’s solutions are environmentally friendly, efficient and highly reliable, and enable dramatic reductions in overspray, savings in raw material, water and energy usage and provide improved process repeatability, transfer efficiency, high uniformity and reduced emissions. Sono-Tek’s growth strateg...