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JANUARY 2005 INDUSTRY NEWS


LeCroy Reports Record Second-Quarter Revenue and Strong Operating Performance

LeCroy Corporation, a leading supplier of oscilloscopes and serial data test solutions, announced financial results for its second quarter of fiscal 2005 ended December 31, 2004.

"LeCroy capitalized on strong market demand and a well positioned product line to report record quarterly revenues," said President and Chief Executive Officer Tom Reslewic.

"We increased sales of our oscilloscopes and serial data test solutions across all of our geographic and vertical markets in the second quarter," Reslewic added. "Domestic orders were up 30 percent year-over-year and European orders grew 31 percent to record levels despite a particularly strong performance in that region a year ago. Second-quarter orders were even higher in Asia as we grew an impressive 56 percent year-over-year, driven by significant growth from Korea and China and another solid quarter in Japan."

"End-market order growth was strongest in the Computer segment where we recorded robust orders of serial data solutions in both oscilloscopes and protocol analyzers," said Reslewic. "We also saw continued strength in the Automotive/Industrial segment, driven by the success of our oscilloscope-based serial data solutions aimed at CANbus applications."

"Oscilloscope unit orders increased 50 percent year-over-year," stated Reslewic. "Our mid-tier oscilloscopes performed particularly well due in large part to the introduction of WaveRunner 6000A. At the same time, LeCroy set a new record for WaveSurfer unit orders. Launched in 2004, the success of this low-cost product continued to exceed our highest expectations, and has enabled us to gain significant share in a new market segment for LeCroy."

LeCroy Corporation is a worldwide leader in serial data test solutions, creating advanced instruments that drive product innovation by quickly measuring, analyzing and verifying complex electronic signals. The Company offers high-performance oscilloscopes, serial data analyzers and global communications protocol test solutions used by design engineers in the computer and semiconductor, data storage device, automotive and industrial, and military and aerospace markets. LeCroy is headquartered in Chestnut Ridge, New York.

 

Transcat Announces Fiscal Year 2005 Third Quarter and Nine Months Highlights

Transcat, Inc., a leading global distributor of professional grade test, measurement, and calibration instruments and a provider of calibration and repair services, announced financial results for its fiscal year 2005 third quarter and nine months ended December 25, 2004.

Highlights include:

  • Fiscal year 2005 net sales increased 3.6% to $14.0 million in the third quarter and 4.5% to $39.8 million in the nine months ended December 25, 2004.
  • Gross profit ratio for the fiscal year 2005 third quarter increased 1.8 points over the fiscal year 2005 second quarter and 2.3 points over the fiscal year 2004 third quarter.
  • Operating income for the fiscal year 2005 third quarter increased $0.6 million to $0.4 million from the fiscal year 2004 third quarter. Operating income for the fiscal year 2005 nine months was flat with the fiscal year 2004 nine months.
  • Net income for the fiscal year 2005 third quarter was $0.3 million, or $0.04 per share, compared to a net loss of $0.2 million, or $0.03 per share, in the fiscal year 2004 third quarter.
  • Distribution Products - Net sales increased 5.5% to $9.9 million in the fiscal year 2005 third quarter over the fiscal year 2004 third quarter and increased 8.3% to $27.0 million in the fiscal year 2005 nine months over the fiscal year 2004 nine months. Distribution Products gross profit ratio for the fiscal year 2005 third quarter increased 1.4 points over the fiscal year 2005 second quarter and 2.2 points over the fiscal year 2004 third quarter. In addition, a manufacturer rebate earned in the fiscal year 2004 second quarter accounted for 1.0 points of margin decline in the first nine months of fiscal year 2005.
  • Calibration Services – Net sales were $4.2 million in the fiscal year 2005 third quarter and were flat with the fiscal year 2004 third quarter. The gross profit ratio increased 2.3 points over the fiscal year 2005 second quarter and 2.7 points over the fiscal year 2004 third quarter.
  • Operating expenses decreased $0.2 million when compared to the prior year three and nine month periods as a continued result of the benefits of cost control initiatives.

For more information visit Transcat.


Sypris Selected As Certified Supplier For Defense Contractor

Sypris Test & Measurement, Inc., a subsidiary of Sypris Solutions, Inc., announced that it has been named a Certified Supplier for the testing of military aircraft electronics manufactured by BAE SYSTEMS, Greenlawn, N.Y.

"We trust them 100 percent with what they do," said Bob Farley, supplier quality engineer with BAE SYSTEMS, a long-time technical leader in the design, development, manufacture and support of defense and aerospace equipment as well as electronics for commercial aviation applications. "They're quality and dependability have proven excellent."

"Being a BAE Certified Supplier means the parts we screen for BAE will go directly into their inventory," said Allan Whitlow, sales engineer at Sypris, "because they know every part we send to them will be perfect. They won't have to inspect what we've screened for them, saving them time and money." The certification also gives Sypris preference for new business from BAE.

"This certification is a direct result of our performance as a leading provider of quality testing and customer service," said Mike McEntee, Sypris test division general manager.

Sypris Test & Measurement President & CEO Kathy Smith Boyd added, "The BAE Certification demonstrates our commitment to technical excellence in the aerospace and military test arena, an area of vital importance to the nation."

Sypris Test & Measurement, Inc. is a leading provider of calibration services, test and component sourcing services, and specialty products to major corporations and government agencies. Sypris serves customers in a variety of markets, including military, aerospace, avionics, telecommunications and more. With over 40 years of component sourcing and product testing experience in locations across the U.S., Sypris is qualified to provide cost effective, independent engineering and test support for a variety of specific test needs. More information about Sypris Test & Measurement's component and product testing services is available on the Internet at www.WeTest.com, or by calling 800-839-4959.


Bios International Announces ISO 17025 Accreditation by NVLAP

Bios International Corporation announced its ISO 17025 accreditation by The National Voluntary Laboratory Accreditation Program (NVLAP). NVLAP, administered by The National Institute of Standards and Technology (NIST), provides third-party accreditation to public and private laboratories based on evaluation of their technical qualifications and ability to perform specific tests and calibrations compliant with the International Organization for Standardization (ISO).

Since storming onto the flow measurement scene in 1991 with the DryCal®, the first portable dry piston calibrator for the industrial hygiene and environmental markets, Bios International has become the world’s leader in primary gas flow measurement, offering DryCals to satisfy an increasingly broad range of application needs. With a scope of accreditation that may very well be the greatest of any ISO 17025-accredited flow facility, at well under ±0.1% standardized, Bios International has solidified its reputation as a leader. In addition to flow measurements, the scope of accreditation lists the types of tests and calibrations Bios is competent to perform in accordance with ISO 17025.

For more information visit www.drycal.com.


Sypris Test & Measurement Consolidates Maryland And New Jersey Calibration Labs

Sypris Test & Measurement announced plans to relocate and consolidate its calibration laboratory located in Annapolis Junction, Md., with its new state-of-the-art, A2LA-accredited facility in Sayreville, N.J. Sypris management expects complete consolidation by January 28, 2005 without disruption of service to customers.

"Sypris' financial strength allowed us to design and build the New Jersey facility to accommodate Maryland branch customers with high-end electrical calibration needs," said Derrell James, Sypris Test & Measurement general manager. "The recently constructed New Jersey lab is four times larger and offers unique capabilities not offered at the Maryland facility."

Unique capabilities of the New Jersey calibration lab include fiber optic calibrations and RF capabilities to 26.5 GHz, including calibration of power sensors, EVM, FSK and CDMA digital modulation, reflection magnitude and phase, transmission magnitude and phase. Additional capabilities expected to be added during the first quarter of 2005 include RF/Isotropic field probe calibrations to 50 GHz and antenna calibrations to 50 GHz with full RF capabilities extended to 50 GHz. The A2LA Scope of Accreditation can be viewed by visiting www.calibration.com and selecting the link to Sayreville, N.J.

"This is a great opportunity for Sypris to deliver improved capabilities, broader ranges of support services, and improved scope and responsiveness to our Maryland customers," said Ryan Wilde, New Jersey branch manager. "We look forward to a seamless transition."

Customers with questions about the consolidation of the Maryland and New Jersey calibration facilities to 2500 Main Street, Suite 2, Sayreville, N.J. 08872 should contact Ryan Wilde at (732) 721-6116 or ryan.wilde@sypris.com.

Sypris Test & Measurement, Inc. is a leading provider of calibration services, test and component sourcing services, and specialty products to major corporations and government agencies. Sypris serves customers in a variety of markets, including military, aerospace, avionics, telecommunications and more. With over 40 years of component sourcing and product testing experience in locations across the U.S., Sypris is qualified to provide cost effective, independent engineering and test support for a variety of specific test needs. More information about Sypris Test & Measurement's component and product testing services is available on the Internet at
www.WeTest.com, or by calling 800-839-4959.


Thunder Scientific - All Humidity Calibration Solutions In One Place

Thunder Scientific Corporation, Albuquerque, NM invites the industrial world to visit their new Humidity Calibration Website at www.thunderscientific.com.

The site is designed to satisfy all calibration needs; products, education, calibration services (NVLAP Accredited calibration laboratory), news on events and issues affecting the industry and technical advice. Quick quote and question response forms are also available with one click. All are easily accessed from a central page.

Whether a standards or metrology lab, a military PMEL, pharmaceutical, industrial, or aerospace manufacturing facility; virtually any company requiring calibration of products, equipment or chambers will benefit from visiting this website.

Take a virtual tour of the Thunder facilities and sign up for the free email newsletter, "Thunder Struck." It's the perfect way for busy companies to stay up-to-date with the latest calibration innovations.

Thunder has offered a full line of humidity measurement equipment, software, and accessories for more than 35 years. Thunder Scientific is also the only full service calibration laboratory for NVLAP Accredited humidity calibrations. For more information visit the website link above or call 800-872-7728 or email at: info@thunderscientific.com.


L-A-B Receives Recognition from NACLA

The National Cooperation for Laboratory Accreditation (NACLA) has granted Recognition to the Laboratory Accreditation Bureau’s (L-A-B) accreditation program. According to NACLA, the recognition is an attestation that L-A-B is a competent laboratory accreditation body (AB) that has demonstrated to a NACLA evaluation team, compliance with the NACLA procedures and the international standard for a competent AB (ISO/IEC Guide 58).

The Recognition is for a range of accreditation services:
In the Testing area - mechanical and dimensional measurement; in the Calibration area - mass, torque, force, hardness and length.

L-A-B was established in 1999 by a group of professionals experienced in auditing and laboratory management. L-A-B provides accreditation services for laboratories of all sizes; from the single person calibration laboratory to multiple lab tech facilities. L-A-B has been recognized by the Automotive Industry for many years as an accreditation body capable of helping to fill the need for accreditation of calibration and testing laboratories, which provide lab services to the Automotive Industry suppliers. Such a need stems from the requirements within QS-9000 (US standard) and ISO/TS 16949 (international standard).

L-A-B now has over 260 laboratories under accreditation. L-A-B offices are located in Chicago, the Fort Wayne area, and the Pittsburgh area, with assessors located across the USA and Canada.

Further information about L-A-B will be found at www.l-a-b.com.

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