Able Electronics Announces Results for First Full-year of Operation and First Quarter 2001.Business Editors/High Tech Writers HAYWARD, Calif.--(BUSINESS WIRE)--Sept. 10, 2001 Able Electronics Corporation, a leading electronics manufacturing services Electronic manufacturing services (EMS) is term used for companies that design, test, manufacture, distribute and provide return/repair services for electronic component and assemblies for original equipment manufacturers (OEMs). (EMS) company, today announced its first, full-year reviewed financial results with 250% revenue growth. Net income results increased by more than 500% over the previous fiscal year 2000. For the three months ending June 30, 2001, revenue increased 100% compared to the same period in 2000 while net income grew by more than 300%. The first quarter results ending June 30, exhibit Able's commitment to adding customer value through capital equipment, facility, and information technology investments all related to increased customer service. "Able's record earnings and growth are exceptional for its first full-year of operation under new ownership," said Peter Dennis, Able Electronics President & COO. "We are committed to serving our customers by investing in IT technology and state-of the-art equipment and facilities. This automation and customer service will continue to provide exceptional growth for Able along with committed partnering relationships with our customers. Our outlook is strong for the coming year as we anticipate 50%+ growth for our 2002 calendar year." About Able Electronics Originally founded in 1988, Able Electronics Corporation is a privately-held electronic manufacturing services (EMS) company serving OEMs in the telecommunications, test and measurement, medical instruments, computer peripherals, industrial controls and genetic research industries. In less than 2 years, the Years, The the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109] See : Time company has more than doubled production capacity and now occupies a new 135,000 sq. ft., state-of-the-art, corporate-owned facility in Hayward, CA, in Silicon Valley, midway between San Jose San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Oakland and San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden with manufacturing sites in Mexico and Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. . With an ongoing commitment to customer service, Able provides a full range of EMS solutions from engineering development and prototyping to systems integration and test. Able also offers a medium-to-high volume, full turnkey See turnkey system. manufacturing, test and logistical lo·gis·tic also lo·gis·ti·cal adj. 1. Of or relating to symbolic logic. 2. Of or relating to logistics. [Medieval Latin logisticus, of calculation services. For more information, visit Able's Web site at http://www.ableco.com. |
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