BUSINESS NOTES\EVENTS.

SANTA CLARITA - John Warren of Warren Entertainment Group studios will be guest speaker Thursday at a meeting of the Santa Clarita Valley Film & Entertainment Bureau.

Warren Entertainment opened in the early 1980s with Lindsey Studios, providing sets such as a hospital, morgue, police station, jail and a '50s diner ready-made for set decorators to apply the finishing touches. The sets are movable, can be altered and even removed from the studio to fit a director's needs.

The Warren studios are among those in the Valencia Industrial Center, where warehouses have been converted for filming TV series, commercials, videos and feature films.

The film and entertainment bureau is scheduled to meet at 7 a.m. Thursday in City Hall Council Chambers, 23920 Valencia Blvd.

AWARDS

SAUGUS - National Technical Systems' Saugus division has received the 1995 Supplier Excellence Award for its outstanding environmental testing support in commercial and government programs.

The award was presented last week at a luncheon hosted by Kenneth Coberly, procurement manager for Olin Aerospace Co. NTS representatives accepting the award were Mary Fraser, director of quality assurance, and John Csajkowski, division manager.

NTS provided support programs for the environmental testing of a series of OAC projects.

ALLIANCE

VALENCIA - Cogent Light Technologies Inc., a medical illumination company in Valencia, has formed an alliance with Welch Allyn of New York, which manufactures and distributes lamp technology.

The two will work together on a new generation of high-tech illumination products for doctor offices, operating rooms and outpatient surgical clinics.

The project combines the local company's fiber-optic coupling methods with Welch Allyn's lamp technology, said Doug Brenner, founder of Cogent Light.

"Our jointly developed products will revolutionize the medical market for illuminated products, bringing high tech to an area that has been technologically stagnant for the last 30 years."

Cogent's alliance with Welch Allyn is the first of several intended to position Cogent's technology in the medical device market. The first joint product of the partnership will be announced Wednesday at the Association of Operating Room Nurses annual congress in Dallas.

The new devices will deliver more light to the surgical field in a smaller package and at a lower cost.

Cogent's technology allows the delivery of a more intense light through a miniaturized single fiber, while eliminating the extra weight or cable drag of traditional fiber bundles.

EARNINGS

VALENCIA - 3D Systems Corp. reported 1995 sales of $62.6 million, up 44 percent over 1994, and net income of $8.9 million, or 83 cents per share.

In 1994 the company reported net income of $4.5 million, or 48 cents per share, on revenue of $43.3 million. In 1995 and in 1994, net income included tax benefits of $3.0 million and $1.5 million, respectively, which resulted from recognition of deferred tax assets.

Fourth-quarter revenue in 1995 grew 52 percent over 1994's fourth quarter to $18.7 million. Net income for 1995's fourth quarter was $1.3 million, or 11 cents per share. In 1994 the company reported fourth-quarter net income of $2.4 million, or 26 cents per share, which included the tax benefit of $1.5 million, or 16 cents per share.

Earnings-per-share data for 1994 have been adjusted to reflect the one-for-three reverse stock split on May 23.

Fourth-quarter net income in 1995 included a charge to operating expenses of $850,000 relating to the company's plans to move its manufacturing in 1996 from California to a new and larger facility in Colorado.

The company shipped 120 rapid prototyping systems in 1995, compared to 73 systems in 1994, and ended 1995 with a backlog of orders for 38 systems, aggregating approximately $12.3 million in future revenue, compared to 1994's year-end backlog of 21 systems, or approximately $7.0 million.

3D Systems develops, manufactures and markets systems that build three-dimensional prototypes from computer images.

NEWHALL - Special Devices Inc., a Newhall-based company that designs and manufactures the devices that activate air bags, reported slightly higher profits in this year's first quarter compared to 1995, but earnings per share were the same.

The company reported net income for the quarter of $1.4 million on sales of $22.5 million, compared to net income of $1 million on sales of $22.2 million for the first quarter last year.

The company, based in Placerita Canyon and preparing a move to Moorpark, reported earnings of 18 cents for its first quarter, which ended Jan. 28. Earnings were the same in the first quarter of 1995, Thomas F. Treinen, chairman and chief executive officer, said in a statement.

Average shares outstanding were 7.7 million for the 1996 first quarter compared to 5.8 million average shares outstanding for the first quarter last year.

The Automotive Products Division, which produces electric initiators that activate the inflation system in automotive air bags, reported first-quarter sales of $17.9 million, up from $14.4 million for the same period last year. Operating income was $1.5 million for the first quarter, compared with operating income of $1.2 million last year.

The Aerospace Division, which designs and manufactures highly reliable pyrotechnic devices used in tactical weapons systems, space launch vehicles and crew escape systems, recorded first-quarter sales of $4.7 million compared with sales of $7.8 million for the first quarter last year. Operating income was $760,000 for the first quarter compared with operating income of $870,000 last year.

The increase in sales for the automotive division reflects the increasing demand from the division's customers for initiators, company officials said.