ESI To Release Fiscal 2018 Third Quarter Results On January 31

PORTLAND, Ore., Jan. 22, 2018 (GLOBE NEWSWIRE) — Electro Scientific Industries, Inc. (Nasdaq:ESIO), an innovator in laser-based manufacturing solutions for the micro-machining industry, will announce third quarter fiscal 2018 results after the market closes on Wednesday, January 31, 2018. Following the release the company will hold a conference call, hosted by CEO Michael Burger, at 2:00 p.m. PT. A webcast of the conference call will air simultaneously, with access available at investors.esi.com. Continue reading ESI To Release Fiscal 2018 Third Quarter Results On January 31

Global Lithium Ion Cell and Battery Pack Market: Demand for Lower Carbon Emissions to Accelerate Growth, observes TMR

ALBANY, New York, Jan. 19, 2018 (GLOBE NEWSWIRE) — The global lithium ion cell battery and battery pack market is prognosticated to exhibit a highly positive growth trajectory in the forthcoming years, as stated by Transparency Market Research (TMR). The report mentions that the worldwide market is fairly fragmented, with the top players holding a substantial portion of the market revenue. The market participants are expected to invest in strategic growth strategies such as investing in research and development and pursue the expansion of its product portfolio. Some of the key participants of the global lithium ion cell and battery pack market are GS Yuasa Corporation, BYD Co. Ltd., Toshiba Corporation, Samsung SDI and Panasonic Corporation. Continue reading Global Lithium Ion Cell and Battery Pack Market: Demand for Lower Carbon Emissions to Accelerate Growth, observes TMR

Global Market for Sodium-ion Batteries to Nearly Triple in Value by 2022

WELLESLEY, Mass., Jan. 18, 2018 (GLOBE NEWSWIRE) — Growing consumer need for more durable and longer-lasting batteries, rising demand in consumer electronics and electric vehicles, and increasingly stringent environmental regulations are supporting big growth in the global market for sodium-ion batteries. In a new report, Sodium-ion Batteries: Materials, Technologies and Global Markets to 2022, BCC Research estimates the market will grow from $420 million in 2017 to $1.2 billion by 2022, indicating a compound annual growth rate (CAGR) of 23.9%. Continue reading Global Market for Sodium-ion Batteries to Nearly Triple in Value by 2022

Global Wireless Charging Integrated Circuits (ICs) Market, an efficient and reliable way to charge electronics devices to reach USD 8,523.5 million by 2023

NEW YORK, Jan. 18, 2018 (GLOBE NEWSWIRE) — Global Wireless Charging Integrated Circuits (ICs) market is expected to grow significantly from USD 1,809.9 Million in 2016, to USD 8,523.5 Million in 2023, at a CAGR of 25.2% from 2017 to 2023. Factors driving the growth of the wireless charging ICs market include high demand for the smart phones, tablets, laptops, digital cameras, surging need for electric vehicle infrastructure and increasing processing power of gadgets. Efficient integration of power systems on ICs intends to the expansion of various portable consumer electronics. Advanced technology as well as compact design of ICs propels the growth rate of the global wireless charging ICs market rapidly. However, size and complex integration with multi power system remains to be key restraints hindering the market growth.
Continue reading Global Wireless Charging Integrated Circuits (ICs) Market, an efficient and reliable way to charge electronics devices to reach USD 8,523.5 million by 2023

NVE Corporation Reports Third Quarter Results and Announces Quarterly Dividend

EDEN PRAIRIE, Minn., Jan. 17, 2018 (GLOBE NEWSWIRE) — NVE Corporation (Nasdaq: NVEC) announced today financial results for the quarter and nine months ended December 31, 2017.
Total revenue for the third quarter of fiscal 2018 decreased 1% to $7.36 million from $7.46 million in the prior-year quarter. The decrease was due to a 9% decrease in product sales, partially offset by a 164% increase in contract research and development revenue. Net income for the third quarter of fiscal 2018 increased 3% to $3.57 million, or $0.74 per diluted share, compared to $3.48 million, or $0.72 per share, for the prior-year quarter. The effective tax rate was 27.7% of net income before taxes for the quarter, compared to 32.3% in the prior-year quarter. The decreased rate for the quarter was due to the blended effect of a decrease in the Federal tax rate with the enactment of the Tax Reform Act, partially offset by a one-time $206,693 increase in the provision for income taxes from the effect of the new rate on deferred tax assets.
For the first nine months of fiscal 2018, total revenue increased 2% to $22.0 million from $21.5 million for the first nine months of the prior year. The increase was primarily due to a 33% increase in contract research and development revenue. Net income increased 1% to $10.0 million, or $2.07 per diluted share, for the first nine months of fiscal 2018 compared to $9.92 million, or $2.05 per share, for the first nine months of fiscal 2017. The effective tax rate was 30.6% of net income before taxes for the first nine months of fiscal 2018, compared to 32.2% in the prior-year period. The decreased rate was due to a decrease in the Federal tax rate with the enactment of the Tax Reform Act, partially offset by a one-time $206,693 increase in the provision for income taxes from the effect of the new rate on deferred tax assets.
The company also announced a quarterly cash dividend to shareholders of $1.00 per share of common stock, payable February 28, 2018 to shareholders of record as of January 29, 2018.
“We are pleased to report solid revenue and earnings for the quarter,” said NVE President and Chief Executive Officer Daniel A. Baker, Ph.D.
NVE is a leader in the practical commercialization of spintronics, a nanotechnology that relies on electron spin rather than electron charge to acquire, store and transmit information. The company manufactures high-performance spintronic products including sensors and couplers that are used to acquire and transmit data. NVE has also licensed its spintronic magnetoresistive random access memory technology, commonly known as MRAM.
Statements used in this press release that relate to future plans, events, financial results or performance are forward-looking statements that are subject to certain risks and uncertainties including, among others, such factors as uncertainties related to the economic environments in the industries we serve, uncertainties related to future contract research and development revenue, uncertainties related to future stock repurchases and dividend payments, uncertainties related to the future impact of Federal tax reform, as well as the risk factors listed from time to time in our filings with the SEC, including our Annual Report on Form 10-K for the fiscal year ended March 31, 2017, as updated in the Quarterly Report on Form 10-Q for the quarter ended December 31, 2017. Continue reading NVE Corporation Reports Third Quarter Results and Announces Quarterly Dividend