April 20, 2014 2:38 AM ET

Electronic Equipment, Instruments and Components

Company Overview of Sono-Tek Corp.

Company Overview

Sono-Tek Corporation develops, manufactures, and sells ultrasonic liquid atomizing nozzles. Its ultrasonic nozzle systems atomize low to medium viscosity liquids by converting electrical energy into mechanical motion in the form of ultrasonic vibrations that break liquids into minute drops that can be applied to surfaces at low velocity. The company offers various spray fluxer products that comprise SonoFlux 2000F, which is used by electronic circuit board manufacturers to apply solder flux to fixed width circuit boards; SonoFlux 2000FP, SonoFlux XL, and SonoFlux EZ that are designed to be used by original equipment manufacturers (OEM) or contract manufacturers of electronic circuit assembli...

2012 Route 9W

Milton, NY 12547

United States

Founded in 1975

48 Employees

Phone:

845-795-2020

Fax:

845-795-2720

Key Executives for Sono-Tek Corp.

Chairman and Chief Executive Officer
Age: 72
Total Annual Compensation: $212.4K
President and Director
Age: 45
Total Annual Compensation: $204.3K
Vice President of Food Business Development and Director
Age: 64
Total Annual Compensation: $126.7K
Compensation as of Fiscal Year 2013.

Sono-Tek Corp. Key Developments

Sono-Tek Corporation Announces the Release of the Next Generation Ultrasonic Generator the ECHO

Sono-Tek Corporation announced the release of the next generation ultrasonic generator, the ECHO. The ECHO ultrasonic generator is designed for the higher degree of accuracy and control of ultrasonic spray processes using Sono-Tek's ultrasonic nozzle technology. The ECHO provides the high frequency electrical energy required to operate all frequencies of Sono-Tek ultrasonic nozzles. As with the Sono-Tek standard broadband ultrasonic generator, the ECHO automatically locks onto the ultrasonic nozzle's operating frequency with phase-locked-loop technology. The ECHO offers a multitude of connectivity inputs and outputs, triggering capabilities and fine tuning spray controls, including a new load leveling feature that automatically compensates for changes in flow rate and liquid characteristics such as viscosity, resulting in the most stable spray characteristics and consistent drop sizes for the greater repeatability of spray possible. The ECHO's modern digital LCD display of parameters and extreme accuracy over full power range make it a phenomenal upgrade to current users of the broadband ultrasonic generator, and the ECHO's flexible connectivity and user-friendly interface make it a breeze to set up for users who are new to Sono-Tek's ultrasonic technology. Sono-Tek ultrasonic spray systems are proven in a wide range of precision spray applications worldwide, including implantable medical device coatings such as stents, printed circuit board spray fluxing, solar and fuel cell manufacturing, and glass, food and other industrial coatings applied to any width production lines. Sono-Tek's environmentally friendly ultrasonic spray systems feature up to an 80% reduction in spray material, and dramatic reductions in waste and energy consumption.

Sono-Tek Corporation Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended November 30, 2013

Sono-Tek Corporation announced unaudited earnings results for the third quarter and nine months ended November 30, 2013. The company reported sales of $2,650,000 for the three months ended November 30, 2013, compared to sales of $2,202,000 for the prior year period, an increase of $448,000 or 20%. According to the company, this quarter has also shown growth over the preceding quarter's sales, continuing a trend that began in the first quarter of this fiscal year. The company reported net income of $171,000 for the three months ended November 30, 2013, compared to $25,000 for the prior year period, an increase of $146,000. Diluted earnings per share were $0.01 against $0.00 a year ago. The company reported income before taxes of $265,000 for the three months ended November 30, 2013, compared to $39,000 for the prior year period, an increase of $226,000. For the nine month period ended November 30, 2013, the company reported income before taxes of $531,000 compared to $70,000 for the prior year period, an increase of $461,000. For the nine month period ended November 30, 2013, the company reported net income of $350,000 compared to $96,000 for the prior year period, an increase of $254,000. Diluted earnings per share were $0.02 against $0.01 a year ago.

Sono-Tek Corporation Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended August 31, 2013

Sono-Tek Corporation announced unaudited earnings results for the second quarter and six months ended August 31, 2013. For the six months, the company announced net sales of $4,911,772 compared to $5,230,809 for the same period a year ago. Income before taxes was $266,273 compared to $31,189 for the same period a year ago. Net income was $179,177 compared to $70,836 for the same period a year ago. Diluted earnings per share were $0.01 compared to $0.00 for the same period a year ago. For the quarter, the company announced net sales of $2,537,378 compared to $2,391,107 for the same period a year ago. Income before taxes was $172,337 compared to $12,948 for the same period a year ago. Net income was $105,429 compared to $59,735 for the same period a year ago. Diluted earnings per share were $0.01 compared to $0.00 for the same period a year ago.

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