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manufacturing integration te (MIT) Snapshot

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11/25/13 - $0.11
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manufacturing integration te (MIT) Details

Manufacturing Integration Technology Ltd, an investment holding company, designs, develops, manufactures, and distributes automated equipment for the semiconductor industry worldwide. The company operates through two segments, Manufacturing and Distribution. Its products and services include semiconductor marking, sorting, and inspection solutions; vision inspection solutions for semiconductor and other electronics manufacturing applications; solutions for semiconductor and other industrial automation and capital equipment; and precision engineering, machining, and contract assembly services. The company also provides contract designing and manufacturing services for a range of industries, such as semiconductors, storage media, display, aerospace and other industrial automation, and high tech capital equipment; and solar equipment, such as laser scribers for the photovoltaic industry, as well as designs and manufactures medical equipment for the medtech industry. In addition it offers engineering and maintenance services to customers in the form of upgrading and retrofitting of existing equipment; and laser marking, and tape and reel systems. The company was founded in 1989 and is based in Singapore. Manufacturing Integration Technology Ltd is a subsidiary of MIT Technologies Pte Ltd.

256 Employees
Last Reported Date: 04/16/14
Founded in 1989

manufacturing integration te (MIT) Top Compensated Officers

Founder, Executive Chairman, Managing Directo...
Total Annual Compensation: $348.8K
Executive Vice President, Executive Director ...
Total Annual Compensation: $176.3K
Compensation as of Fiscal Year 2013.

manufacturing integration te (MIT) Key Developments

Manufacturing Integration Technology Ltd. Signs Solar Contracts Worth RMB 26.4 Million

The Board of Directors of Manufacturing Integration Technology Ltd. announced that the company has signed two contracts worth a total of RMB 26.4 million for the delivery of laser scribers and laser ablation equipment to an existing solar customer by end-2014. These contracts will be satisfied by drawing down from existing inventories resulting in a depletion of solar equipment inventories by year end. These contracts are expected to contribute positively to the company’s financial results for the financial year ending December 31, 2014.

Manufacturing Integration Technology Ltd. Launches New Vision Inspection Equipment Under its Smart Flex Series at Semicon Taiwan 2014 Show

The board of directors of Manufacturing Integration Technology Ltd. announced that the company has launched a new generation of vision inspection equipment under its Smart Flex series at the Semicon Taiwan 2014 Show in Taipei. Pre-marketing of this new series of equipment had been on-going and market reception has been encouraging. In this respect, the company announced that it has received an initial order for 11 new Smart Flex machines from an existing customer.

Manufacturing Integration Technology Ltd. Announces Unaudited Group Earnings Results for the Half Year Ended June 30, 2014

Manufacturing Integration Technology Ltd. announced unaudited group earnings results for the half year ended June 30, 2014. For the period, the company reported revenue of SGD 22,337,000 compared to SGD 13,195,000 a year ago. Profit before tax from continuing operations was SGD 802,000 compared to loss before tax from continuing operations of SGD 4,055,000 a year ago. Profit from continuing operations, net of tax was SGD 802,000 compared to loss from continuing operations, net of tax of SGD 4,055,000 a year ago. Total comprehensive income was SGD 675,000 compared to total comprehensive loss of SGD 3,892,000 a year ago. Net cash flow from operating activities was SGD 2,606,000 compared to net cash flow used in operating activities of SGD 6,186,000 a year ago. Purchase of plant and equipment was SGD 23,000 compared to SGD 663,000 a year ago. Development projects incurred was SGD 1,013,000 compared to SGD 141,000 a year ago. Basic and diluted EPS was 0.37 cents compared to basic and diluted LPS of 1.86 cents a year ago.


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