According to Dr. Coccio, �We have spent the last year building technical infrastructure and intellectual property, improving laboratory and other facilities and ramping up trade show presence and our sales organization. This has all been part of a very aggressive program to take the Company to new levels, and we will continue it in spite of the difficulties facing the economy. Nonetheless, we will be looking at each part of the program for costs and results, deferring some items to preserve cash until economic conditions improve. We will continue to be on the offensive for new opportunities, but at the same time, manage program spending during the current period of uncertainty in the economy.�
Recent developments included two awards for the Company. The first was the SMTA Award for best new product, given for the SonoFlux 2000FP 660, a new programmable fluxing machine that is capable of handling printed circuit boards up to 24 inches in width, and which can be automatically switched to other size boards during operations. The second award was the selection of Dr. Coccio for one of the �Best CEO� awards for 2008, based on the Company's financial performance over the past five years. This award was given by Demarche Associates and was awarded to approximately 200 firms out of the 8,000 large and small companies in the S & P Compustat database.
For further information, contact Dr. Christopher L. Coccio, at 845-795-2020, or visit our website at http://www.sono-tek.com
Sono-Tek Corporation is a leading developer and manufacturer of liquid spray products based on its proprietary ultrasonic nozzle technology. Founded in 1975, the Company's products have long been recognized for their performance, quality, and reliability.