| Business Summary | | Sono-Tek
Corporation
was
incorporated
for
the
purpose
of
engaging
in
the
development,
manufacture
and
sale
of
ultrasonic
liquid
atomizing
nozzles.
During
Fiscal
Year
2000,
the
Company
was
engaged
in
two
industry
segments,
spraying
systems
and
cleaning
and
drying
systems.
The
Company's
spraying
systems
segment
is
engaged
in
the
business
of
developing,
manufacturing,
marketing,
selling,
installing
and
servicing
ultrasonic
spray
equipment.
The
Company's
cleaning
and
drying
systems
segment
is
engaged
in
the
business
of
developing,
manufacturing,
marketing,
selling,
installing
and
servicing
cleaning
and
drying
systems
for
the
semiconductor,
disk
drive
and
precision
cleaning
industries. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | SOTK
is
engaged
in
the
development,
manufacture,
assembly
and
sale
of
ultrasonic
liquid
atomizing
nozzle
systems
that
atomize
low
to
medium
viscosity
liquids
used
in
industrial
spray
processes.
For
the
nine
months
ended
11/00,
net
sales
rose
71%
to
$6.3
million.
Net
loss
totaled
$115
thousand,
up
from
$31
thousand.
Revenues
reflect
the
new
sales
of
cleaning
and
drying
systems
and
increased
sales
of
SonoFlux
Systems.
Net
loss
reflects
higher
R&D
expenses
due
to
a
larger
staff. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Christopher Coccio, 58 | Acting
Pres and CEO, Director | Kathleen Martin, 47 | CFO
and Treasurer | William McCormick, 43 | VP |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|