-
- News
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueComing to Terms With AI
In this issue, we examine the profound effect artificial intelligence and machine learning are having on manufacturing and business processes. We follow technology, innovation, and money as automation becomes the new key indicator of growth in our industry.
Box Build
One trend is to add box build and final assembly to your product offering. In this issue, we explore the opportunities and risks of adding system assembly to your service portfolio.
IPC APEX EXPO 2024 Pre-show
This month’s issue devotes its pages to a comprehensive preview of the IPC APEX EXPO 2024 event. Whether your role is technical or business, if you're new-to-the-industry or seasoned veteran, you'll find value throughout this program.
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - smt007 Magazine
M-Wave Announces Update In Its Restructuring
February 6, 2004 |Estimated reading time: Less than a minute
West Chicago, Ill. — M-Wave Inc. announces a new development in its restructuring.
The company presently owes Bank One, NA $2.5 million, which by agreement was originally due and payable December 31, 2003, but had been extended to January 31, 2004. The collateral securing the obligation includes the company's property, plant and equipment located in West Chicago, Ill.and the property and former plant located in Bensenville, Ill. The company presently pays interest on this obligation at the prevailing Prime Rate of interest plus one-half percent.
The company and the bank have entered into a further extension of the loan until February 10, 2004.
M-Wave is a value-added service provider of high performance circuit boards. For more information, visit www.mwav.com.