The Knowledge Base: The Era of Advanced Packaging
Standard of Excellence: Finding and Developing Future Leaders in Manufacturing
Global Sourcing Spotlight: Navigating the Variables of Holiday Schedules in Global Sourcing
US Lighting Group, Intellitronix Corporation Finish 2020 on Positive Note
January 12, 2021 | Globe NewswireEstimated reading time: Less than a minute
U.S. Lighting Group, Inc. and its wholly owned subsidiary, Intellitronix Corporation, experienced a record-breaking year in sales, products manufactured, and products shipped in 2020. In the opinion of the company’s management, the US Lighting Group will be profitable anticipating approximately $4 million in gross sales, an estimated $1.4 million or 50% increase over 2019.
“The US Lighting Group had an outstanding year in 2020 with roughly $4 million dollars in gross sales. We surpassed prior year records with products shipped out the door in Q3 and Q4. Many businesses experienced a downturn during the COVID-19 global pandemic, but we were very fortunate to have the opposite occur. At one point, we had a backlog of orders valued over $900,000. To strengthen our production process, we purchased a new Speed Print Technology 700 Series screen printer and high speed Europlacer iineo+ SMT Component Placement System, increasing our printed circuit board (PCB) output three-fold.” said Paul Spivak, CEO of the US Lighting Group.
The US Lighting Group is a US designer and manufacturer of commercial LED lighting products, automotive and patented marine electronics, groundbreaking energy management products for the RV industry.
Share on:
Suggested Items
IDC: China Becomes the Largest Wrist-Worn Device Market, Leading Global Growth
12/26/2024 | IDCAccording to the latest Worldwide Wearables Quarterly Tracker released by International Data Corporation (IDC), the global wrist-worn device market shipped 139.0 million units in the first three quarters of 2024, a year-over-year decline of 1.0%, mainly due to the homogenization of competition and market saturation in India and the United States.
Murata to Acquire Sensoride Corporation
12/25/2024 | MurataMurata Manufacturing Co., Ltd. announces that Murata Electronics North America, Inc., a subsidiary of Murata, has entered into an agreement to acquire Sensoride Corporation (hereinafter referred to as 'Sensoride') on December 20, 2024, U.S. time.
Avnet Insights: Engineers Outline Opportunity for AI
12/19/2024 | AvnetFor the fourth consecutive year, Avnet, Inc. (Nasdaq: AVT) will release its Avnet Insights survey, which has been keeping a pulse on how engineers are responding to the market since 2021. This year’s survey examines technology’s new frontier: Artificial Intelligence, and the promise – and challenges – it presents for product design.
Liquid AI Raises $250M to Scale Capable and Efficient General-purpose AI
12/16/2024 | Liquid AILiquid AI announces a Series A round of financing with AMD Ventures as strategic lead.
MicroCare Welcomes Dagmara Charyk as Regulatory Affairs Manager
12/13/2024 | MicroCare Corp.MicroCare, a leading provider of critical cleaning solutions, is excited to announce the appointment of Dagmara Charyk as the new Regulatory Affairs Manager. In this key role, Dagmara will oversee regulatory compliance, product registrations, and industry standards, further strengthening the MicroCare commitment to delivering safe and effective products to its customers.