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Salvo Technologies Announces the Formation of Torrent Photonics
January 1, 2024 | PRNewswireEstimated reading time: Less than a minute
Salvo Technologies announced today the formation of Torrent Photonics LLC. The formation of Torrent is the result of the Company's integration of its photonics entities into a newly formed business dedicated solely to the Photonics industry.
Torrent will be focused on providing best-in-class engineering and vertically integrated manufacturing capabilities for the defense, security, medical, industrial, and commercial end markets. Torrent through acquisitions and organic growth has rapidly ascended into being one of the largest, independent, diversified Photonics platforms with global manufacturing capabilities.
Torrent CEO John Dougherty states, "Our growth rate has been tremendous since our start in 2006. This growth has been fueled by key acquisitions like Pixelteq, Arrow Thin Films, Kreisher Optics and Graflex. Beyond acquisitions, the group has demonstrated a consistent track record of organic growth, with 25% growth experienced in 2023 alone. The focus in 2024 and beyond will be to build a focused, integrated organization that continues developing and manufacturing robust and innovative systems for our worldwide customer base."
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09/27/2024 | Nolan Johnson, I-Connect007If you know Dave Hoover of TTM, then I am honored to inform you that he has retired from the industry as of this week. But we can keep tabs on him through his weekly online blues radio program “Groovy Hoovy’s Different Shades of Blue Radio and Video Show.” Congratulations on your transition to “civilian” life, Dave.
IDC Forecasts Continued Growth for Wearables But Growth Will Be Uneven Across Product Categories
09/27/2024 | IDCWorldwide wearable device shipments are forecast to grow 6.1% year over year in 2024 to 537.9 million units according to new data from the International Data Corporation (IDC) Worldwide Quarterly Wearable Device Tracker.
Flex Named to TIME's World's Best Companies List for Second Consecutive Year
09/26/2024 | FlexFlex announced its inclusion on TIME's 2024 World's Best Companies list, a comprehensive analysis conducted to identify the top performing companies across the globe.
Vishay Intertechnology Implements Restructuring Actions
09/25/2024 | Vishay IntertechnologyVishay Intertechnology, Inc., one of the world's largest manufacturers of discrete semiconductors and passive components, announced that it is implementing restructuring actions designed to optimize the Company’s manufacturing footprint and streamline business decision making as it executes its Vishay 3.0 growth strategy.
IDC Tracker: Used Smartphone Shipments Grew 6.4% in 2023 as Secondary Market Thrives Globally
09/25/2024 | IDCMore than 195 million used smartphones, including officially refurbished and used smartphones, were shipped into the market in 2023, an increase of 6.4% compared to 2022. The value of these shipments was $72.9 billion, up 12.4% year over year, according to data from the newly launched Worldwide Quarterly Used Device Tracker from International Data Corporation (IDC).