Scientific Technologies Inc. Announces Preliminary Unaudited Record Revenues for the Fourth Quarter and Year Ended December 31,
20 1월 2006 - 10:30PM
Business Wire
Scientific Technologies Incorporated (Nasdaq:STIZ), a leading North
American provider of automation safeguarding technology, announced
today that it expects to report fourth-quarter revenues between
$16.7 and $17.0 million, an 11% to 13% increase over the $15
million recorded in the prior quarter and a 24% to 26% increase
over the $13.5 million recorded in the fourth quarter of 2004.
Sales for the year ended December 31, 2005, are expected to be
between $60.9 and $61.2 million, a 4% to 5% increase over the $58.4
million recorded for the year ended December 31, 2004. Joseph J.
Lazzara, President and Chief Executive Officer, commented, "We
anticipate that the Company's revenue results for the fourth
quarter and fiscal year will set both a new quarterly revenue
record and a record for the fiscal year. We are very pleased that
both our Safety Products Group and Automation Products Group
performed admirably during this final quarter of 2005 to make these
records a reality, ending 2005 with an encouraging quarter." STI
cautions that its anticipated results are preliminary and
unaudited, based on the best information currently available, and
are subject to the completion of preparation of the financial
statements and the audit of its year-end financial results. STI
expects to announce final results of operations for the year ended
December 31, 2005, on or about March 10, 2006. About Scientific
Technologies Inc. Scientific Technologies, Inc. (STI) is a North
American leading provider of automation safeguarding products and
services through its Safety Products Group. STI's Optical Sensor
Division (OSD) provides safety products that are used to protect
workers around machinery, automated equipment and industrial
robots. Our products serve a wide variety of applications and
markets, including semiconductor, automotive, electronics
manufacturing, packaging and consumer markets. STI's Machine
Services Division (MSD) provides safety services such as
safeguarding equipment installations, machine safety assessments,
and the design and custom fabrication of guarding solutions. MSD
specializes in machinery services, including the repair,
relocation, installation and service of fabricating machinery. MSD
serves customers in a variety of industries, including metal
fabrication, aerospace, electronics, building materials, automotive
and food processing. Our web site is located at www.sti.com STI's
Automation Products Group serves the factory automation,
semiconductor, transportation, oil and gas, consumer and food
processing industries with a diversified offering of sensing
technologies. Products include level, flow, pressure sensing,
positioning transducers, vehicle separation, profiling and
ultrasonic sensors and controls. Further information is available
at the Group's web sites: www.automationsensors.com and
www.stiscanners.com. Forward-Looking Statements Certain statements
in this press release, including statements regarding preliminary,
unaudited revenue figures for the fourth quarter and full year
ended December 31, 2005, are forward-looking statements that are
subject to risks and uncertainties. These risks and uncertainties,
which could cause STI's results to differ materially from the
forward-looking statements, include: economic and political
conditions in domestic and international markets; declining market
demand for industrial safety and security products generally;
introduction of or increased demand for alternative products;
potential errors, defects, design flaws or other problems with our
products; changes in regulations relating to industrial safety and
security products; and the other risks detailed from time to time
in STI's Securities and Exchange Commission filings and reports,
including STI's annual report filed on Form 10-K and quarterly
reports filed on Form 10-Q. STI disclaims any obligation to update
information contained in any forward-looking statement.
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