Sono | Jotup

Sono-Tek Reports 50% Increase in Q2 Fiscal 2024 Net Sales to Record $5.6 Million and Provides Sales Guidance for Fiscal Year 2024

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Thursday, October 12, 2023

MILTON, NY, Oct. 12, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Sono-Tek Corporation (Nasdaq: SOTK), the leading developer and manufacturer of ultrasonic coating systems, today reported financial results for the second quarter and first half of fiscal year 2024, ended August 31, 2023.

Key Points:

Sono-Tek platforms are used in the manufacturing of critical membranes for carbon capture, green hydrogen generation and fuel cell applications.
Approximately 57% of sales were to the U.S. and Canada compared to 44% in the comparable period of fiscal 2023.
Gross profit was $2,801,000, an increase of 48% compared with $1,896,000 for the second quarter of fiscal 2023.
Gross profit increased 14% to $4,578,000 for the first half of fiscal 2024 compared with $4,003,000 in the first half of fiscal 2023.

NFL's Willie Colon Golf Outing Drives Lupus Awareness with LRA

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Monday, July 17, 2023

SUMMIT, N.J., July 17, 2023 /PRNewswire/ -- Former Super Bowl Champion and Mad Dog Sports radio personality Willie Colon is hosting today the 9th Annual Willie Colon Golf Outing crafted by Tito's Handmade Vodka for the Lupus Research Alliance (LRA).

Key Points:

SUMMIT, N.J., July 17, 2023 /PRNewswire/ -- Former Super Bowl Champion and Mad Dog Sports radio personality Willie Colon is hosting today the 9th Annual Willie Colon Golf Outing crafted by Tito's Handmade Vodka for the Lupus Research Alliance (LRA).
The event drives lupus awareness and tees up the opening of the Fall season of the grassroots fundraising program for the Lupus Research Alliance (LRA).
The anticipated $400,000 raised will support the LRA's Jean Davis Research Grant in memory of Mr. Colon's late mother Jean Davis, who had lupus.
"I know my mom would have been pleased to see so many friends here helping to raise awareness of lupus and funds to bring others new treatments that can transform lives," noted Mr. Colon.

Following Pivot to a Pure Solar Tech Company, Members of Sono Group N.V.’s Supervisory Board Resign

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Friday, April 21, 2023

B2B, Sono Motors, Sono, Community, Sion, Entrepreneurship, Property management

This has led to a shift in the Company’s business model and operations away from its supervisory board members’ strong expertise in the areas of automotive, digitalization, and Community-focus.

Key Points:

This has led to a shift in the Company’s business model and operations away from its supervisory board members’ strong expertise in the areas of automotive, digitalization, and Community-focus.
Against this background four members of the Company’s supervisory board, Chair Martina Buchhauser, Vice-Chair Robert Jeffe, Arnd Schwierholz, and Community Representative Sebastian Böttger, today, 21 April 2023, announced their resignation with immediate effect.
We are very grateful for the dedication they’ve shown to our mission in the past and wish them all the best for the future.”
Johannes Tischler, who was nominated to the supervisory board by Laurin Hahn, will continue to serve on the Company’s supervisory board and the supervisory board can thus continue to perform its duties.
As a consequence of the resignation of all members of the Company’s supervisory board except Johannes Trischler described above, the Company will not have any supervisory board committees until new candidates for the Company’s supervisory board have been identified and appointed.

Third Quarter 2022: Increase in Reservations and Multiple International Partnerships Signed

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Thursday, December 8, 2022

In the third quarter of 2022, the Company’s proprietary solar technology continued to benefit from significant interest, which led to a further increase in customer arrangements.

Key Points:

In the third quarter of 2022, the Company’s proprietary solar technology continued to benefit from significant interest, which led to a further increase in customer arrangements.
Compared to the third quarter of 2021, the Company signed an additional four letters of intent and 12 purchase orders.
Net loss totaled €43.5 million and €0.50 loss per share in the third quarter of 2022 (third quarter of 2021: €18.0 million and €0.29).
Subsequent to the third quarter of 2022, Sono Motors announced its partnerships with tier one automotive suppliers Bosch and Continental.

Sono Motors and Bosch Automotive Aftermarket Confirm Long-term Europe-wide Partnership

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Thursday, November 10, 2022

During the Launch Phase in Germany, 50 Bosch Car Services Will Be Trained and Qualified as Authorized Service Centers for the Sion, Sono Motors Solar Electric Vehicle.

Key Points:

During the Launch Phase in Germany, 50 Bosch Car Services Will Be Trained and Qualified as Authorized Service Centers for the Sion, Sono Motors Solar Electric Vehicle.
The staff at Bosch partner workshops will receive comprehensive prior training from Sono Motors after which they will be authorized to perform repairs on high-voltage, photovoltaic, and safety systems with the assistance of, if necessary, Sono Motors Technical Field Service.
All of this makes Bosch a perfect partner for Sono Motors in order to offer our customers comprehensive, Europe-wide services, says Laurin Hahn, CEO and co-founder of Sono Motors.
The innovative technology and skills provided by Sono Motors to the Bosch Car Service network ensures that customers will receive reliable services for their vehicles.

Sono-Tek Announces $1.1 Million Order from Clean Energy Sector

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Tuesday, August 16, 2022

Sono, Glass, Travel, Carbon, GLOBE, R, Growth, Investment, Workforce, Unemployment, Engineering, COVID-19, Contract, COO, Water, Maintenance, News, Nasdaq, Solution, Renewable energy

MILTON, NY, Aug. 16, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Sono-Tek Corporation (Nasdaq: SOTK), the leading developer and manufacturer of ultrasonic coating systems, today announced that it has received an order valued at $1.1 million from a customer in the clean energy sector.

Key Points:

MILTON, NY, Aug. 16, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire Sono-Tek Corporation (Nasdaq: SOTK), the leading developer and manufacturer of ultrasonic coating systems, today announced that it has received an order valued at $1.1 million from a customer in the clean energy sector.
This is the largest order that Sono-Tek has received from the clean energy sector to date, one of the Companys target sectors for growth.
Steve Harshbarger, President and COO of Sono-Tek, commented, Were excited to receive this substantial order that validates the investments weve made to serve the clean energy sector.
Significant investments from governments around the world are driving demand for clean energy products.

Sono-Tek Reports Increased Sales and Operating Income for First Quarter Fiscal 2023 and Provides Second Quarter and Fiscal 2023 Sales Guidance

Retrieved on:

Monday, July 18, 2022

MILTON, NY, July 18, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Sono-Tek Corporation (Nasdaq: SOTK), the leading developer and manufacturer of ultrasonic coating systems, today reported financial results for its first quarter period of fiscal year 2023, ended May 31, 2022.

Key Points:

The alternative energy market basket recorded 41% year-over-year growth with continued strong sales to the clean energy sector.
In the first quarter of fiscal 2023, approximately 52% of sales originated outside of the United States and Canada compared with 66% in the prior year period.
The shift in geographic mix was positively impacted by the installation of Sono-Tek equipment in the operations of several large U.S.-based medical companies.
Gross profit increased 16% to $2,107,000 for the first quarter of fiscal year 2023 compared with $1,824,000 for the first quarter of fiscal year 2022.

Sono Motors and CHEREAU Sign Contract to Enter the Market for Solar-Powered Refrigerated Trailers

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Wednesday, June 1, 2022

The company signed a purchase contract with The Reefer Group, an international leader in refrigerated bodies, extending the number of total partners of Sono Motors Solar business unit to more than 17 globally.

Key Points:

The company signed a purchase contract with The Reefer Group, an international leader in refrigerated bodies, extending the number of total partners of Sono Motors Solar business unit to more than 17 globally.
As part of this collaboration, the companies will build a first trailer vehicle with the Reefer Groups French subsidiary CHEREAU S.A.S.
The solar integration solutions provided by Sono Motors are the perfect fit for our trailers.
Sono Solar Sono Motors solar business unit is a one-stop shop for solar integration in vehicles, with the mission to make every vehicle a solar vehicle.

Full Year 2021 Corporate Update: Sono Motors Solar Technology Delivered to Several Partners and Sion Production Capacity Secured

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Tuesday, April 19, 2022

Signed a Contract Manufacturer With Years of Experience in Production for Premium OEMs, Which Will Provide Production Capacity for 257,000 Cars Within 7 Years.

Key Points:

Signed a Contract Manufacturer With Years of Experience in Production for Premium OEMs, Which Will Provide Production Capacity for 257,000 Cars Within 7 Years.
Were scaling up our Sono Solar business, have delivered several products to B2B customers in the last months, and thus generated first revenues.
The launch of the Sono app on 6 December 2021 enabled Sono Motors to expand its app beyond the Sion.
Sono Motors delivered its innovative solar technology to several customers including Munichs public transport provider MVG.

AMC Theatres® Continues Its Theatre Acquisition Strategy, Acquires Seven Locations and 66 Screens in Connecticut, Upstate New York and Annapolis, Maryland

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Tuesday, April 12, 2022

Marquis 16, Royale 6, SoNo 8 (formerly Regent 8), Majestic 6 and Landmark 8 join the AMC circuit in the Connecticut market.

Key Points:

Marquis 16, Royale 6, SoNo 8 (formerly Regent 8), Majestic 6 and Landmark 8 join the AMC circuit in the Connecticut market.
In addition, AMC adds Saratoga Springs 11 in upstate New York and Annapolis Mall 11 in Annapolis, Maryland.
AMC intends to retain all theatre associates at the newly acquired theatres.
Our theatre acquisition strategy makes AMC a better and stronger company as we move forward on our glidepath to recovery.