(November 20, 2009 Milton, NY) Sono-Tek Corporation (OTC BB: SOTK) embarked on a strategic growth program last year with the goal of becoming the world leader of ultrasonic coating systems for energy applications, such as fuel cells and solar cells.
18 months into the program, we are pleased to announce that we have met and/or exceeded all the major targets set in the program – sales goals, new products creation, and acceptance of Sono-Tek products for use in high volume production with major advanced energy suppliers.
Several new products were successfully introduced, including two systems for fuel cell manufacturing (FlexiCoat FC, ExactaCoat FC) and three new systems for solar cell manufacturing (HyperSonic, ExactaCoat SC, SelectaFlux SC). These new systems range in price from $15,000 – $150,000.
Steve Harshbarger, Director of the Advanced Energy and Electronics Division of Sono-Tek stated, “The past 18 months have been quite exciting for Sono-Tek in the advanced energy markets. Today we have a line of new ultrasonic spray coating products which are considered state-of-the-art technology in the Advanced Energy Industry. We have a team of experts in the fuel cell and solar cell manufacturing processes, and the infrastructure to design, build and install world class custom solutions for our clients. We added nearly 100 new customers in the energy markets, and many of these companies are some of the largest fuel cell and solar cell manufacturers in the world. We have also successfully set up relationships with several premier universities and research institutions that are at the leading edge of R&D of advanced energy products.”
For further information, contact Dr. Christopher L. Coccio, at 845-795-2020, or visit our website at www.sono-tek.com.
Sono-Tek Corporation is a leading developer and manufacturer of liquid spray products based on its proprietary ultrasonic nozzle technology. Founded in 1975, the Company’s products have long been recognized for their performance, quality, and reliability.
This release contains forward looking statements regarding future events and the future performance of Sono-Tek Corporation that involve risks and uncertainties that could cause actual results to differ materially. These factors include, among other considerations, general economic and business conditions; political, regulatory, competitive and technological developments affecting the Company’s operations or the demand for its products; timely development and market acceptance of new products; adequacy of financing; capacity additions, restoration of profitability and the ability to enforce patents. We refer you to documents that the company files with the Securities and Exchange Commission, which includes Form 10-K and Form 10-Qs containing additional important information.