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Stock impact report

Sono-Tek Announces $600K Multi-System Order From Innovative Medical Technology Customer, First Part of Expected Multi-Phase Program

Sono-Tek Corporation (SOTK) 
NASDAQ:AMEX Investor Relations: sono-tek.com/investor-relations
Company Research Source: GlobeNewswire
Order Expected to be Shipped in Current Fiscal Year MILTON, NY, March 08, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Sono-Tek Corporation (Nasdaq: SOTK), the leading developer and manufacturer of ultrasonic coating systems, today announced that it has received a $0.6 million order from a medical device manufacturer, the first part of an expected multi-phase program for additional machines. The $0.6 million multi-system order is from an existing customer that previously purchased several identical Sono-Tek machines to manufacture its products and is now continuing to ramp up capacity to meet growing customer demand. The innovative medical technology company worked with Sono-Tek’s application engineers to perfect the coating process that applies proprietary thin films onto a critical drug delivery device. Sono-Tek anticipates shipping the order in FY2024, the current fiscal year that ends February 28, 2024. Steve Harshbarger, President and COO, commented, “We’re excited to announc Show less Read more
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