Key Developments For Data I/O Corp
Data I/O Corp (DAIO.O) (Consolidated Issue listed on NASDAQ Capital Market)
Data I/O Corporation Announces New Distribution Partnership With Le Champ Pte Ltd. In SE Asia
Data I/O Corporation announced that it has completed a distribution agreement with Le Champ Pte Ltd. Headquartered in Singapore with offices and customers across South and South East Asia, Le Champ will represent Data I/O in Singapore, Malaysia, Thailand, Indonesia and Vietnam.
Data I/O Corporation Announces New Sales Representative Partnership With iTECH II, LLC, Inc. in North Carolina and South Carolina
Data I/O Corporation announced that it has completed a sales representative agreement with iTECH II, LLC. iTECH II, LLC will represent Data I/O in North Carolina and South Carolina's electronics assembly market.
Data I/O Corporation Announces Stock Repurchase Program
Data I/O Corporation announced that on December 16, 2008 its board of directors has authorized a stock repurchase program of up to 1 million shares of common stock. The shares will be purchased in the open market, by block purchases or in private transactions, based on prevailing market conditions and price limits, and the stock repurchase program is authorized for the year 2009. The program may be suspended or discontinued at any time. The Company had approximately 8.9 million shares of common stock outstanding as of December 22, 2008. The shares repurchased will be available for re-issuance to satisfy employee stock plans and for other corporate purposes. The board also approved entering into a Rule 10b5-1 trading plan, which allows the Company to repurchase the Company's common stock in the open market during periods in which stock trading is otherwise closed for the Company. The discretionary repurchase provisions and the 10b5-1 provisions of the program will be effective starting January 5, 2009.
Zollner Elektronik AG Purchases Data I/O Corporation's PS588 Automated Programming/Handling System
Data I/O Corporation announced Zollner Elektronik AG, a new customer for Data I/O, has purchased a customized solution in the PS588 automated programming/handling system. The configuration of the system allows Zollner to utilize various combinations of input and / or output media including tube, tray, and tape.
Data I/O Corporation Announces Order From Stoneridge Corporation
Data I/O Corporation announced that it has received a purchase order for a PS288 Automotive Performance Programming Solution from a major provider of automotive electronics in Scandinavia.
