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Astro-Med Inc., maker of specialty printers and data-acquisition systems, posted net income of $10.6 million, or $1.42 per diluted share, for the fiscal 2013 period, a gain of 239 percent on its fiscal 2012 results.
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Rhode Island received more than one failing grade in the 2012 Manufacturing and Logistics National Report from Ball State University’s Center for Business and Economic Research.
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By Emily Greenhalgh |
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Profit for Astro-Med Inc. dropped 5.6 percent to $987,000, or 13 cents per diluted share, during the second quarter of 2012, compared with $1.05 million, or 14 cents per diluted share, during the second quarter of 2011.
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Deepwater Wind LLC has signed a new lease agreement with the Quonset Development Corporation for a turbine-manufacturing facility and office space in the Quonset Business Park in North Kingstown. The move positions the company to develop a proposed 150-turbine wind farm off the Rhode Island coast, but only after a much-smaller demonstration project the company hopes can be built in the next two years.
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By Michael Souza |
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The Northern Rhode Island Chamber of Commerce’s 22nd annual dinner attracted 370 to see a number of their membership feted and hear a speech by an officer of the U.S. Chamber of Commerce that played up the role of manufacturing in the U.S.
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By Mark S. Murphy |
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Medical technology maker Covidien PLC reported first-quarter earnings of $493 million, or $1.03 per diluted share, a slight decrease from the $494 million, or $1.02 per diluted share, reported for the first-quarter of its fiscal 2012.
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By PBN Staff
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San Carlos, Calif.-based Natus Medical Inc. has entered into a definitive agreement to acquire the Grass Technologies product group from technology manufacturer Astro-Med Inc. for $18.6 million, the companies announced Monday.
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By PBN Staff
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(Updated, 1:15 p.m.) The Kopin Corp. has announced an agreement to sell assets relating to its III-V heterojunction bipolar transistors to IQE PLC, a leading U.K. designer and supplier of advanced semiconductor wafers, for $75 million.
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By PBN Staff
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ATW Companies, a provider of highly engineered metal manufacturing solutions, has relocated its Metalform product line manufacturing operations to ATW’s Rhode Island facility.
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By PBN Staff
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Chronic delays and concerns over poor workmanship have prompted Massachusetts Bay Transportation Authority official to threaten cancelation of the $190 million double-decker rail car construction contract with Hyundai Rotem, the Boston Globe reported.
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By PBN Staff
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