PHELPS, N.Y., March 23, 2010 (GLOBE NEWSWIRE) -- Z-AXIS, Inc. (http://www.zaxis.net), a wholly-owned subsidiary of Video Display Corporation (Nasdaq:VIDE), begins its February 28, 2011 fiscal year with a record backlog, more than 50% greater than the previous fiscal year. The US-based electronics design and manufacturing company achieved steady quarter-to-quarter growth during its fiscal year ended Feb. 28, 2010, and is planning for accelerated growth based on current bookings for products to be delivered this year.
"We placed several major contract design projects into full production last quarter, with more going into production in March and April," said Michael Allen, president of Z-AXIS. "Based on these multi-year production contracts alone, we anticipate this fiscal year to be our strongest fiscal year ever. We continue to have a record number of design projects in the pipeline that are expected to yield additional production orders."
With both design services and contract manufacturing in one facility, Z-AXIS serves as an on-shore, outsourced electronics product development team for high tech companies. Services include product concept development, feasibility studies, electronic circuit design, printed circuit board layout, prototype builds, pre-production runs and full-scale manufacturing.
Z-AXIS is currently adding to its manufacturing capacity to meet the demand. Over the past few months the company has invested in additional electronics manufacturing equipment and personnel for its design and manufacturing center in Western New York including:
- MyData high-speed pick-and-place line for inserting SMT components onto printed circuit boards, doubling the company's high-volume production capacity. A second MyData line will continue to support high-mix, low-volume production runs.
- Westek orbital aqueous cleaner for de-ionized water washing of printed circuit boards. The new closed-loop system has ten times the throughput of the older batch system it replaces, allowing the company to move higher volumes of printed circuit boards through the assembly process.
- New conformal coating system to seal electronic assemblies and protect them from moisture. This new capability for Z-AXIS is important to a number of customers, particularly those in the military and automotive markets.
"Ongoing investment in high-end equipment is part of our commitment to meeting our customers' needs," Allen said. "We believe that is an important factor for our continued growth." Additionally, the company has added to its staff in engineering, administration and production during the last quarter and has numerous openings for skilled electronics manufacturing personnel currently.
About Z-AXIS, Inc.
Z-AXIS Inc., a division of Video Display Corporation (Nasdaq:VIDE), provides quality design, prototyping and manufacturing services for complex electronic products and electromechanical assemblies. The company offers fast design turnaround, competitive NRE charges, rapid production and low freight costs from its 32,000 square foot design and manufacturing center near Rochester, New York. Z-AXIS also designs, manufactures and sells commercial and industrial products under its BEAR Power Supplies, Boundless Technologies and Display Concepts brands.
About Video Display Corporation
Video Display Corporation (http://www.videodisplay.com) designs, develops and manufactures unique solutions for display requirements for military, medical and industrial uses with emphasis on high-end training and simulation applications. Its product offerings include ruggedized LCOS, DLP LED, CRT and AMLCD displays as well as complete projection display systems utilizing VDC Display Systems' Marquee(TM) and ESCP line of projectors. Video Display Corporation operates eight sales, design and manufacturing facilities throughout the United States and Europe.