IKONICS Corporation a Duluth-based imaging technology company and Colour Scanner Technology GmbH a Krefeld, a Germany based manufacturer of advanced digital imaging equipment, today jointly announced a Strategic Alliance and Affiliation Agreement. Bill Ulland, Ikonics CEO, said, “This alliance joins Ikonics’ Digital Texturing (DTX) technology with Colour Scanner Technology’s new line of digital printers and…
DULUTH, MN – IKONICS Corporation (NASDAQ:IKNX), a Duluth based imaging technology company, reported record sales for the quarter ending September 30, 2010 of $4,141,000, a 6% increase over the third quarter of 2009. Earnings were $287,000 or $0.15 per share compared to a 2009 third quarter loss of $709,000 due to the write off of…
DULUTH, MN – IKONICS Corporation (NASDAQ:IKNX), a Duluth based imaging technology company, announced today that second quarter 2010 sales increased by 12% over the second quarter of 2009 and that earnings increased by 134% to $0.17 per share. For the six months ended June 30, 2010, sales were up 8% and net income increased by…
DULUTH, MN – IKONICS Corporation (NASDAQ:IKNX), a Duluth based imaging technology company, announced today the European patent office has granted IKONICS Corporation a patent on its digital texturing technology (DTX). The technology is a fundamentally new process for creating textures on injection molded parts, widely used in the automotive and other industries where textured surfaces…
DULUTH, MN – IKONICS Corporation (NASDAQ:IKNX), a Duluth based imaging technology company, announced today a 279% increase in 2010 first quarter earnings to $148,000, or $0.08 per share, compared to $53,000, or $0.03 per share, for the first quarter of 2009. Sales increased by 3.4% to $3,685,000. Bill Ulland, IKONICS CEO, commented that this was…
DULUTH, MN – IKONICS Corporation (NASDAQ:IKNX), a Duluth based imaging technology company, reported sales for 2009 of $15,122,000, a 4.6% decrease compared to 2008. Income from operations declined by 10% for the year to $870,000. Cash provided by operations grew by 22% to $1,374,000 over 2008. Reported income for the year was adversely affected by…