DULUTH, MN – IKONICS Corporation (NASDAQ:IKNX), a Duluth based imaging technology company, reported record sales for 2011 of $16,780,000, a 2% increase over 2010. Net income declined by 37% to $698,000, or $0.35 per share. Bill Ulland, Ikonics CEO, said, “This was a disappointing year. Because of competitive pressure in our screen printing business, we…
DULUTH, MN – IKONICS Corporation (NASDAQ:IKNX), a Duluth-based imaging technology company, announced the launching of its new website for the company’s IKONICS Imaging Division. The newly redesigned site, www.ikonicsimaging.com, is a valuable source for product information and technical data. Incorporating four key components to the redesign—enhanced e-store, search engine optimization (SEO), navigation, and overall design—the…
DULUTH, MN – IKONICS Corporation (NASDAQ:IKNX), a Duluth based imaging technology company, announced record sales for 2010 of $16,517,000, a 9% increase over 2009 and earnings of $1,114,000 or $0.56 per share compared to a loss of $0.16 per share in 2009. The 2009 loss was caused by the write-off of an investment in Imaging…
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…
DULUTH, MN – IKONICS Corporation, a Duluth based imaging technology company, announced today that Lockwood Carlson has been appointed as a director; expanding the Company’s Board of Directors by one. Mr. Carlson will stand for re-election as a director at the 2009 annual meeting of shareholders, together with all of the Company’s other current directors….
DULUTH, MN – IKONICS Corporation, a Duluth-based imaging technology company, announced the hiring of Marty Medvetz as Ohio Valley Region Technical Sales Representative for the company’s Chromaline Screen Print Products Division. Marty will serve states in the Ohio valley region of the United States, including Illinois, Indiana, Michigan (lower) and Ohio. Additionally, Marty serves Toronto,…
DULUTH, MN – IKONICS Corporation, a Duluth-based imaging technology company, announced today that on December 29, 2006, it acquired, from Franklin International of Columbus, Ohio, its Image Mate™ line of screen printing products. For 2006, Image Mate sales are estimated to be $600,000. The Image Mate assets, including inventory, were purchased for $380,000 in cash,…
DULUTH, MN – IKONICS Corporation, a Duluth based imaging technology company, announced today that it has joined with Imaging Technology International (iTi) in a joint development agreement to create a unique inkjet system based on iTi’s equipment technology and IKONICS’ substrate technology. Bill Ulland, IKONICS’ CEO, said that the project was proceeding on schedule and…
DULUTH, MN – IKONICS Corporation, a Duluth based imaging technology company, announced today the launch of New IKONMetal, a metal-matrix composite engineered to accommodate engraving, routing and sandblasting—all of which are technologies commonly used in the signage and awards & recognition industries for the creation and decoration of custom signage, trophies, awards, plaques, etc. While…