Waterloo, Ontario - DALSA Corporation (TSX:DSA) today announced that it is continuing to see strong product demand in its Digital Imaging and Semiconductor businesses and is expecting to report a sharp increase in revenue and earnings in the first quarter of 2008.
In the Digital Imaging business the Company continues to see robust bookings in the flat panel display inspection end market, and is winning market share with key new products in the higher volume industrial segment. In the Semiconductor business, high demand from MEMS customers as well as strong shipments of advanced CMOS wafers are driving increased revenues and profitability.
“We are making a strong comeback in 2008 thanks to a combination of robust product demand across the board in our core businesses, our refocus on operational efficiency and product mix, improved currency stability, and our solid market leadership position,” commented Brian Doody, Chief Executive Officer of DALSA Corporation. “In September, I shared with you our plans to improve the operating results of our core operations in 2008. I am pleased to report that for the first time in DALSA’s history we are expecting revenues of greater than $50 million in the first quarter. On the earnings front, we are anticipating at least $0.17 per share on a consolidated basis, fully diluted. These anticipated results and our positive outlook are a strong indication that we are delivering on our commitment to operate the core businesses at their traditional levels of profitability.”
First Quarter 2008 Financial Results and Conference Call Information
The Company will release its First Quarter 2008 financial results at 4:00pm ET on Wednesday, April 30, 2008. A conference call to discuss the results will be held the same day at 5:00pm ET. The conference call, followed by the question and answer period, will be broadcast live and open to anyone interested in listening at http://events.onlinebroadcasting.com/dalsa/043008/index.php.
The phone numbers for those who wish to participate in the question and answer period are as follows:
Live Conference Access Information:
Local Access: 416-641-6136
Toll-Free Access: 866-223-7781
Instant Replay Access information:
Local Access: 416-695-5800
Toll-Free Access: 800-408-3053
Expiry Date: May 06, 2008
About DALSA Corporation
DALSA is an international leader in high performance digital imaging and semiconductors with approximately 1000 employees world-wide. Established in 1980, the company designs, develops, manufactures, and markets digital imaging products and solutions, in addition to providing semiconductor products and services. DALSA's core competencies are in specialized integrated circuit and electronics technology, software, and highly engineered semiconductor wafer processing. Products and services include image sensor components (CCD and CMOS); electronic digital cameras; vision processors; image processing software; and semiconductor wafer foundry services for use in MEMS, high-voltage semiconductors, image sensors and mixed-signal CMOS chips. DALSA is listed on the Toronto Stock Exchange under the symbol “DSA” and has its corporate offices in Waterloo, Ontario, Canada.
For more information, please contact:
Director, Corporate Communications
Tel: (519) 886-6001 Ext. 2177
Fax: (519) 886-3972
Some of the statements in this presentation, including those relating to the company’s strategies and other statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, or similar expressions, are forward-looking statements within the meaning of securities law. Actual results may differ materially from those currently anticipated. Investors are cautioned that such forward-looking statements involve risks and uncertainties. Important factors that could cause actual results to differ materially from those expressed or implied by such forward looking statements are detailed from time to time in DALSA’s periodic reports filed with the Ontario Securities Commission and other regulatory authorities. Investors should read review the Business Risks and Prospects sections of the DALSA 2007 annual Management’s Discussion and Analysis (“MD&A”) to understand the assumptions, risks and uncertainties inherent in forward looking information or statements. DALSA has no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.