Sono-Tek Corporation secures $2.8 million order for advanced medical coating systems from a major U.S. manufacturer, enhancing production capabilities.
Quiver AI Summary
Sono-Tek Corporation has announced a purchase order worth over $2.8 million from a major U.S.-based medical device manufacturer, which is an existing customer expanding production. The order includes several advanced ExactaCoat MD systems, featuring enhanced capabilities compared to earlier models, and these will augment the customer's existing Sono-Tek equipment. Deliveries are expected to start in early 2026 and be completed within the first half of the year. CEO Steve Harshbarger emphasized the importance of this order in reflecting the trust that medical device manufacturers have in Sono-Tek as they advance healthcare technology production. This latest order also diversifies Sono-Tek's customer base and reinforces the company's strong position in the medical device sector, which is a key component of its long-term growth strategy.
Potential Positives
- Received a purchase order valued at over $2.8 million from a major U.S.-based medical device manufacturer, indicating strong demand and customer trust in Sono-Tek's products.
- The new systems being ordered have expanded capabilities, showcasing the company's ability to innovate and provide advanced solutions for its customers.
- This order broadens Sono-Tek's customer base, highlighting the company's ability to capture repeat business while mitigating reliance on a single client.
- The press release emphasizes Sono-Tek's strong position in the medical device sector, a crucial growth area for the company's long-term strategy.
Potential Negatives
- None
FAQ
What is the value of the recent purchase order received by Sono-Tek?
Sono-Tek received a purchase order valued at over $2.8 million.
Which customer placed the order for the ExactaCoat MD systems?
The order was placed by a major U.S.-based medical device manufacturer who is an existing customer.
When are the deliveries of the new equipment expected to occur?
Deliveries of the new equipment are expected to begin in early 2026 and be completed within the first half of 2026.
What does the ExactaCoat MD system offer compared to previous equipment?
The ExactaCoat MD systems feature expanded capabilities compared to Sono-Tek’s previously supplied equipment.
How does this order impact Sono-Tek's position in the medical device industry?
This order reinforces Sono-Tek's strong position in the medical device sector and reflects trust from leading manufacturers.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$SOTK Insider Trading Activity
$SOTK insiders have traded $SOTK stock on the open market 11 times in the past 6 months. Of those trades, 0 have been purchases and 11 have been sales.
Here’s a breakdown of recent trading of $SOTK stock by insiders over the last 6 months:
- STEPHEN JAMES BAGLEY (CFO) has made 0 purchases and 10 sales selling 6,202 shares for an estimated $21,881.
- PHILIP A STRASBURG sold 2,000 shares for an estimated $7,240
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$SOTK Hedge Fund Activity
We have seen 6 institutional investors add shares of $SOTK stock to their portfolio, and 9 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- VANGUARD GROUP INC added 64,398 shares (+21.3%) to their portfolio in Q2 2025, for an estimated $241,634
- BARD ASSOCIATES INC removed 16,025 shares (-28.4%) from their portfolio in Q2 2025, for an estimated $60,129
- UBS GROUP AG removed 9,755 shares (-6.5%) from their portfolio in Q2 2025, for an estimated $36,602
- BLACKROCK, INC. removed 3,857 shares (-17.9%) from their portfolio in Q2 2025, for an estimated $14,472
- DIMENSIONAL FUND ADVISORS LP added 1,731 shares (+13.6%) to their portfolio in Q2 2025, for an estimated $6,495
- RENAISSANCE TECHNOLOGIES LLC removed 1,200 shares (-3.7%) from their portfolio in Q2 2025, for an estimated $4,502
- ACADIAN ASSET MANAGEMENT LLC removed 800 shares (-24.1%) from their portfolio in Q2 2025, for an estimated $3,001
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Full Release
MILTON, N.Y., Oct. 13, 2025 (GLOBE NEWSWIRE) -- Sono-Tek Corporation (Nasdaq: SOTK), the leading developer and manufacturer of ultrasonic coating systems, today announced that it has received a purchase order valued at over $2.8 million from a major U.S.based medical device manufacturer.
This order, placed by an existing customer which is ramping up production, includes multiple advanced ExactaCoat MD (Medical Device) systems. The ExactaCoat MD systems include expanded capabilities compared to Sono-Tek’s previously supplied equipment. These new systems will be installed in addition to the customer's existing Sono-Tek coating equipment, which will remain in production use. Deliveries of the new equipment are expected to begin in the beginning of calendar year 2026 and be completed within the first half of 2026.
Steve Harshbarger, President and CEO of Sono-Tek, commented:
"This award highlights the continued trust leading medical device manufacturers place in Sono-Tek as they scale production of innovative healthcare technologies. The addition of these higher-capability systems, complementing the Sono-Tek equipment already in use at this facility, underscores the value of our long-term customer relationships and the scalability of our coating platforms. Importantly, this order comes from a different customer than the $5 million medical device order we announced last month, further broadening our base of high-value opportunities."
This win reinforces Sono-Tek's strong position in the medical device sector, a critical growth driver in the Company's long-term strategy, and underscores its ability to capture repeat, multi-million-dollar orders from multiple leading manufacturers across the industry.
About Sono-Tek
Sono-Tek Corporation is the global leader in the design and manufacture of ultrasonic coating systems that are shaping industries and driving innovation worldwide. Our ultrasonic coating systems are used to apply thin films onto parts used in diverse industries including microelectronics, alternative energy, medical devices, advanced industrial manufacturing, and research and development sectors worldwide. Sono-Tek's inroads into the clean energy sector are showing transformative results in next-gen solar cells, fuel cells, green hydrogen generation, and carbon capture applications.
Our product line is rapidly evolving, transitioning from R&D to high-volume production machines with significantly higher average selling prices, showcasing our market leadership and adaptability. Our comprehensive suite of thin film coating solutions and application consulting services are expected to generate unparalleled results for our clients and help some of the world's most promising companies achieve technological breakthroughs and bring them to the market. We strategically deliver our products to customers through a network of direct sales personnel, carefully chosen independent distributors, and experienced sales representatives, ensuring efficient market reach across diverse sectors around the globe.
For more information:
Sono-Tek Corp.
Stephen J. Bagley
Chief Financial Officer
Ph: (845) 795-2020
[email protected]
Investor Relations
Kirin Smith
PCG Advisory, Inc.
[email protected]
