Sono-Tek Corporation received a $5 million order for advanced coating systems for medical device production, with deliveries starting in 2026.
Quiver AI Summary
Sono-Tek Corporation announced that it has secured a purchase order exceeding $5 million for its advanced ultrasonic coating systems, which will be utilized in manufacturing a medical device. This order, featuring high-precision MediCoat systems designed for scalable production, is set for delivery starting in 2026 and will be fulfilled over the following year. CEO Steve Harshbarger highlighted the significance of this order as a testament to the increasing acceptance of Sono-Tek's technology among medical device manufacturers globally. The company aims to expand its presence in high-growth markets by focusing on complex production systems with higher selling prices. This development reinforces Sono-Tek's robust position in the medical sector, a crucial aspect of its long-term growth strategy.
Potential Positives
- Sono-Tek Corporation has secured a multi-million dollar purchase order valued at over $5 million, indicating strong demand for its products and contributing to revenue growth.
- The order is for state-of-the-art MediCoat systems designed for high-precision manufacturing, showcasing the company's innovative technology and leadership in the medical device sector.
- This purchase order reflects validation of Sono-Tek's business strategy, focusing on high-value production systems and expansion into high-growth markets.
- The deal underscores Sono-Tek's continued strength in the medical sector, which is a key driver of the company's long-term growth strategy.
Potential Negatives
- Significant reliance on forward-looking statements which highlight inherent uncertainties and risks that could impact future performance, potentially leading to investor skepticism.
- Anticipated delivery of the order starts in 2026, which may indicate a long lead time that could affect cash flow and financial performance in the near term.
- The press release mentions various competitive and market pressures, including supply chain issues and inflation, which could undermine the company's growth strategy and operational efficiency.
FAQ
What recent purchase order did Sono-Tek Corporation receive?
Sono-Tek Corporation received a multi-million dollar purchase order exceeding $5 million for coating systems for a medical device.
When will deliveries under the Sono-Tek order begin?
Deliveries for the purchase order are expected to commence in calendar year 2026 and will span approximately 12 months.
What is the significance of Sono-Tek's order in the medical sector?
This order highlights Sono-Tek’s growing adoption of advanced coating platforms by medical device manufacturers, validating its long-term growth strategy.
What industries does Sono-Tek's ultrasonic coating technology serve?
Sono-Tek's ultrasonic coating systems are used in microelectronics, alternative energy, medical devices, industrial manufacturing, and R&D sectors globally.
What are the benefits of Sono-Tek's coating solutions?
The solutions provide reduced overspray, savings in raw materials, water, energy usage, improved process efficiency, and lower emissions.
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
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$SOTK Hedge Fund Activity
We have seen 6 institutional investors add shares of $SOTK stock to their portfolio, and 10 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- SIGNATURE ESTATE & INVESTMENT ADVISORS LLC removed 773,386 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $2,815,125
- 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
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
MILTON, N.Y., Sept. 03, 2025 (GLOBE NEWSWIRE) -- Sono-Tek Corporation (Nasdaq: SOTK), the leading developer and manufacturer of ultrasonic coating systems, today announced that it has received a multi-million dollar purchase order, valued at over $5 million, for coating systems to be used in the production of a medical device.
The order includes multiple state-of-the-art MediCoat systems designed for high-precision, scalable manufacturing. Deliveries under this order are expected to commence in calendar year 2026 and will be completed over approximately a 12-month period.
Steve Harshbarger, President and CEO of Sono-Tek, commented: “This order reflects the growing adoption of Sono-Tek’s advanced coating platforms by leading medical device manufacturers worldwide. It is also a strong validation of our strategy — focusing on complex, high-value production systems with higher average selling prices and expanding our reach across multiple high-growth markets. We are proud to support our customers as they scale up production of innovative healthcare technologies.”
This award underscores Sono-Tek’s continued strength in the medical sector, a key growth driver in the Company’s long-term strategy, and demonstrates the Company’s ability to capture significant opportunities across diverse end markets.
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.
Our solutions are environmentally friendly, efficient and highly reliable, and enable dramatic reductions in overspray, savings in raw material, water and energy usage and provide improved process repeatability, transfer efficiency, high uniformity and reduced emissions.
Sono-Tek’s growth strategy is focused on leveraging its innovative technologies, proprietary know-how, unique talent and experience, and global reach to further develop thin film coating technologies that enable better outcomes for its customers’ products and processes. For further information, visit www.sono-tek.com .
Safe Harbor Statement
This news release contains forward-looking statements regarding future events and the future performance of Sono-Tek Corporation that involve risks and uncertainties that could cause actual results to differ materially. These “forward-looking statements” are based on currently available competitive, financial and economic data and our operating plans. They are inherently uncertain, and investors must recognize that events could turn out to be significantly different from our expectations and could cause actual results to differ materially. These factors include, among other considerations, general economic and business conditions; political, regulatory, tax, competitive and technological developments affecting our operations or the demand for our products; inflationary and supply chain pressures; fluctuations in U.S. tariff policies; limiting or elimination of governmental clean energy incentives; the recovery of the Electronics/Microelectronics and Medical markets; maintenance of increased order backlog; timely development and market acceptance of new products and continued customer validation of our coating technologies; adequacy of financing; capacity additions, the ability to enforce patents; maintenance of operating leverage; consummation of order proposals; completion of large orders on schedule and on budget; continued sales growth in the medical and alternative energy markets; successful transition from primarily selling ultrasonic nozzles and components to a more complex business providing complete machine solutions and higher value subsystems which are sold at higher average selling prices; and realization of quarterly and first-half revenues and profitability within the forecasted range of guidance.
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]