Aug 22, 2018 Continued R&D Investments to Meet the Needs of Automotive and Industrial Markets
Data I/O Corporation (NASDAQ: DAIO), the leading global provider of advanced data and security programming solutions for flash, flash-memory based intelligent devices and microcontrollers, recently announced the deployment of its 200th PSV programming system and record revenue in 2017. Both milestones are a testament to the longevity of the pre-programming market, particularly for the automotive, industrial and consumer markets served by Data I/O.
Data I/O – Advancing Through Technological Innovation and Global Customer Support
While other companies are reducing investment or backing away from the market, Data I/O is investing heavily in new technologies such as Universal Flash Storage (UFS), Manufacturing Execution System (MES) Integration and Secure Provisioning. Automotive Flash memory demands show no signs of slowing, with UFS providing the next wave of performance and density. Automotive electronics programmable content is projected to grow from 32GB to over 1 TB and beyond by 2025, driven primarily by infotainment systems, connectivity and autonomous driving. Data I/O has met this demand with the programming market’s best UFS performance on the LumenX™ programming system. Data I/O’s ConneX traceability and reporting software allow manufacturing companies to integrate pre-programming into their MES systems. The SentriX(TM) Secure Provisioning Platform helps OEMs of any size and volume provision secret credentials into their devices in a secure and cost-effective manner.
“Data I/O’s focus on technology and new product development has been significant,” said Sean Riley, Vice President of Marketing at Data I/O Corporation. “It takes a dedicated commitment to innovation, year-in and year-out, to succeed in the programming market. Our worldwide engineering teams, combined with our worldwide sales and support, are what make us the leader in the pre-programming market.
“We are increasingly engaged in new sales opportunities as well as asked to replace an older competitor’s system in order to enable access to new technology in the PSV series of programming systems. We are pleased to be setting the pace for the industry’s latest trends and demands. With over $16 million in cash at the end of the second quarter, we believe we have the strongest financial position in the industry, which enables us to continue to invest in technology development while providing unparalleled global customer support.
“Members of our management team and global workforce will be participating in NEPCON in Shenzhen, China, from August 28-30, 2018. At this important industry event, the Data I/O team will demonstrate the many benefits and advancements of our programming solutions. We will be discussing unique programs to help customers get access to our latest products and technologies.
PSV Family of Programmers – The Industry Leader for Automotive Electronics
The PSV family of programming systems is the world’s premier automated programming solution with the speed, flexibility, fast changeover and small parts handling to manage any job for the lowest total cost of ownership. Engineered for velocity and versatility, the PSV family combines industry leading robotics handling with revolutionary LumenX programming technology for fastest device programming and highest socket density. A comprehensive suite of process control software applications along with fiber laser marking and 3D co-planarity component inspection meets the demanding process requirements for automotive electronics applications. The PSV family supports both FlashCORE III and LumenX programmers. Current customers with PSV systems have built-in investment protection as they can upgrade their systems to add LumenX programmers alongside their current technology. The combination of ultra-fast read/write and download speeds, high socket capacity and high throughput allows manufacturers using one PSV system to program what previously required multiple systems to produce. Having emerged as the industry standard for device programming, PSV systems have been sold on 5 continents, in 27 countries, and to over 70 customers.
SentriX™ Security Provisioning Platform
The SentriX Platform provides a trusted, secured and cost-effective provisioning solution for OEMs of any size to embed a hardware-based root of trust in silicon during the manufacturing flow for their IoT products. This process of provisioning silicon devices enables OEMs to add their own unique identity which is cryptographically tied to an embedded hardware based root-of-trust and can prevent unauthorized firmware from executing on the device. An IoT product secured in this way also enables OEMs to provide secure updates to their products in the field. Hardware-based security enabled by the SentriX system also insures supply chain integrity during the manufacturing process. Unauthorized production and cloning are prevented with this approach. Some of the world’s largest and best-in-class technology, semiconductor, security and distribution supply chain companies have partnered with Data I/O to bring the SentriX Platform to market, including Arrow Electronics, Avnet, IAR Systems, Microchip Technology, NXP, and Secure Thingz (now a part of IAR Systems).
Since 1972 Data I/O has developed innovative solutions to enable the design and manufacture of electronic products for automotive, industrial/Internet-of-Things, consumer electronics, markets and their programming center and contract manufacturing partners. Today, our customers manufacture tens of millions of products each year using Data I/O programming solutions to reliably, securely, and cost-effectively deliver their Intellectual Property into programmable devices. Our expertise in programmable integrated circuits, global supply chain processes, factory integration and IP management and protection helps bring innovative new products to life. These solutions are backed by a global network of Data I/O support and service providers, ensuring success for our customers. Learn more at dataio.com
Forward Looking Statement and Non-GAAP financial measures
Statements in this news release concerning economic outlook, expected revenue, expected margins, expected savings, expected results, orders, deliveries, backlog and financial positions, as well as any other statement that may be construed as a prediction of future performance or events are forward-looking statements which involve known and unknown risks, uncertainties and other factors which may cause actual results to differ materially from those expressed or implied by such statements. These factors include uncertainties as to the ability to record revenues based upon the timing of product deliveries, installations and acceptance, accrual of expenses, changes in economic conditions and other risks including those described in the Company's filings on Forms 10K and 10Q with the Securities and Exchange Commission (SEC), press releases and other communications.
