Hutchinson Technology designs and produces critical component technologies. As a world-class precision manufacturing partner, we provide customers with industry- leading product and process development, cost-effective, high-volume production, and unequaled focus on quality.
In the smartphone camera market, our shape memory alloy (SMA) optical image stabilization (OIS) actuator helps improve picture and video quality, particularly in low- light conditions, and offers performance, size, and cost size advantages.
Through our new business development initiatives, we continue to leverage our unique precision manufacturing capabilities to produce components and sub-assemblies for new market segments.
New Design Can Enable the World's Slimmest OIS Smartphone Cameras
HUTCHINSON, Minn., July 30, 2015 (GLOBE NEWSWIRE) -- Hutchinson Technology Incorporated (NASDAQ:HTCH) today announced that it expects to begin shipping prototypes of a new Shape Memory Alloy Optical Image Stabilization (SMA OIS) actuator to tier 1 camera module manufacturers in early August. The new Gemini product was designed in response to customer requests for reduced OIS camera thickness. Gemini reduces SMA OIS actuator thick...
HUTCHINSON, Minn., July 30, 2015 (GLOBE NEWSWIRE) -- Hutchinson Technology Incorporated (NASDAQ:HTCH) today reported a net loss of $10.2 million, or $0.30 per share, on net sales of $54.7 million for its fiscal third quarter ended June 28, 2015. The net loss included a $1.1 million foreign currency loss and $330,000 of non-cash interest expense. Excluding these items, the company's net loss for the fiscal 2015 third quarter was $8.7 million, or $0.26 per share.
In the preceding quarter, the ...
HUTCHINSON, Minn., July 16, 2015 (GLOBE NEWSWIRE) -- Hutchinson Technology Incorporated (NASDAQ:HTCH) today announced it will report fiscal 2015 third quarter financial results on Thursday, July 30, 2015, after the market close. A subsequent conference call for the investment community will take place at 5:00 p.m. Eastern Time (4:00 p.m. Central Time).
Individual investors and news media may participate in the conference call via a webcast, which will be accessible live and on an archived b...
Seasonally Lower Volume and Higher OIS Development Costs Reduce Profitability
HUTCHINSON, Minn., April 30, 2015 (GLOBE NEWSWIRE) -- Hutchinson Technology Incorporated (Nasdaq:HTCH) today reported a net loss of $9.7 million, or $0.29 per share, on net sales of $62.4 million, for its fiscal second quarter ended March 29, 2015. The net loss included $430,000 of non-cash interest expense and a $140,000 foreign currency gain. Excluding these items, the company's net loss for the fiscal 2015 second q...
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Hutchinson Technology is a global technology leader committed to creating value by developing solutions to critical customer problems. Our culture of quality, continuous improvement, superior innovation and a relentless focus on the fundamentals enables us to lead in the markets we serve.