Rick McClain, President & COO, Milwaukee Electronics

We've had our best year ever in 2022 with record sales for our Vector and Valence selective soldering systems, our Odyssey robotic hot solder dip machines, and our Pulsar solderability testing and Photon steam aging systems.

We anticipate this upward trend to continue in 2023 as our customers endeavor to overcome their component supply chain shortages. We have customers who have selected us as their vendor of choice but have delayed implementation until their supply chain issues can be resolved.

We've been able to hire several qualified employees and these new additions to our purchasing, assembly, and shipping and receiving staff have allowed us to maintain our commitment to proudly design and build our soldering equipment in the USA. Travel for our service and support staff has returned to pre-pandemic levels as they continue to be very active with installations throughout North America, Europe, and Asia.

Our Pulsar solderability test system is playing an important role in the abatement of counterfeit semiconductor and electronic components as many of our customers utilize our test system as part of their protocol to provide quality control services to ensure the integrity of the supply chain for the global electronics industry.