SOURCE: Data I/O Corporation

Data I/O Corporation

October 06, 2010 11:56 ET

Data I/O Retains Hayden IR to Develop Strategic Investor Relations Program

REDMOND, WA--(Marketwire - October 6, 2010) -   Data I/O Corporation (NASDAQ: DAIO), the leading provider of manual and automated device programming systems for integrated circuits (ICs) used in wireless, consumer electronics and automotive electronics, today announced that it has retained Hayden IR, a national, New York-based investor relations consulting firm, to develop and implement a strategic investor relations program to raise its visibility and strengthen its relationships with the investment community.

"The electronics industry continues its recovery and overall momentum is building," commented Fred Hume, Data I/O's President and CEO. "We are just entering the next capital equipment upgrade cycle for the electronics industry, and demand growth for specialized integrated circuits, particularly in the wireless industry and especially so for smartphones, as well as in the automotive sector, is accelerating. Our new sales channels, which we added during the economic downturn, are helping us to increase our market share and are already contributing to strong sales opportunities. We have created a technology platform that will enable the company to leverage our hardware and software services to pursue these and other opportunities. As a result of these actions and our improving financial results, we have retained Hayden IR to help us build shareholder value by developing a comprehensive program that expands our visibility within the investment community."

With offices in New York, Phoenix, Minneapolis and San Diego, Hayden IR provides a comprehensive range of investor relations services to a growing list of clients. For more than a decade, Hayden IR has been a recognized leader in driving market recognition and creating sustainable competitive advantages for more than 100 micro- and small-cap companies. Hayden delivers expertise and professionalism in such areas as investor management, relationship building, awareness campaigns, online presence and corporate identity.

Dave Fore, Senior Research Analyst at Hayden IR, added, "Data I/O's largely-fixed cost business model, combined with incremental high-margin software sales, should deliver excellent earnings growth as revenues increase. The company's operating income and margins have already rebounded sharply with the economic recovery and the resumed investment in capital equipment. Data I/O has a clean balance sheet, with almost $17 million in cash, no long-term debt and an established business model that is focused on the high demand integrated circuits market segments. Trading at just over one times enterprise value to trailing 12 month revenue and nine times enterprise value to EBITDA, also on a trailing 12 month basis, this is an opportune time to introduce Data I/O to value-oriented investors who are looking for growth at a reasonable price."

About Data I/O Corporation
With over 35 years of expertise in delivering intellectual property to programmable devices, Data I/O offers complete, integrated manufacturing solutions in wireless, automotive, programming center, semiconductor, and industrial control market segments for OEM, ODM, EMS and semiconductor companies. Data I/O is the leader in programming and provides hardware and software solutions for turn-key programming and device testing services, as well as in-system (on-board), in-line (right before use at the SMT line), or in-socket (off-line) programming. These solutions are scalable for small, medium and large volume applications with different device mixes. Data I/O Corporation has headquarters in Redmond, Wash., with sales and services worldwide. For further information, visit the company's website at

Forward Looking Statement
Statements in this news release concerning future results from operations, financial position, economic conditions, product releases and 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 levels of orders, ability to record revenues, release schedules, market acceptance of new products, changes in economic conditions and market demand, pricing and other activities by competitors, and other risks including those described from time to time in the Company's filings on Forms 10K and 10Q with the Securities and Exchange Commission (SEC), press releases and other communications. 

Contact Information

  • Joel Hatlen
    Vice President and Chief Financial Officer
    Data I/O Corporation
    6464 185th Ave. NE, Suite 101
    Redmond, WA 98052
    (425) 881-6444

    Hayden IR
    Dave Fore
    Client Manager & Senior Research Analyst
    (206) 450-2151
    Email: Email Contact

    Brett Maas
    Managing Partner
    (646) 536-7331
    Email: Email Contact