Topic: Data I/O’s 50th Anniversary – The
Next 50 Years
Data I/O Corporation (NASDAQ: DAIO), the leading global provider
of advanced security and data deployment solutions for
microcontrollers, security ICs and memory devices, today announced
the availability of its final installment in a series of interviews
with its President and CEO, Anthony Ambrose. Mr. Ambrose was
interviewed by guest host Maj Soueidan, President and Co-founder of
GeoInvesting, LLC, with the discussion focusing on Data I/O’s 50th
Anniversary – The Next 50 Years, including insights on the
Company’s innovations and positioning for heightened opportunities
in the years ahead based on its industry leading data programming
and security platform.
The interview is being streamed for public viewing over the
Internet and can be accessed via the Webcasts and Presentations
section of the Data I/O Corporation website at www.dataio.com and
on all of the Company’s social media feeds. The websites and online
platforms of each of the fireside chat series event hosts are able
to carry the interviews on the respective date of publication. The
fireside chat series culminates with the celebration of the
Company’s 50th Anniversary.
As part of the interview and in celebration of Data I/O’s 50th
anniversary, Mr. Ambrose thanked all of the fireside guest hosts
throughout the 6-month series. Reflecting on past achievements
toward the evolution of the company, Mr. Ambrose added, “We’ve got
some interesting ideas, certainly, for the future.”
During the interview made available today, Mr. Ambrose
addresses:
- 50 years of data programming innovation
- Family of PSV automated programming systems – over 430 sold
to date
- Security deployment as-a-service models with SentriX®
security provisioning platform
- Lumen®X programming platform
- VerifyBoost™
- Advanced laser and 3-D inspection enhancements
- eMMC to UFS conversion supports automotive electronics
growth and other high-volume applications
- ConneX® and SentriX Product Creator™ tools among software
developed to power next generation connectivity, remote
access/installation, and analytics management
- Unparalleled global support
- Enhanced power and processing speeds for programming to set
new standards for production yields and lowest cost of ownership
for customers
- Industry analysts forecast a tripling of demand for
automotive semiconductors over the coming years with high-speed UFS
being the memory of choice for infotainment, electrification, ADAS
and other applications
- Digitization and securitization of factories contributing to
the industrial market becoming a significant growth
opportunity
- SentriX® secure provisioning solutions validation, with use
cases spanning smart metering, automotive charging stations, fleet
management, and electrical meters
- The diffuse environment for security deployments by silicon
developers around the world
- U.S. and European recent regulations for the semiconductor
industry impacting the next 10 years and how Data I/O provides
content solutions for critical segments throughout the value
chain
- Data I/O’s transition to recurring revenue to reduce
cyclicality – goal set for 50% of consolidated revenues within 3-5
years
- Value in DAIO shares which makes the stock attractive – a
strong balance sheet, significant operating leverage, and a large,
tangible addressable market
Guest Host: Maj Soueidan, President and Co-founder,
GeoInvesting, LLC
Maj Soueidan is a full-time investor of 30 years. He
co-founded GeoInvesting to bring institutional quality investment
research to the individual investor and help broaden the awareness
of the opportunities that exist in the inefficient micro-cap
universe. In addition to educating investors on winning equity
strategies, Mr. Soueidan has been on a mission to protect investors
from fraud and pump and dump schemes. He introduced the “China
fraud” to GeoInvesting and through his research process, identified
dozens of U.S. listed China stocks he concluded were frauds, so
that the GeoInvesting team could perform exhaustive on-the-ground
due diligence research on them, including Puda Coal and Yuhe Intl.
Maj works with and manages the GeoInvesting team on a daily basis
to increase its investment opportunity pipeline and heighten
GeoInvesting’s awareness in the financial markets to intensify its
market influence. He stresses the concept of “information
arbitrage” in an era where information overload has made it more
difficult for investors to locate profitable information. An
information arbitrage exists when a disconnect between stock prices
and available public information on a company is noticeable, and
monetarily worth pursuing. “We believe we're in a period where tier
one quality microcaps are being aggressively sought out by
investors, many of which we have already found and continue to
find,” said Maj Soueidan. (Visit Maj’s Blog)
Data I/O Fireside Chat Series
Schedule:
The series includes monthly interviews over six months from June
through November 2022. Data I/O is pleased to have guest hosts who
are well-known and highly respected investment community
professionals and financial newsletter writers and influencers.
Conversations are intended to focus on important and timely topics
that relate to the Company, its platform technologies and the
global business environment. Interviews are made available by Data
I/O and the respective session host as detailed below:
June 15, 2022 – The Data I/O Opportunity Guest Host: Tim
Weintraut of Alpha Wolf Trading
July 13, 2022 – The Future of Semiconductors for Automotive
and Electronics OEMs Guest Host: Suji Desilva of Roth
Capital
August 17, 2022 – Managing a Resilient Supply Chain Guest
Host: Gene Inger of Inger Newsletter
September 14, 2022 – The Future of Security - SentriX®
Security Deployment Platform Guest Host: Avi Fisher of Long
Cast Advisors
October 19, 2022 – Industry 4.0 and Why Everything Needs to
be Connected Guest Host: Vishal Mishra of Mishra Capital
Partners, LLC
November 28, 2022 – Data I/O’s 50th Anniversary – The Next 50
Years Guest Host: Maj Soueidan of GeoInvesting
About Data I/O Corporation
Since 1972, Data I/O has developed innovative solutions to
enable the design and manufacture of electronic products for
automotive, Internet-of-Things, medical, wireless, consumer
electronics, industrial controls and other electronics devices.
Today, our customers use Data I/O’s data programming solutions and
security deployment platform to secure the global electronics
supply chain and protect IoT device intellectual property from
point of inception to deployment in the field. OEMs of any size can
program and securely provision devices from early samples all the
way to high volume production prior to shipping semiconductor
devices to a manufacturing line. Data I/O enables customers to
reliably, securely, and cost-effectively bring innovative new
products to life. These solutions are backed by a portfolio of
patents and a global network of Data I/O support and service
professionals, ensuring success for our customers.
Learn more at dataio.com
Forward Looking Statement and Other Disclaimers
Statements in this news release concerning economic outlook,
expected revenue, expected margins, expected savings, expected
results, orders, deliveries, backlog and financial positions,
semiconductor chip shortages, supply chain expectations, 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. Forward-looking statement disclaimers
also apply to the global COVID-19 pandemic, including the expected
effects on the Company’s business from Shanghai’s COVID-19
lockdowns, the duration and scope, impact on the demand for the
Company’s products, and the pace of recovery for the COVID-19
pandemic to subside, and the Russian invasion of Ukraine including
any related international trade restrictions. These factors include
uncertainties as to the ability to record revenues based upon the
timing of product deliveries, shipping availability, installations
and acceptance, accrual of expenses, coronavirus related business
interruptions, changes in economic conditions, part shortages and
other risks including those described in the Company's filings on
Forms 10-K and 10-Q with the Securities and Exchange Commission
(SEC), press releases and other communications.
This press release and the interviews to be published as part of
the Data I/O fireside chat series are for informational purposes
only and should not be considered investment advice, an offer to
sell, or a solicitation of an offer to buy any security. Interview
hosts have voluntarily agreed to participate in this event series
and no compensation will be paid or furnished to them or their
respective organizations. The participation of hosts and their
respective organizations do not represent an offer to buy or sell
any security to or from any person or other entity through their
platforms. Prior to making any investment or subscribing to any of
the platforms associated with the fireside chat series,
listeners/viewers are encouraged to consult with professional
financial, legal advisor and tax advisors to assist in due
diligence as may be appropriate in determining the risk associated
with any investment.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20221128005127/en/
Joel Hatlen Chief Operating and Financial Officer Data I/O
Corporation 6645 185th Ave. NE, Suite 100 Redmond, WA 98052 Darrow
Associates, Inc. Jordan Darrow (512) 551-9296
jdarrow@darrowir.com
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