BNET Industries
Last Fiscal Year Sales:$66.1M
- Public
- CA
Dow Jones Description
Coretec Inc. is one of the North America's largest designers and manufacturers of printed circuit boards (PCB). Coretec was founded in 1980 with a simple goal: to supply customers with PCBs - fast. Since then the Company has built its reputation by concentrating on three critical factors: time, technology and value-added services. Today, Coretec is a leading designer and manufacturer of PCBs with operations in Canada, the United States and Europe. Coretec offers an outstanding range of products, services and approvals to an extensive list of blue-chip clients in the EMS, Aerospace, Defense, Medical, Instrumentation and Telecom sectors. Coretec services include PCB research & development, design services, education, prototypes, field engineering support, quick-turn production and high-volume facilitation.
Chairman, President & CEO
Paul Colin LangstonNumber of Employees 540
Contact Information
8150 Sheppard Avenue East
Toronto, Ontario M1B 5K2
1 416 453 1594
Peer Companies
NAICS Code Bare Printed Circuit Board Manufacturing: 334412
Recent Events
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Mining stocks lead TSX lower
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Market Report -- In Play DDIC
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DDi Corp. Announces Third Quarter 2009 Results
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Coretec director Belzberg resigns
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Coretec Inc.: Coretec Inc. Announces New CFO
News & Analysis
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coretec inc. - All News and Analysis
Coretec Announces Second Quarter 2009 Results
Coretec Inc. (TSX: CYY) today reported its financial results for the second quarter ended June 30, 2009. Sales in the 2009 second quarter were $17.9 million, a decrease of $2.3 million sequentially or 11% as compared to sales of $20.2 million in Q1 2009. Compared to the same...
Coretec Inc. Announces New CFO
Coretec Inc. (TSX: CYY) today announced the appointment of Aaron Ames as Chief Financial Officer. Mr. Ames brings to Coretec over 15 years of experience in public accounting and senior finance positions in industry. Mr. Ames received his Masters of Accountancy from Case Western Reserve University in Cleveland...
Coretec Announces Organization Changes
Coretec Inc. (TSX: CYY) today announced the departure of Andre Kern, Chief Financial Officer. The Company is well underway in terms of its search for a replacement. In the interim, Paul Langston, CEO will assume the responsibilities of the role. Coretec is one of the leading designers...
Coretec Announces Organization Changes.
TORONTO, ONTARIO, May 29, 2009 Marketwire via COMTEX -- Coretec Inc. (TSX:CYY) today announced the departure of Andre Kern, Chief Financial Officer. The Company is well underway in terms of its search for a replacement. In the interim, Paul Langston, CEO will assume the ...
Coretec Announces First Quarter 2009 Results
Coretec Inc. (TSX: CYY) today reported its financial results for Q1 2009 ended March 31, 2009. Sales were $20.2 million, a decrease of $2.6 million sequentially or 11.4% as compared to sales of $22.8 million in Q4 2008, and up $1.7 million or 9.2% from sales of $18.5...
Coretec Announces First Quarter 2009 Results; First quarter year-over-year revenues increase by 9.2%.(Financial report)
TORONTO, ONTARIO, May 12, 2009 Marketwire via COMTEX -- Coretec Inc. (TSX:CYY) today reported its financial results for Q1 2009 ended March 31, 2009. Sales were $20.2 million, a decrease of $2.6 million sequentially or 11.4% as compared to sales of $22.8 million in Q4...
Coretec sales grow 20.6% YoY
Coretec Inc. reported fourth-quarter sales climbed 20.6% from last year to $22.8 million, on the weak Canadian Dollar. For the year, sales dropped 5.2% to $81 million, compared to $85.4 million in 2007. Fourth-quarter gross profit increased to 14.2% of sales, compared to 9.2% last year. For the...
Coretec Announces Fourth Quarter 2008, Full Year Results and New Banking Facility
Coretec Inc. (TSX: CYY) today reported its financial results for the fourth quarter and the year ended December 31, 2008. Coretec reported sales of $22.8 million in the quarter ended December 31, 2008, a 20.6% increase over the prior year period revenue of $18.9 million and an...
Coretec Announces Fourth Quarter 2008, Full Year Results and New Banking Facility.(Financial report)
TORONTO, ONTARIO, Mar 26, 2009 Marketwire via COMTEX -- Coretec Inc. (TSX:CYY) today reported its financial results for the fourth quarter and the year ended December 31, 2008. Coretec reported sales of $22.8 million in the quarter ended December 31, 2008, a...
Coretec Inc. Announces the Resignation of Robert Olsen as Chairman
Coretec Inc. (TSX: CYY) today announced the resignation of Mr. Robert Olsen as Chairman of the Board of Directors. Mr. Olsen recently changed his career path; leaving Goldman Sachs Canada to assume a position at Deloittes as a National Partner in charge of their Capital Advisory business. As a...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Walter D. Custer | President, Custer Consulting Group |
| Anaya Vardya | COO |
| Andre Kern | Chief Financial Officer |
| Gareth J. Parry | Cto |
| Mark Thornley | CFO |
| Jeff Canavor | Executive Vice President |
| Barry Bristow | Vice President & General Manager, Toronto |
| Craig Barrett | Vice President & General Manager, Denver |
| Daniel Gilliece | Vice President of Human Resources |
| Nick Rallis | Vice President, Strategic Projects |
| Robert J Owen | Vice President & General Manager, Cleveland |
| John F. Bankes | Managing Director |
| Gary Hoeppel | Director, Research & Development |
| Mark Scruton | Director, Environ |
| Paul Cooke | Director of Quality & Process Engineering |
| Paul Green | Director, Quality |
| Doug Berry | Q.A. Manager |
| Mark Kasting | Quality Assurance Manager, Engineering |
| Nancy Annan | Manager, Matls |
| Gus Trakas | |
| Mark A. Convery | Secretary |
| Paula Ironside | Senior Developer |
| Terence C Regan | |
| Tim Minko | |
| Todd Henninger | |
| Robert Lord | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Paul Colin Langston | Chairman, President & CEO |
| Charlie Reid | Board of Directors |
| Peter Murphy | Board of Directors |
| Robert C. Olsen | Board of Directors |
| Robert Morrison | Board of Directors |
| Saleem Dedhar | Board of Directors |
| Sid Belzberg | Board of Directors |
| Waltred D. Custer | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Coretec Inc. | Chairman, President & CEO | Current |
| Pcb | Board of Directors | Current |
| Coretec Inc. | Board of Directors | Current |
| Coretec Inc. | Co-Founder | Former |
| York University | Business Administration | Former |
| Organization | Position | Status |
|---|---|---|
| Coretec Inc. | President, Custer Consulting Group | Current |
| Coretec Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Coretec Inc. | COO | Current |
| Merix Corporation | Senior Vice President, Operations | Former |
| International Business Machines Corporation | Former | |
| University of Cincinnati | Master of Science degree in Chemical Engineering | Former |
| Indian Institute of Technology | Bachelor of Technology degree in Chemical Engineering | Former |
Andre Kern received his Chartered Accountant (CA) designation in 1988 and his Certified Public Accountant (CPA) designation in 2002. He has held several senior accounting and finance positions since leaving public practice in 1990 and brings to Coretec related industry expertise with a major North American EMS company. Andre received his BA from the University of Toronto in 1985.
| Organization | Position | Status |
|---|---|---|
| Coretec Inc. | Chief Financial Officer | Current |
| Coretec Inc. | Director, Finance | Former |
| University of Toronto | Ba | Former |
Gareth Parry, CTO Gareth has over 20+ years of experience in the PCB industry, all in senior engineering roles with leading companies such as Hadco, Sanmina and Coretec. Mr. Parry graduated with a Bachelor of Science in Mechanical Engineering from the University of New Brunswick and Manchester University in England. Gareth has his BS Mechanical Engineering and is a member of the Association of Professional Engineers of Ontario.
| Organization | Position | Status |
|---|---|---|
| Coretec Inc. | Cto | Current |
| Sanmina Corporation | Current | |
| Pwb | Former | |
| University of New Brunswick | Bachelor of Science In Mechanical Engineering | Former |
| Manchester University | Former |
| Organization | Position | Status |
|---|---|---|
| Coretec Inc. | CFO | Current |
| Organization | Position | Status |
|---|---|---|
| Coretec Inc. | Vice President & General Manager, Toronto | Current |
| Coretec Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Coretec Inc. | Vice President & General Manager, Denver | Current |
Daniel Gilliece, held the position of International Director of Human Resources from 1999 2004, and in 2004 assumed the role of V.P. Human Resources. Mr. Gilliece earned a Bachelor degree in Industrial Relations and Economics from Montreal's McGill University in 1984, and Certification in Human Resources in 1987. He is an Associate member of the Human Resources Professionals Association of Ontario (HRPAO) and is also a Global Consultant for the Society for Human Resources Management (SHRM). Mr. Gilliece is also a member of Akron (2004) and Denver (2002) Chamber of Commerce.
| Organization | Position | Status |
|---|---|---|
| Coretec Inc. | Vice President of Human Resources | Current |
| McGill University | Bachelor Degree In Industrial Relations and Economics | Former |
| Organization | Position | Status |
|---|---|---|
| Coretec Inc. | Vice President, Strategic Projects | Current |
| Coretec Inc. | Director, Supply Chain Management | Former |
| University of Toronto | Bachelor of Applied Science Degree In Industrial Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| Coretec Inc. | Vice President & General Manager, Cleveland | Current |
| The Pennsylvania State University | Degree In Mechanical Engineering Technology | Former |
| Organization | Position | Status |
|---|---|---|
| Coretec Inc. | Managing Director | Current |
| Coretec Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Coretec Inc. | Director, Research & Development | Current |
| Organization | Position | Status |
|---|---|---|
| Coretec Inc. | Director, Environ | Current |
| Organization | Position | Status |
|---|---|---|
| Coretec Inc. | Director of Quality & Process Engineering | Current |
| Organization | Position | Status |
|---|---|---|
| Coretec Inc. | Director, Quality | Current |
| Organization | Position | Status |
|---|---|---|
| Coretec Inc. | Q.A. Manager | Current |
| Organization | Position | Status |
|---|---|---|
| Coretec Inc. | Quality Assurance Manager, Engineering | Current |
| Organization | Position | Status |
|---|---|---|
| Coretec Inc. | Manager, Matls | Current |
| Organization | Position | Status |
|---|---|---|
| Coretec Inc. | Current | |
| University of Toronto | Master's of Applied Science In Chemical Engineering | Former |
| University of Toronto | Bachelor's | Former |
| Organization | Position | Status |
|---|---|---|
| Coretec Inc. | Secretary | Current |
| Coretec Inc. | Secretary | Current |
| Organization | Position | Status |
|---|---|---|
| Coretec Inc. | Senior Developer | Current |
| Organization | Position | Status |
|---|---|---|
| Coretec Inc. | Current | |
| San Jose State University | BS in Industrial Technology | Former |
| Organization | Position | Status |
|---|---|---|
| Coretec Inc. | Current | |
| Mwcc | Degree In Electronic Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| Coretec Inc. | Current | |
| Metropolitan State University | Bachelor of Science Degree | Former |
| Organization | Position | Status |
|---|---|---|
| Coretec Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Coretec Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Coretec Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Ngrain Corporation | Director | Former |
| Ngrain Corporation | Chairman | Current |
| Coretec Inc. | Director | Current |
| Ernst & Young | Vice-Chairman | Former |
| University of Toronto | Bachelor of Arts degree in political science and economics | Former |
| Organization | Position | Status |
|---|---|---|
| Coretec Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Coretec Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Coretec Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Coretec Inc. | Board of Directors | Current |
| Volume | 83,942,904 |
| Shares Outstanding | 0. |
| Market Cap | 0. |
| Year High | 111.74 |
| Year Low | 67.10 |
| Earnings Per Share | 0.00 |
| P/E Ratio | N/A |
| Dividend | 2.30 |
| Yield | 2.0719 |
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