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Posts Tagged ‘sarin’

Sarin Tech acquires Light Performance Technology

Mainboard-listed Sarin Technologies (U77:SI), the manufacturer of precision tools for the evaluation of diamonds and gems, says it has acquired the Light Performance Technology (LPT) from Overseas Diamonds Technologies NV (ODT).

The ODT LPT is a proven light performance system previously in use with several hundred retailers in the United States and Asia. The system enables the automatic, independent and accurate measurement of a polished diamond’s appearance by assessing its light performance characteristics like brilliance and symmetry.

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Sarin starts delivery of Solaris 100 to customers in India

Mainboard-listed Sarin Technologies, the developer of products for the planning, processing, evaluation and measurement of diamonds, says it has started delivery of the Solaris 100 inclusion mapping system especially designed for smaller rough diamonds to customers in India.

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Sarin Technologies posts 95% rise in 3Q net profit to $1.03m

Mainboard-listed Sarin Technologies, the manufacturer of instruments for evaluating of diamonds and gems, says revenue and net profit rose 34% and 95% to US$8.4 million and US$0.8 million respectively for the three months ended 30 September 2010 (3QFY2010) compared to the corresponding period last year (3QFY2009).

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Sarin launches Strategist laser sawing planning system

Mainboard-listed Sarin Technologies (U77:SI), the manufacturer of equipment for evaluating diamonds and gems, has launched the Strategist laser sawing planning system for all customers of the Quazer laser saw.

The Strategist provides the Sarin’s laser sawing suite with a dual purpose system – an independent setup station (hardware) and a computerised planning tool (software). These enables multiple sawing jobs of multiple diamonds to be prepared offline, freeing up valuable laser time.

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Sarin launches DiaExpert Nano with enhanced capabilities

Mainboard-listed Sarin Technologies, the manufacturer of precision products for the evaluation of diamonds and gems, says it has launched the enhanced DiaExpert Nano rough planning and marking system with an extended range to cover small- to medium-sized rough diamonds.

Sarin says the DiaExpert Nano 6.5 can process diamonds from 0.15 to 0.70 carats in weight in less than one minute total, which includes the time it takes for modelling, planning and marking.

The previous model of DiaExpert Nano system was designed for small rough diamonds between 0.01 and 0.30 carats in weight.

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Sarin Tech in the black with net profit of $4.6m for 2Q

Mainboard-listed Sarin Technologies, the manufacturer of precision technology products for the evaluation of diamonds, says for the three months ended 30 June 2010 (2QFY2010), revenue rose 290% over the previous corresponding period to a record quarterly high of US$14.3 million ($19.4 million).

The increase was broad-based across all geographical segments and was boosted by ongoing positive momentum in Galaxy product-related activities which contributed more than 10% of group revenue. On a sequential quarterly basis, revenue was up 6% with broad based growth across all regions except Africa, which benefited from significant sales to a major new client in Q1 2010. The group recorded revenue of US$27.9 million in 1HFY2010, an improvement of 489% over 1HFY2009.

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May 31: Parkway, Wilmar, SIA, Chasen, Sarin Tech, King Wan Corp, Informatics

Singapore stocks, led by financials, are likely to face selling pressure after a downgrade of Spain’s credit rating renewed fears that the euro zone’s debt problems could dent a global economic recovery.

The benchmark Straits Times Index rose 1.6% to 2,739.70 points on Thursday. The market was closed on Friday for a public holiday.

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May 11: DBS, Tiger Air, Cerebos, Sarin, FJ Benjamin, 8Telecom, OKP, China Paper

Singapore’s benchmark Straits Times Index (.FTSTI) jumped 2.11% to 2,880.48 points on Monday.

Singapore stocks are expected to gain on Tuesday, along with other Asian markets, relieved by the US$1 trillion package to contain the European sovereign debt crisis.

US stocks racked up their biggest one-day gain on Monday in over a year as an agreement on the emergency rescue package from the EU quelled fears a new credit crisis would derail European economies. Here are some stocks and factors to watch:

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Sarin Technologies swings back to profitability with net income of $6m

Sarin Technologies, the manufacturer of precision technology products for the planning, processing, evaluation and measurement of diamonds and gems, says net profit for the quarter ended 31 March 2010 hit (1QFY2010) hit US$4.4 million ($6.1 million) compared to the net loss of US$2.5 million in 1QFY2009 and in line with the net profit reported in 4QFY2009.

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BHP Billiton adopts Sarin’s Galaxy 1000 diamond mapping system

Sarin Technologies, the manufacturing of precision technology for the processing, evaluation and measurement of diamonds and gems, says BHP Billiton has adopted the group’s Galaxy 1000 automated internal diamond mapping equipment to help in the sale of rough diamonds to customers.

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Sarin Technologies turns around with $6.3m net profit in 4Q

Sarin Technologies, the manufacturer of precision technology products for processing diamonds and gems, says net profit rose to US$4.5 million for the quarter ended 31 December 2009 (4Q2009).

The year 2009 was characterised by a weak first half, followed by a strong recovery in the second half. Underpinned by the continued recovery of the diamond manufacturing industry, Sarin recorded a 314% increase in 4Q revenue to US$10.4 million.

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