Conihasset Capital Partners Wholly Owned Subsidiary, Diversified Fluid Systems Announces Strong Order Growth
Book to Bill Ratio reaches 1.88 in
This 1.88 figure is in steep contrast to the overall industry book to bill for the period ending
The book to bill ratio is a common measure of a company’s order backlog. This ratio tells whether the company has more orders than it can deliver (if greater than 1), has the same amount of orders that it can deliver (equals 1), or has less orders than it can deliver (under 1). This monthly figure is used frequently for companies in the technology and chip (semiconductor) sector (Source: Investopedia).
“While we are obviously pleased to see the industry begin to recover from the sharp contraction experienced in the 4th quarter of 2008 we are extremely gratified to see that the products, service and expertise of DFS founders and highly skilled personnel have been so well received by some of the biggest customers in the industry during this challenging time,” stated
“DFS core focus is on purity and process control. We believe that need for high purity fluid delivery systems used in cleanroom manufacturing coupled with the rise of nanotechnology and other applications where a single particle of dust can dwarf and contaminate the work product it comes in contact with will continuously feed the need for ever more sophisticated purity and control systems. This is why Conihasset made the investment in DFS,” Bailey added.
About SEMI: SEMI is a global industry association serving manufacturing supply chains for the microelectronic, display and photovoltaic industries. On the 20th of each month SEMI publishes the industry book to bill ratio for the three month period ending the 30th day of the previous month. The information referenced above can be found at www.semi.org.
About Conihasset: Conihasset Capital Partners is a publicly treaded holding company whose shares are currently quoted on the Pink Sheets under the symbol CNHA. It is headquartered in
About DFS: Diversified Fluid Systems LLC (“DFS”) of
Safe Harbor Language: Statements included in this press release that are not historical in nature are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 (the “1995 Act”). The words “believe,” “expect,” “anticipate,” “estimate,” “guidance,” “target” and similar expressions identify forward-looking statements. The Company cautions readers that forward-looking statements are subject to certain risks and uncertainties, which could cause actual results to differ materially from those projected in the forward-looking statements. The Company claims the protection of the safe harbor for forward-looking statements contained in the 1995 Act.
SOURCE Conihasset Capital Partners, Inc.