DGT HOLDINGS CORP (GREY:DGTC)

John J. Quicke, Del Global’s President and Chief Executive Officer, commented “In spite of a continuing sluggish economy, we are pleased with the sales and earnings for the second quarter from our Medical and Power businesses. Both of these businesses continue to pursue operating improvements through lean manufacturing initiatives. In addition, our effort to complete the transition of the Del Medical business to a new owner and wind down our investment is proceeding better than we planned. We remain cautious about the international economic recovery and its impact on our Medical business.”

The consolidated backlog at January 31, 2010 was $12.3 million compared to the backlog at August 1, 2009 of approximately $10.6 million. The Medical System segment’s backlog was approximately the same as at August 1, 2009. The backlog in the Power Conversion Group of $6.2 million reflects an increase of $1.7 million from levels at the beginning of the fiscal year. Customer quote activity for the Power business has been very strong. Substantially all of the backlog should result in shipments within the next 12 to 15 months.

Source: Business Wire (March 11, 2010)