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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 recent open-market stock purchases by Company insiders. During the most recent trading window that opened following the Company's first quarter financial report, several insiders including Board members and senior management purchased Data I/O common stock, the details of which are disclosed as appropriate in Form 4 filings with the Securities and Exchange Commission.
William Wentworth, President/CEO and Executive Board Member of Data I/O Corporation, said, "I am encouraged by my fellow insiders joining me in making open-market purchases of the Company's common stock. These purchases underscore the confidence we have in delivering on our long-term strategic goals for driving market dominance, revenue growth and profitability. Although considerable progress was made in key operational areas and we delivered sequential growth despite global trade tensions in the first quarter, we believe recent prices for Data I/O common shares do not represent the inherent value of our business and future growth opportunities. The recent open-market purchases of our common stock should send a strong message that now, more than ever, we are aligned with all our shareholders and look forward to improved return on investment."
Posted In: DAIO
