Date: 17/05/2010

Trio-Tech's recent quarterly revenues spike due to rise in semiconductor test equipment sales

California based Trio-Tech International with its interest in diverse businesses such as semiconductor test and manufacturing, oil and gas equipment fabrication, solar products and real estate has reported high revenue growth in its latest quarter. Trio-Tech has reported revenue of $10,771,000 for the third quarter ended March 31, 2010, an increase of 195% compared to $3,651,000 for the third quarter of fiscal 2009, and 74% compared to $6,190,000 for the second quarter of fiscal 2010. The net loss from continuing operations attributable to Trio-Tech International's common shareholders for this year's third quarter was $142,000, or $0.04 per share, compared to a net loss from continuing operations for the third quarter of fiscal 2009 of $138,000, or $0.04 per share, and narrowed from the net loss for this year's second quarter of $557,000, or $0.17 per share.

Trio-Tech's has said sharp rise in sales of semiconductor test equipment products and solar business has attributed for the big jump in its quarterly revenue.

"We believe that demand for our semiconductor test equipment continued to benefit from the recovery of the global semiconductor market that became evident late last year. Results also benefited from the strong performance of TT Solar in its first full quarter of operations and, in view of the Singapore government's commitment to expanding investment in green technologies, we are hopeful about TT Solar's future growth," said SW Yong, Trio-Tech's CEO.

"Increased volume in our core semiconductor testing equipment and services businesses is a welcome development, and we are encouraged by the positive trends we see in the electronics industry worldwide. At the same time, our strategy to add new sources of revenue is beginning to generate the incremental growth we anticipated. We believe that PT SHI Indonesia is well positioned to benefit from growth in the Indonesian oil and gas industry and that TT Solar gives us a meaningful toe-hold in the emerging green energy business in Singapore," Yong said.

Company also stated, for the nine months ended March 31, 2010, revenue increased 54% to $24,054,000 compared to $15,667,000 for the first nine months of fiscal 2009. The net loss from continuing operations for this year's first nine months was $1,231,000, or $0.38 per share. This compares to a net loss from continuing operations for the first nine months of fiscal 2009 of $843,000, or $0.27 per share.

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