Dense-Pac Filling $1.3 Million in Orders

Dense-Pac Microsystems Inc. said Wednesday that it recently received purchase orders for its computer chips totaling almost $1.3 million from domestic customers.

The company makes a range of memory systems specially designed for high-density packaging so that it can be shipped using a minimum of space and weight.

Dense-Pac, which formerly focused almost entirely on the defense industry, has gone through a transition over the past three years because of military cutbacks. Today, half of its customer base is non-military, said William M. Stowell, chief financial officer at the company’s Garden Grove headquarters.

Thanks to an increase in domestic orders, Dense-Pac expects revenue to double this year to $14 million, Stowell said.

Separately, States News Service reported Wednesday that James G. Turner, chief executive officer of Dense-Pac, has reduced his stake in the company. He now owns less than 5% of the stock.

Turner sold 135,000 shares between May 5 and June 15 at prices ranging from $2 a share to $2.79 a share, according to a filing with the Securities and Exchange Commission.

In Wednesday’s trading on the NASDAQ market, Dense-Pac closed at $2.84 a share.