Product category:
Temperature measurement: IR techniques
News Release from: Cedip Infrared Systems
Edited by the Processingtalk Editorial
Team on 15 September 2006
Cedip reports on 2006 results + major US
contract
Cedip Infrared Systems, a supplier of high performance infrared camera systems, announces its consolidated sales turnover for first half of the year and the signing of an important contract in the USA
Cedip Infrared Systems, a supplier of high performance infrared camera systems, recently announced its consolidated sales turnover for first half of the year and the signing of an important contract in the United States of America In spite of the effect of the traditionally unfavourable seasonal variation - Cedip Infrared Systems reported consolidated sales of Euro7.7 M for the first six months of 2006, representing a growth of 19% compared to the first half of 2005
This article was originally published on Processingtalk on 13 Feb 2008 at 8.00am (UK)
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Over this period exports represented 86% of sales, with particularly strong growth reported for the Asia - Pacific region.
Due to transfer of orders from the first six-month period into the second six-month period 2006, by Swedish subsidiary Polytech, pro forma sales turnover moved back 12%.
For the complete FY 2006, Cedip Infrared Systems management is confident to realise a sales turnover in line with its objectives.
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The Altair IR image software processing suite meets the most demanding thermal analysis requirements in scientific, target signature and non-destructive testing applications
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The Adamant IR camera from Cedip Infrared Systems is a compact, yet powerful thermal surveillance system designed for a wide range of demanding applications
Focus on IR cameras at Photonex 2007
Cedip Infrared Systems has chosen the Photonex exhibition, at Stoneleigh Park on 17-18 October, to present the new additions in its affordable, high performance IR camera range for the UK market
In addition, Cedip Infrared Systems has announced the signing of a million dollar contract for supply of infrared equipment to a research centre of the American army.
This new order will be delivered and integrated in the sales turnover of the second six-month period.
This contract illustrates the effective implementation of the U.S strategy previously announced by Cedip and marks a further penetration of the US market - the leading market in the world for Infrared monitoring and safety equipment.
Pierre Potet, CEO of Cedip Infrared Systems concluded: "After a first half year in alignment with our expectations, we are confident to realise a significant growth in sales for the second half of the year.
The major American Army contract, gained in conjunction with our US distributor Electrophysics, proves the ability of Cedip to penetrate difficult markets thanks to a growing recognition of the technological strengths of our product portfolio.
Our increasing participation in many international exhibitions will make it possible for Cedip to further increase international awareness of the company and to create new outlets and customers by presenting our comprehensive range of exciting new products." Cedip Infrared Systems develops, designs, manufactures and markets high performance infrared cameras and systems for industrial, research, surveillance and security organisations.
The group offers a complete range of infrared cameras and systems focused in 3 areas: instrumentation and industrial control, civil and military surveillance and security and airborne imaging systems.
Thanks to a unique combination of technological know-how in electronics, optics, precision mechanics and software, the Cedip teams of engineers and highly qualified technicians, backed by a world network of informed distributors, support a growing customer base in more than 50 countries.
In 2005 - Cedip Infrared Systems achieved a consolidated pro forma sales turnover of Euro16 M (including 85% export sales) with a consolidated pro forma net income of Euro2.6 M.
Cedip has been listed on Alternext by Euronext Paris since June 2006. Request free introductory details about products from Cedip Infrared Systems ...
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