Micralyne Announces New Orders and Strong Revenue Growth
June 14, 2005
Edmonton, Alberta, June 14, 2005 – Micralyne Inc., a developer and OEM manufacturer of MEMS components, announced today it has secured two major manufacturing orders and has experienced strong revenue growth for its most recent fiscal year.
Micralyne has secured a significant new order in the optical telecommunications field in addition to a major order for an aerospace application. Both are manufacturing contracts for volume production of MEMS-based products, have a total value over $3 million dollars, and will be delivered in the next 6 months. Ongoing orders are expected to continue with both customers.
Micralyne also announced a 15% growth in revenue for its most recent fiscal year ending March 31, 2005.
“We are very pleased with our recent financial results as we generated strong revenue growth plus bottom-line net income profitability,” said Chris Lumb, President & CEO of Micralyne. “We know our strong financial position is very important to our customers as they select a foundry partner with a long-term relationship in mind.”
“Combining these manufacturing orders, new major development customers, and one of our strongest order books ever, we are expecting continued growth this current fiscal year,” continued Lumb. “We have recently increased our staff by 10%, adding a full additional shift in our plant, and we have initiated the purchase of some new major pieces of capital equipment in order to manage this growth. We are pleased with our growth today and look forward to strong growth the next few years.”
Micralyne develops and manufactures microfabricated and MEMS (Micro-Electro-Mechanical-Systems)-based products. Micralyne is one of the largest independent companies in the world that manufactures MEMS in high volumes. MEMS technology is built on the premise of making industrial components smaller, faster and less expensive and facilitates radical improvements in the miniaturization of electronic and mechanical devices. These types of devices are used in many industries including communications, automotive, aerospace, and life sciences. More specifically, Micralyne’s micron-scale solutions (i.e. 1000 microns = 1 millimetre) are found in automotive emission sensors, optical switching technology in telecommunication networks, lab-on-a-chip devices for drug discovery, and commercial press equipment for printing today’s most popular magazines. Micralyne is a profitable and growing company headquartered in Edmonton, Alberta, Canada.
For further information contact:
Mr. Chris Lumb
President & CEO
1911 – 94 Street
Canada T6N 1E6