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Eyelit Announces Record Third-Quarter Revenues from Its Manufacturing Execution (MES) and Quality Management (QMS) Software

30% increase in revenue for the third quarter of 2014 including strategic growth in the life sciences industry

January 5, 2015 8:00 AM Eastern Standard Time
TORONTO--(BUSINESS WIRE)--Eyelit Inc., a manufacturing software provider for visibility, control, and coordination of manufacturing operations for the aerospace & defense, discrete electronics, life sciences, medical device, semiconductor, and photovoltaic (solar) industries, announced today its continued growth with a 30% increase in total revenues in the third quarter of 2014.

“We continue our track record of successfully migrating customers from legacy systems, including WorkStream, PROMIS, and FactoryWorks. Additional projects in progress are enabling customers to replace MES systems from Camstar and IBM with Eyelit’s advanced and unified MES and QMS products”

Business Results

Eyelit continued its growth in the third quarter of the year by increasing revenues by 30% over revenues in the third quarter of 2013. Software license sales were 40% higher year over year for the third quarter. Regionally, Asia was the largest contributor to services revenue. “We continue our track record of successfully migrating customers from legacy systems, including WorkStream, PROMIS, and FactoryWorks. Additional projects in progress are enabling customers to replace MES systems from Camstar and IBM with Eyelit’s advanced and unified MES and QMS products,” stated Dan Estrada, Eyelit’s Vice-President of Sales and Marketing. “We have a solid foundation for further growth including discrete assembly and life science segments; we expect full-year and fourth-quarter revenue growth as a result of recent new customer wins, including two new Global 500 companies. One of those new projects will be another WorkStream MES migration. We have two WorkStream MES migration projects planned in 2015.”

Product Updates

Keeping pace with the rapid growth, Eyelit continues to deliver extensive enhancements in its suite of products. The general release of version 5.2, including the new Recipe Management (RMS) module, was another significant, third-quarter achievement. New functionality was added to the underlying platform and across all modules, including many new features in the QMS workflow engine, Advanced Dispatching, Asset Management, SPC, and Special Processing/SWR modules. Version 5.2.1, which is highlighted by the new Eyelit Operator Certification™ module, is targeted for release in the first quarter of 2015.

About Eyelit Inc. (www.eyelit.com)

Eyelit Inc. is the leader in Manufacturing Execution and Quality Management (MES and QMS) solutions for visibility, control, and coordination of manufacturing operations for the aerospace & defense, electronics, life sciences, medical device, semiconductor, and solar industries. Eyelit uniquely delivers a broad set of manufacturing solutions, including Asset Management (Semi E10, SEMI PV2-0709), Dispatching, Factory Integration (Automation), Manufacturing Execution (MES/MOM), Recipe Management, Supply Chain Management, Quality Management (CAPA/OCAP/SPC/APC/RMA), and Business Process Management, that enable its customers to rapidly and cost-effectively optimize production and company processes.

With exceptional customer service, Eyelit has time and again proven that superior innovative technology can maximize efficiency and value. More than 50 leading companies, including Ascent Solar, JSC Angstrem-T, austriamicrosystems, BinOptics, CEA-Leti, CEITEC, eMagin, FLIR Systems, Freescale Semiconductor, Kionix, M/A-COM Technology Solutions, Mentor Graphics, Murata Electronics Oy, PerkinElmer, Raytheon, SEMATECH, TowerJazz, Umicore, and X-FAB, rely on Eyelit as a trusted software partner. Follow Eyelit on Twitter.

Contact
Eyelit Inc.
Ana Sanchez
Tel: +1 905 502 6184
info@eyelit.com

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"Eyelit is one of a new breed of production management suppliers that "gets it" when it comes to plant software. This is what manufacturers need in order to enhance enterprise performance in real time."