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Eyelit Inc. Achieves 40% Revenue Growth and Twelfth Consecutive Year of Profit in 2008

Photovoltaic (Solar) Industry Investment in Eyelit’s Manufacturing, Quality, and Automation Solution Continues to Drive Company Growth and Profitability

March 26, 2009, 04:26 PM Eastern Standard Time
TORONTO, Canada—(BUSINESS WIRE)—Eyelit Inc., a manufacturing software provider for visibility, control, and coordination of manufacturing operations for the aerospace and defense, discrete electronics, semiconductor, and photovoltaic (solar) industries, announced today record revenues for 2008, achieving 40% revenue growth over 2007.

Highlights for 2008 include:

  • Increased Revenue and Geographic Expansion: Eyelit posted record revenues for 2008, resulting in an increase of 40% over the previous year. The largest area of growth was new software license revenue. Eyelit saw a 50% increase in new customers in 2008 over 2007. Geographically, Eyelit signed a distribution, system integrator and support partnership with Systema GmbH in Germany as a global partner focused on Europe. This partnership has already yielded new customer wins and integration projects. Eyelit has begun its expansion into Asia, having hired personnel in Shanghai, China. Eyelit realized revenue across the globe in 2008, including Africa, Asia, Europe, Latin America, the Middle East, and North America, dramatically expanding the company’s geographic footprint.


  • Industry Diversification: Although the photovoltaic (solar) industry is significant, Eyelit also realized software license revenue from aerospace and defense, front-end semiconductor wafer fabs, back-end (assembly) semiconductor, and MEMS-based customers. Legacy PROMIS™ MES installed customers also furthered their investment in Eyelit’s software in 2008.


  • Future Growth and Looking Forward: Eyelit continues to see opportunities for future growth. Largely driven by new business from photovoltaic (solar) manufacturers in both thin film and silicon-based companies. Eyelit has already added new solar customers in 2009, including a 500-megawatt solar facility. Eyelit envisions increased interest from semiconductor companies running on legacy software and hardware. In addition, continued revenue growth outside of North America is expected in 2009.

“We are very pleased with the 40% growth and the results we achieved in 2008, particularly in light of the current economy. We saw some softness at the end of 2008 and some buying decisions delayed, but are happy that we’ve already been able to add new customers in 2009. Eyelit is cautiously optimistic about 2009, we expect solar to continue to lead with significant contribution from aerospace and defense and semiconductor, where we’ve seen a marked increase in sales activity in both 200-mm and legacy-MES migration opportunities. We are adding larger customers as global manufacturers continue to select Eyelit as their choice for mission-critical operations, which will result in additional services revenue,” said Dan Estrada, Vice-President of Sales and Business Development.

About Eyelit Inc. (www.eyelit.com)

Eyelit is the leader in Manufacturing Execution and Business Process Management (MES and BPM) solutions for visibility, control, and coordination of manufacturing operations for the aerospace and defense, electronics, semiconductor, and solar industries. Eyelit uniquely delivers a broad set of manufacturing solutions, including Asset Management, Factory Integration (Automation), Lean Manufacturing, Manufacturing Execution (MES), Supply Chain Execution, Quality Management (CAPA/OCAP, SPC, APC), and Business Process Management, which enable our 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 deliver quicker time to value. More than 40 leading companies, including A123Systems, Analog Devices, CaliSolar, FLIR Systems, Freescale Semiconductor, Innovalight, Nemotek, and VTI Technologies, rely on Eyelit as a trusted software partner.

Contact
Eyelit Inc.
Amy DeHeer
Tel: +1 905 502 6184
adeheer@eyelit.com

 
 
"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."