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Eyelit Announces First-Quarter Revenue Growth and Company Profit From Its Manufacturing Execution (MES) and Quality Management (QMS) Software

Eyelit’s strategic new sales win of a Global 100 consumer electronics leader signals a strong start for 2015

August 13, 2015 2:32 PM Eastern Daylight 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 revenue growth for the first quarter of 2015, and a dramatic increase in its new software license revenue.

“We are hiring additional staff for our consulting services and development teams to keep up with the increased global demand for Eyelit’s products.”

Business Results

Eyelit continued its growth in the first quarter of the year by increasing software license revenues by over 40% in comparison to the first quarter of 2014. The rise was highlighted by a multi-site project for a major new customer, a consumer electronics company on the Global 100 index. Regionally, North America was the largest contributor to revenue growth followed by Asia.

“We finished with good first quarter growth and profit, and we were able to build on our full-year profit and revenue growth from the previous year. Eyelit is well positioned for accelerated expansion in the rest of 2015. We expect substantial gains in services revenue this year with the kickoff of two new WorkStream MES migration projects, one located in Europe and the other in North America. We also expect a significant revenue boost in the second and third quarters from follow-on business with our large corporate customers,” stated Dan Estrada, Eyelit's Vice-President of Sales and Marketing. “We are hiring additional staff for our consulting services and development teams to keep up with the increased global demand for Eyelit's products.”

Product Updates

During the first quarter of 2015, Eyelit’s customers rolled out version 5.2 of the Eyelit software suite while Eyelit was rapidly adding extensive new functionality to its next major release. Eyelit version 5.2.1 will introduce the Operator Certification™ module and other new and powerful complementary products, which extend the reach of Eyelit’s software suite into additional industry segments beyond its current target markets.

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, austriamicrosystems, CEA-Leti, CEITEC, eMagin, FLIR Systems, Freescale Semiconductor, JSC Angstrem-T, Kionix, Mentor Graphics, Murata Electronics Oy, PerkinElmer, Raytheon Company, SEMATECH, TowerJazz, Umicore, and X-FAB, rely on Eyelit as a trusted software partner. Follow Eyelit on LinkedIn and Twitter.

Contact
Eyelit Inc.
Colleen Mauthe
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."