PixeLINK Sets Record Profits and Revenues for FY 2006
PixeLINK is pleased to announce that revenues reached a record level for FY2006, ending August 30th. Sales revenue increased 21% over fiscal 2005 based on strong increases in the machine vision market. The growth exceeded the market average of 11.9% and took place during a major restructuring of the company that included a change in senior management.
"2006 was a challenging year", said PixeLINK President & CEO Michael McKay. "Restructuring is never fun but we managed to make the necessary changes. With support from our distribution channel partners, our suppliers and the diligent work of our employees, we have revamped our operations and improved product lead times to five days on standard products. As a team, we are very pleased with the results of our efforts in fiscal year '06."
In addition to revamped operations, PixeLINK has also been active introducing new products by redesigning the PL-A series of cameras. Called the "B" series and building upon PixeLINK's reputation for ease of use and excellent image quality at affordable prices, the new line supports large-scale manufacturing with an expandable modular design. As well as an IEEE-1394 FireWire interface, the "B" series cameras can be purchased with a USB 2.0 interface. The USB 2.0 interface is expected to increase sales in the microscopy market where the plug-and-play simplicity of USB is an asset.
The entire product line is supported by a single Application Programming Interface, which allows customers to switch interface types without having to modify their application software. Existing applications for the FireWire PL-A series cameras will also work for the PL-B USB 2.0 cameras.
Looking forward McKay says, "We are anticipating another record year in 2007. Our focus is now on increasing our marketing and sales efforts while maintaining the momentum in new product development."
Company Name: PixeLINK
Phone: (613) 247-1211 x 223
Contact Name: Kevin Cooper
Title: VP Sales
E-mail: kevin.cooper@pixelink.com
