2010 Sales Increase by 86% Compared to Last Year
SAN DIEGO — (BUSINESS WIRE) — November 8, 2010 — congatec AG, a leading manufacturer of computer modules, continues its upward trend recording a significant sales increase for the third quarter of 2010. In the first nine months of 2010 the company achieved overall revenue of $44.8 million dollars (or 32 million Euro) from the sales of embedded computer modules and accessories. This represents an increase of 86% over the same period last year.
"It is not just our sales figures that show a positive trend; we were also able to achieve backlog worth over $28 million dollars (or 20 million Euro) – which is a record best for congatec," said Josef Wenzl, congatec's new chief financial officer. "congatec computer modules are at the leading edge of technology. This has enabled us to successfully implement many large-scale projects. The above-average growth is generated by all regions and various industries. With only a 3% dip in revenue during the economic downturn of 2009 compared to 2008, the 2010 trend confirms that congatec can look to the future with optimism."
About congatec
With US headquarters in San Diego, California, congatec AG is an innovative provider of industrial computer modules based on Qseven, COM Express, XTX and ETX standard form factors. Thanks to this specialization and annual revenue of $33 million (or 26 million Euro), congatec has established itself as a leading supplier in this sector. The company's products support all types of industry applications spanning industrial automation, medical and automotive as well as the aerospace and transport sectors. Key know-how includes extended BIOS and driver support as well as comprehensive board support packages. Customers receive complete product lifecycle support starting early during the design-in stage. All congatec products are manufactured by specialized contract manufacturers who fulfil the latest quality standards. congatec currently employs 75 staff and has offices in Pilzen/Brno in the Czech Republic, Taipei/Taiwan and San Diego/USA. More information about the company can be found by visiting www.congatec.us.
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