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Eyelit Inc. Achieves Record Revenue and Profit in the Fourth Quarter of 2009

Eyelit realizes a 75% increase in new customer wins in 2009, led by the photovoltaic (PV) industry

March 3, 2010, 12:27 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 solar industries, announced today record revenue for the fourth quarter of 2009—the highest quarterly revenue in the company’s history.

Highlights of the fourth quarter of 2009 include:

  • Record revenue: Eyelit posted record revenue for the fourth quarter of 2009—a new high in single-quarter revenue in Eyelit’s history. Eyelit nearly doubled the number of new customer wins in 2009 over 2008. In the fourth quarter, new wins included another 200-mm wafer fab customer from the semiconductor industry, along with a roll-to-roll thin film, CIGS solar manufacturer from the photovoltaic (PV) industry, bringing the total to five new solar customers added in 2009. Eyelit also realized a significant contribution in earnings from its existing customers during the fourth quarter with new upgrades and expansion in existing factories.

  • Increasing global footprint and company growth: In 2009, Eyelit added new customers in Belgium, Brazil, and France. Eyelit’s software is now making its mark on 5 continents. Eyelit is expanding its relationship with its German partner SYSTEMA beyond Europe. Eyelit also added a new reseller partnership in South America in the fourth quarter that resulted in a new customer win. Eyelit has hired staff in both North America and Asia and is continuing its recruitment efforts to keep up with growing demand for its products.

  • Solar industry drives Eyelit’s growth: The solar industry continues to drive Eyelit’s growth, Eyelit having added a wide range of solar manufacturing companies to its customer base in 2009. Eyelit signed new solar manufacturing customers in thin-film photovoltaic (PV), UMG-silicon photovoltaic (PV), concentrator photovoltaic (CPV), mono- and multi-crystalline silicon wafers for photovoltaic (PV) and silicon photovoltaic (PV) cell manufacturing. Among these customers are some of the largest solar production sites in the world, as well as emerging technology companies.

"We finished the fourth quarter even better than we had expected. We are seeing contributions from multiple industries, led by solar and semiconductor. We expect growth again in 2010, and we are well positioned to support and sustain the expected increase in demand through our recent and continued staff recruitment. With a record high in new MES customer wins in 2009, we expect that our established customers will contribute much more to our future growth. As the semiconductor industry recovers, we look forward to more legacy semiconductor MES migrations to Eyelit MES. We are seeing more interest from companies using FACTORYworks, PROMIS, and Workstream MES solutions looking to modernize and lower the total cost of ownership of their factory software," said Dan Estrada, Vice-President of Sales and Business Development.

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, semiconductor, and solar industries. Eyelit uniquely delivers a broad set of manufacturing solutions, including Asset Management (Semi E10, SEMI PV2-0709), Factory Integration (Automation), Manufacturing Execution (MES), Supply Chain Management, Quality Management (CAPA/OCAP/SPC/APC/RMA), and Business Process Management, that enables 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 increase efficiency and value. More than 40 leading companies, including Ascent Solar, austriamicrosystems, CaliSolar, Deutsche Solar, FLIR Systems, Freescale Semiconductor, Innovalight, Nemotek, Tower Semiconductor, Umicore, and VTI Technologies, rely on Eyelit as a trusted software partner.

Eyelit Inc.
Amy DeHeer
Tel: +1 905 502 6184

"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."