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Eyelit Inc. Announces its 15th Consecutive Year of Profits and Growth for 2012

Eyelit’s global expansion and new Manufacturing Execution System (MES) products in 2012 attract customers in back-end semiconductor and discrete assembly industries

March 6, 2013 10:59 AM Eastern Time
TORONTO, Canada—(BUSINESS WIRE) Eyelit Inc., a manufacturing software provider for visibility, control, and coordination of manufacturing operations for the aerospace & defense, discrete electronics, semiconductor, and photovoltaic (solar) industries, announced today its growth and profit, as well as significant business and product achievements, during the 2012 fiscal year.

Business results

With year-over-year growth highlighted by substantial revenue growth over the first three quarters, 2012 marked the 15th consecutive year that Eyelit has been profitable since it was founded in 1997. The company also has a very positive outlook for 2013, with a record number of concurrent projects underway across four continents and a strong pipeline developed in the fourth quarter of 2012. Eyelit continued to expand its customer base, globally and in key industry segments. The deployment at TowerJazz Japan’s state-of-the-art foundry fab was extremely significant, with Eyelit serving as TowerJazz Japan’s prime contractor. Eyelit also experienced continued growth through MEMS manufacturing and strategic back-end semiconductor and display industry projects.

Eyelit’s professional services revenues grew by 50 percent in 2012. The company also doubled its professional services staff, including additional new hires in Europe to facilitate rapid business growth. A record number of customer migrations from legacy systems to Eyelit MES are driving the expansion of Eyelit’s global presence.

"As competing software vendors phase out the sales and support of their legacy MES systems, we are able to hire industry experts, who formerly supported those legacy systems and are now attracted to the advanced technology of Eyelit products,” stated Salil Jain, Eyelit’s President and Chief Executive Officer. “It is a double win for us because we have been replacing those legacy systems for several of our customers and are taking advantage of an increasing pool of talent that has become available as a result of the phase-out."

New advanced technology products

"The release of Version 5.0 and powerful new modules in 2012 has elevated Eyelit’s product suite to new heights. Customers in all manufacturing industry segments have embraced Eyelit Automated Data Services™ and Eyelit Mobile Web Portal™ for lowering the cost of automation and integration, and improving visibility of factory performance through “anywhere access.” This year, Eyelit will introduce new, innovative features that it has been developing in close collaboration with customers during implementation projects in 2012 and 2013. New capabilities for operational reporting, advanced, real-time dispatching, recipe management, and special processing have proved to be extremely valuable to front-end and back-end semiconductor, as well as discrete electronics companies. Eyelit will formally roll out its new modules in 2013."

2013 User Conference on the horizon

Eyelit recently announced that its next User Conference will be held September 30 – October 2, 2013 at the beautiful Loews Coronado Bay Resort in San Diego, California. Working sessions will be invaluable to customers as they connect and share their unique success stories, and participate in technical presentations on new product enhancements, hands-on training labs, product demonstrations, and discussions on best practice strategies.

Updates regarding the agenda, registration, and accommodations will be posted on Eyelit’s conference website, www.eyelit.com/conference2013. For more information, email conference@eyelit.com.

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), 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 increase efficiency and value. More than 50 leading companies, including Ascent Solar, austriamicrosystems, CEA-Leti, eMagin, FLIR Systems, Freescale Semiconductor, M/A-COM Technology Solutions, Nemotek Technologie, Mentor Graphics, SEMATECH, TowerJazz, Stion, Umicore, and Murata Electronics Oy, rely on Eyelit as a trusted software partner. Follow us on LinkedIn and Twitter.

Eyelit Inc.
Colleen McArdle
Tel: +1 905 502 6184

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