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Eyelit Inc. Triples License Revenue and Increases Overall Revenue by 75% in the First Quarter of 2010

Photovoltaic (PV) and semiconductor industries continue to drive Eyelit’s growth and global expansion

June 17, 2010, 2:57 AM 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 that it more than tripled its first quarter license revenue and recorded a 75% total company revenue growth since the same quarter last year. The revenue increase is driven primarily by the demand for Eyelit products in high-volume, highly automated factories in the semiconductor and solar industries.

Highlights for the first quarter of 2010 include:

  • Revenue growth: Eyelit saw a 75% revenue increase in the first quarter of 2010, in comparison to the same quarter last year. License revenue more than tripled in the quarter, highlighted by PV CIGS customer Solyndra’s continued investment in Eyelit with their purchase of Eyelit’s software for its 500MW fab2.

  • Increasing global footprint and company growth: Eyelit’s overall company staffing grew by more than 25%, with a 60% increase in consulting services during the first quarter to support the growing global demand for Eyelit products. Eyelit’s consulting services were actively engaged in customer projects on five continents during the first quarter.

  • Eyelit’s solar customers in the spotlight:The solar industry continues to drive Eyelit’s company growth. Two solar customers, Solarworld AG and Solyndra, were recently in the news; SolarWorld AG inaugurated its new solar wafer production in the presence of Germany’s Federal Environment Minister Röttgen in Freiberg, and President Obama recently visited Solyndra’s Fab 2. Both customers are ramping fully automated, high-volume solar manufacturing facilities with Eyelit’s software.

"We are off to a great start for 2010; we expect increased contribution from our install base, as a result of a record-high number of new customer wins in 2009. We’ve hired and are continuing to hire employees to support the demand from our growing customer base. We are also seeing a rebound in the Semiconductor industry, with our turn-key migration solution offering semiconductor manufactures a risk-free migration from legacy MES systems, such as FACTORYworks, PROMIS and Workstream, to Eyelit’s modern MES solution." 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 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 40 leading companies, including Ascent Solar, austriamicrosystems, A123systems, CaliSolar, CEA-Leti, Deutsche Solar, FLIR Systems, Freescale Semiconductor, Innovalight, Nemotek, Sematech, Solyndra, Tower Semiconductor, Umicore, and VTI Technologies, rely on Eyelit as a trusted software partner.

Eyelit Inc.
Colleen McArdle
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."