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Eyelit Inc. Achieves Record Revenue, Growth, and Profit in the Third Quarter of 2009

Builds on record revenue and profit from second quarter of 2009; Photovoltaic (PV) industry’s adaption of Eyelit’s Manufacturing, Quality, and Automation Solutions continues to drive company growth and profitability

October 6, 2009, 04:03 PM Eastern Daylight 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 announced today its record revenues for the third quarter of 2009, the second consecutive quarter of revenue growth over 2008.

Highlights for the third quarter of 2009 include:

  • Increased revenue and company growth: Eyelit posted record revenues for the third quarter of 2009, doubling the number of new customer wins over the same period in 2008. Eyelit added its first 300-mm fab customer in the quarter from the semiconductor industry. Eyelit also added another photovoltaic (PV) customer in the quarter, bringing the year-to-date total to four new customers from the solar industry. Three of Eyelit’s solar customers currently have projects underway to add 500 megawatts of production capacity. Eyelit continues to invest in Asian expansion, having tripled the number of Eyelit personnel in its office located in Shanghai, China. Eyelit’s install base contributed by adding new plants and kicking off two projects for SAP integration services during the quarter.

  • PROMIS MES to Eyelit Manufacturing and Quality Management Suite: Eyelit started and completed another successful migration from PROMIS MES to Eyelit Manufacturing and Quality Management Suite in the quarter. The migration was completed in eight weeks and involved two physical wafer-fab manufacturing sites, which contained five legacy plant models within a single PROMIS MES instance. Both the legacy MES and Asset Management applications were migrated, combining them into a single solution along with SPC from Eyelit. The existing SAP integration was also moved over during this short period of time.

  • Future growth and looking forward: Eyelit is well positioned for continued future growth with new opportunities in Asia and in the industries of aerospace and defense, MEMS, and solar. Eyelit also sees opportunities within the semiconductor industry, as many semiconductor factories, which are running legacy MES systems, face imminent hardware and software obsolescence. Eyelit presents an opportunity for such customers to upgrade software to a newer generation MES as well as dramatically lowering the cost of ownership. Eyelit continues to expand its global footprint and add new global partners, in a quarter that promises to yield quick and positive results in tandem with a global economic recovery.

"We continue to be cautious; we wanted to see two quarters of growth before talking about growth again. We’re very happy with the results of the last two quarters in which we’ve already exceeded our total of new MES customer wins from 2008 by 20%. The first quarter of 2009 is the only quarter where we saw a drop in revenue in the last 14 quarters when compared with the same period from the previous year. Our partnership with Systema GmbH has already paid dividends, and we are expanding and deepening our cooperation and collaboration with them," 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 Business Process Management (MES and BPM) solutions for visibility, control, and coordination of manufacturing operations for the aerospace and defense, electronics, semiconductor, and solar industries. Eyelit uniquely delivers a broad set of manufacturing solutions, including Asset Management (Semi E10), Factory Integration (Automation), Manufacturing Execution (MES), Supply Chain Execution, Quality Management (CAPA/OCAP/
SPC/APC), and Business Process Management, which 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 A123Systems, Analog Devices, 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."