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Press Release 10/2010
congatec records significant third quarter growth
2010 sales increase by 86% compared to last year
Deggendorf, Germany, November 8, 2010 * * * congatec AG, a leading manufacturer of computer modules, continues its upwards 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 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 an order backlog worth over 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 AG
congatec AG has its head office in Deggendorf in Bavaria. It is an innovative business that specializes in the development and marketing of industrial computer modules using the standard form factors Qseven, COM Express, XTX and ETX. With this focus and annual revenue of 26 million euros (2009), congatec is today a leading manufacturer in this field. The company’s products can be used in a variety of industries and applications, such as industrial automation, medical technology, automotive supplies, aerospace and transportation. Core knowledge and technical know-how includes unique extended BIOS features as well as comprehensive driver and board support packages. Following the design-in phase, customers are given support via extensive product lifecycle management. The company’s products are manufactured by specialist service providers in accordance with modern quality standards. congatec currently has 92 employees and branch offices in the UK, Sweden, the Czech Republic, Israel, Taiwan and the USA. More information is available on our website at www.congatec.com. * * *
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