Edmund Optics Announces 13 Consecutive Quarters of GrowthSeptember 20, 2006
The company reports significant advances in LED illumination technology, large format imaging lenses, and precision reflective microscope objectives.
Barrington, NJ -- In its annual report to shareholders, Edmund Optics (EO) reported 13 consecutive quarters of year-on-year sales growth. The latest quarter marked a 10.6% increase in consolidated revenue in 2005 and a 5% improvement in profitability.
Edmund CEO, Robert Edmund, commented, "This remarkable three-year performance of continuous growth demonstrates the stability of EO in the competitive and fast-moving optics industry. Furthermore, we have invested in the future to continue this growth trend," he added.
With new sales offices, distribution centers, and manufacturing facilities throughout the world, EO notes that it is "the largest supplier of off-the-shelf optical components." Supporting this statement is EO's extensive global inventory, totaling over $12 million with more than 11,000 unique SKUs.
Edmund reported a 113.9% increase in research and development expenses, with significant advances in LED illumination technology, large format imaging lenses, and precision reflective microscope objectives. The company also stated significant investments in its global manufacturing equipment, with specific emphasis on aspheric generation and polishing to supply both standard and custom aspheres for a variety of markets, including the U.S. military.
Edmund's new Shenzhen, China, manufacturing and design center will play a greater role in 2006 as the company continues to expand its own line of opto-mechanical assemblies and illumination devices.
Mr. Edmund, noted, "With continued investments in manufacturing equipment, metrology, and engineering talent, we are committed to providing our customers with more products, technology, and service than anyone in the industry."
EO is a leading producer of optics, imaging, and photonics technology. Supporting the R&D, electronics, semiconductor, pharmaceutical, biomedical, and military markets around the globe; EO products are used in a variety of applications, ranging from DNA sequencing to retinal eye scanning to high-speed factory automation. EO's state-of-the-art manufacturing capabilities combined with its global distribution network has earned it the position of the "world's largest supplier of off-the-shelf optical components." Customers can purchase items by contacting EO at 800-363-1992, via the catalog, or via the Web site. For additional information, contact Marisa Edmund at 856-573-6250 or firstname.lastname@example.org.
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