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Edmund Optics Announces 13 Consecutive Quarters of Growth
Edmund Optics Posted 08/21/2006
August 21, 2006 — Barrington, NJ. In its annual report to shareholders, Edmund Optics 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, Edmund notes that it is ‘‘the largest supplier of off-the-shelf optical components.’‘ Supporting this statement is Edmund’s extensive global inventory, totaling over $12M 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 in order to supply both standard and custom aspheres for a variety of markets including the US 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.’‘
Edmund Optics (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 1-800-363-1992, via the catalog, or via the website at www.edmundoptics.com.
550 Mamaroneck Avenue
Harrison, NY 10528
Vice President, Marketing
Edmund Optics, Inc.
101 East Gloucester Pike
Barrington, NJ 08007 U.S.A.