Cedip reports strong growth, new US contract

Sept. 13, 2006
SEPTEMBER 13--Cedip Infrared Systems (Croissy-Beaubourg, France), a supplier of high-performance infrared camera systems, reported consolidated sales of 7.7 M€ for the first six months of 2006.

SEPTEMBER 13--Cedip Infrared Systems (Croissy-Beaubourg, France), a supplier of high-performance infrared camera systems, reported consolidated sales of 7.7 M€ for the first six months of 2006, representing a growth of 19% compared to the first half of 2005. Over this period exports represented 86% of sales, with strong growth reported for the Asia/Pacific region. Due to transfer of orders from the first six-month period into the second six-month period of 2006 by Swedish subsidiary Polytech, pro forma sales turnover decreased 12%.

In addition, Cedip announced the signing of a million-dollar contract for supply of infrared equipment to an American army research center. This new order will be delivered and integrated in the sales turnover of the second six-month period.

Cedip Infrared Systems develops, designs, manufactures, and markets high performance infrared cameras and systems for industrial, research, surveillance and security organizations. For more information relating to this announcement, contact Cedip Infrared Systems via e-mail: [email protected] or visit www.cedip-infrared.com.

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