Creaform Completes 2011 with Record-Breaking Sales in Q4

Technology Business Exceeds Annual Sales Targets

LÉVIS, QC, March 7, 2012 /PRNewswire/ - Creaform, leader in portable 3D optical measurement technologies and 3D engineering services, today announced its 2011 fiscal year results. The company has had an exceptional year with C$37.5 million in annual sales, which makes for a growth of 37% over 2010. 2011 Q4 sales of 11.6 million represent yet a new record in the history of the company (for a second year in a row).

"In 2011, we have managed to use the economic upswing to our advantage. We have reached extremely satisfactory year-over-year figures and even exceeded our annual sales target by a good margin. Our 3D Engineering Services division continues in surpassing even our most optimistic forecasts. On top of that, our sales of metrology technologies have more than doubled which tells us that we are succeeding in strengthening our position of leader for quality control applications," says Mr. Martin Lamontagne, CEO with Creaform.

When it comes to its sales of optical measurement technologies, Creaform's worldwide expansion strategy is also on a roll. EMEA and APAC both show a 38% increase over 2010, while the Americas reports 30% YOY growth overall with the United States scoring at 53%.

2011 Product Releases

Creaform has released its new Pipecheck solution for pipeline integrity assessment, which has attracted high interest from the Oil & Gas industry, as it holds great possibilities for non destructive testing (NDT) applications.

The company also launched the MaxSHOT 3D optical coordinate measuring system, that brings photogrammetry to all Creaform's technology line-ups.

ISO 9001 : 2008 Certification

The company is happy to report that it has successfully received the ISO 9001 : 2008 certification for its Canada-based head office and two service offices in November of 2011.

About Creaform

Creaform specializes in 3D portable optical measurement technologies and 3D engineering services. The company offers innovative solutions that cover the entire range of 3D applications, including 3D scanning, reverse engineering, inspection, design & engineering and FEA. Its wide range of products and services are intended for industries such as the automotive, aerospace and defence, consumer products, education, manufacturing and medical care.

Creaform has developed and sells the Handyscan 3D line of portable, self-positioning handheld 3D scanners, along with the HandyPROBE portable arm-free CMM and the MetraSCAN optical CMM 3D scanner, two systems designed for inspection applications. The company has recently launched the MaxSHOT 3D optical coordinate measuring system that brings photogrammetry to all these technologies.

Creaform is an international company with offices in Québec City, Montréal, the United States, France, Germany, China, India and Japan. The company's head office and Quebec-based offices have achieved 9001 : 2008 ISO certification in November of 2011.

SOURCE CREAFORM

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