Microwave Vision Group Q1 2011 Sales Amount to $13 Million, Up 8%
PARIS, May 24, 2011 /PRNewswire/ -- The Microwave Vision Group announces its unaudited consolidated revenue for the first quarter of 2011 to be $13 million, as compared to $12 million over the same period last year, showing an increase of 8%.
On March 31, 2011, backlog reached $41.1 million. It was $39.8 million on December 31, 2010. This clearly demonstrates the accelerated pace of activity seen early this year, due to continuous strengthening in Asia and dynamics within the telecommunications field. New products combined with targeted marketing and sales efforts will allow the Group to benefit from the positive turnaround in the telecom area.
"This first quarter is consistent with our objectives. It is in line with the very positive recent months that allowed us to announce excellent results last year," said Philippe Garreau, chairman of Microwave Vision.
About MICROWAVE VISION:
MICROWAVE VISION (NYSE-Euronext: ALMIC) is a leading global manufacturer of test systems and antenna measurement in the fields of Radio Communications, Automotive, Defense and Aerospace. With the integration of ORBIT/FR, Inc. (OTC Bulletin Board: ORFR), a U.S. company acquired in May 2008, the Group was able to develop an innovative market offer. It combines precision electronic scanners developed by SATIMO Industries under its "microwave vision" technology" with ORBIT/FR's high performance electromechanical positioners and scanners. MICROWAVE VISION is located in 8 countries - France, Italy, Germany, Sweden, USA, Israel, China, and Japan, and has 240 employees. The group has a loyal clientele of many international companies. It achieved euro 43.9 million in revenue in its fiscal year ended December 31, 2010. MICROWAVE VISION benefits from its certification as an OSEO "Innovative Company."
Alternext, code ISIN FR 0004058949
Learn more: http://www.microwavevision.com
SOURCE MICROWAVE VISION
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article