Orders Soared in 2011 for the Microwave Vision Group

PARIS, February 2, 2012 /PRNewswire/ --

- The Microwave Vision Group's orders totaled €48.16 million in 2011, compared to €39.73 million in 2010, an increase of 21%

- Europe and Asia led the boost in orders across all industries

Growth is therefore a reality for the Microwave Vision Group. The rise in orders at the end of the year, the Group's redeployment to Europe and Asia, and the success of Telecommunications business in the United States have more than compensated for the drop in Aerospace and Defense orders in North America at the beginning of the year.

Although the order received in North America shrunk by 12% between 2010 and 2011, Europe (+70%) and Asia (+31%) showed significant increases. In addition to this, worldwide, orders for the Aerospace and Defense industries rose by 25% compared to those in 2010. The order total for the Telecommunications industry is no exception with an increase of 17% compared to 2010. 

"Given the difficult global economic situation, this rise in orders demonstrates our Group's responsiveness. The redeployment of our sales forces, which began in early 2011, and the promotion of the Microwave Vision brand have already proved successful. We have secured sizeable contracts in Europe and Asia. We were also able to take advantage of the revival of the Defense market in the United States at the end of the year. These factors mean that we can face the beginning of 2012 with optimism," explained Philippe Garreau, the Group's President and CEO.

The Group's revenues will be announced on February 29.

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. The group has a loyal clientele of many international companies. It achieved € 43.9 million in revenue in its fiscal year ended December 31, 2010. Alternext, code ISIN FR 0004058949 | Learn more: http://www.microwavevision.com

SOURCE MICROWAVE VISION

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED