REO Posts Record Results for 2009

BOULDER, Colo., March 16 /PRNewswire/ -- REO, a leading manufacturer of high volume precision optical solutions, achieved record breaking sales of over $30 million in 2009, making it their best year since the company was founded in 1993.  Furthermore, the 2009 sales figures represented a 28% gain over the previous year, giving the company a compounded annual growth rate (CAGR) of over 16% during the past six years.  REO also entered 2010 with the largest backlog in the company's history.

"There are three key elements that have enabled us to prosper despite the overall downturn in the economy," notes Terry L. Moshier, CEO of REO.  "First, we added substantial manufacturing capabilities, especially in the infrared, giving us access to a larger market.  Second, we've developed new technologies in coating, fabrication and assembly, which enable us to cost effectively manufacture high precision products in high volume.  And, perhaps most important, we've focused on providing value added engineering which helps us win more orders, and also allows us to avoid competing on price alone."  

REO produces high precision thin film coatings, optics and opto-mechanical assemblies for the ultraviolet, visible and infrared. Located in Boulder, CO, the company primarily services medium to high volume OEMs including manufacturers of defense and aerospace systems, laser systems, semiconductor tools, medical systems, life sciences instrumentation and telecom equipment.  REO is a privately held company.  For more information, contact Mark Damery, Vice President and General Manager of Worldwide Sales, at +1-720-562-3213, e-mail [email protected], www.reoinc.com. or Susan Anway, Vice President of Finance and Chief Financial Officer at +1-720-562-3206, e-mail [email protected].

SOURCE REO