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| [January 15, 2013] |
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Record 4Th Quarter Order Intake in 2012 For MICROWAVE VISION Group
PARIS --(Business Wire)--
The annual order intake for the MICROWAVE VISION Group reaches �50.5M
in 2012, a 5% increase from 2011. In the last quarter, contracts worth
�26M were secured, totaling more than half the annual orders.
The previous record of �17M recorded in the third quarter of 2011 has
been substantially exceeded by that of the last quarter of 2012 for the
MICROWAVE VISION Group (MVG), an average of �2M per week in orders.
These orders result from an ongoing sales and marketing effort carried
out over previous months and reflect the economic recovery and
regeneration of American orders which have long been on hold.
The �26M of orders (over 350 in total) results equally from the various
regions of the world in which MVG prospers: 32% from Asia, 34% from
Europe and 34% from the United States.
The Group's historic Core Business Unit, Antenna Measurement Systems
(AMS), recorded �19.6M worth of orders over the last quarter of 2012.
These orders are shared between �11.7M (60%) issued in the Aerospace and
Defense sector and �7.9M (40%) for Civil Telecommunications. These
figures reinforce the Group's strong historic positioning in the antenna
measurement sector.
This commercial record also demonstrates the successful take-off of the
Group's Electromagnetic Compatibilit (EMC (News - Alert)) Business Unit. This is to
say, out of the �26M of order intake, about �6M come from this unit, an
important sustainable sector for the Group. This Business Unit groups
together a part of AEMI business activities (Absorbent Materials) and
those of the English company Rainford EMC Systems (Shielded Rooms),
acquired last July.
The remaining �0.4M results from the Environmental and Industrial
Control (EIC) Business Unit.
Funds raised last July from its banking partners have enabled MVG to
accelerate the deployment of new products in AMS and to leverage its
other Business Units.
"We have the resources and therefore we are preparing to take new
offensive action in two of our main sectors, in Electromagnetic
Compatibility on the one hand, and in Environmental and Industrial
Control systems on the other hand," explained Philippe Garreau, the
Group's Chairman.
Next update, the 2012 revenue release, is scheduled for February 25th.
About MICROWAVE VISION
MICROWAVE VISION Group - MVG - (NYSE-Euronext: ALMIC) is a leading
global manufacturer of antenna test and measurement systems for the
Telecommunications, Automotive, Defense and Aerospace industries, as
well as for academic research. With the recent acquisition of REMC,
specialists in shielded chambers for anechoic, EMC and screened room
solutions, MVG offers the widest range and most innovative technology of
its kind in the respective markets. The company brings together the
high-precision electronic scanners developed by SATIMO (News - Alert) using its
"microwave vision" technology, ORBIT/FR products developed through a
state-of-the-art technology of high-performance positioners and
electromechanical scanners, AEMI high performing absorbing materials,
and now REMC provider of specialized shielded chambers. MVG is located
in 9 countries - France, Italy, Germany, UK, Sweden, USA, Israel, China,
and Japan, and has more than 260 employees. The group boasts a client
base including several large international companies. MVG achieved a
turnover of � 44.03 million for the year end 31 December 2011. MVG has
been awarded the OSEO certification "Innovative Company". Alternext,
code ISIN FR 0004058949 | For more information, visit: http://www.microwavevision.com
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