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Nanotechnology company exceeds $10 Million in
Sales for 2005
Richardson, Texas (January 24, 2006)
Zyvex today announced financial results for
fiscal year 2005. The Texas company continues its business
gains with total revenues in excess of $10 Million, which
represented a 16 percent increase over 2004.
“We had the best year in Zyvex history
with our NanoWorks® Tools product line driving positive
results for the quarter and the year,” stated Zyvex
CFO Timothy M. Gilmore. “Our financial and operational
results reflect the strength of our business and provide strong
momentum going into 2006.”
“Simply put, 2005 was an outstanding year for Zyvex,”
said Zyvex President Dr. Thomas A. Cellucci. “Solid
and consistent execution to our strategic plan enabled us
to ship a record number of products, generate record revenue,
receive our 33rd patent, and add key customers and alliances
around the world.”
“We also received ISO 9001:2000 certification
from BSI, Inc., which clearly demonstrates our focus on quality,
world-class performance, and continuous improvements to ensure
that we deliver on the promises we make to our valued customers,
employees, and vendors.”
Founded in 1997, Zyvex reported its first revenues
in 2001, grossing $150,000. Company revenues grew to $1.2
Million in 2002, $4.3 Million in 2003, and $8.6 Million in
2004. The Zyvex team anticipates that the company will achieve
cash-flow break-even during 2006.
Zyvex also realized a 22 percent increase in
new customers in 2005. The company has customers in the Aerospace/Defense,
Healthcare/Medical, and Electronics/Semiconductor industries.
Zyvex has numerous key alliances with industry leaders, including
Easton Sports, Frost & Sullivan, MIT’s Institute
for Soldier Nanotechnologies, and Texas Instruments.
Zyvex has worldwide sales representation in
Australia, China, France, Germany, Italy, Japan, Korea, Malaysia,
New Zealand, Poland, Singapore, Switzerland, Taiwan, Thailand,
the United Kingdom, and Vietnam through alliances with Keithley
Instruments, Inc., Caltron, Pte., Coherent Scientific Pty
Ltd., and L.O.T.-Oriel.
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