Eyelit achieves record revenue, profit and growth for 3Q09

Eyelit has achieved record revenues for the third quarter of 2009, the second consecutive quarter of revenue growth for the company in comparison to the previous year. Highlights from the quarter include; increased revenue and growth, successful migration from Promis MES to the Eyelit manufacturing and quality management suite and a look at future growth. 

Eyelit’s revenues for the third quarter of 2009 are recorded as having doubled the number of new customer wins over the same period last year. Eyelit gained another photovoltaic customer in the quarter, bringing the year-to-date total to four from the solar industry. Three of these customers have projects underway that will add 500MW of production capacity.

Also in the quarter, the company began and completed the successful migration from Promis MES to the Eyelit Manufacturing and Quality Management Suite. This migration took eight weeks and involved two physical wafer-fab manufacturing sites, which contained five legacy plant models within a single Promis MES instance. During this migration, both the legacy MES and Asset Management applications were moved, combining them into a single solution along with SPC from Eyelit. The existing SAP integration was also moved over during this short period of time.

Looking ahead, Eyelit seems positioned for continued future growth, with new opportunities for the solar industry in Asia as well as opportunities within the semiconductor industry.

“We continue to be cautious; we wanted to see two quarters of growth before talking about growth again. We’re very happy with the results of the last two quarters in which we’ve already exceeded our total of new MES customer wins from 2008 by 20%. The first quarter of 2009 is the only quarter where we saw a drop in revenue in the last 14 quarters when compared with the same period from the previous year. Our partnership with Systema GmbH has already paid dividends, and we are expanding and deepening our cooperation and collaboration with them,” said Dan Estrada, Vice-President of Sales and Business Development.