Motors & Drives Information

ANDOVER, Mass. -- I-Logix Inc. kicked-off 2005 on a high note following record sales growth momentum in 2004. Q1 2005 posted a 50% increase in new sales and bookings over Q1 2004, with total sales up over 30% from the same quarter in 2004. I-Logix Q1 successes demonstrates that diversified industries are embracing I-Logix's Statemate and Rhapsody design and development environments into their development processes to improve product quality while compressing time-to-market cycles. In Q1, aerospace, transportation, consumer and medical were growth areas for the company while telecom, a segment that has been historically hard-hit in past years, grew aggressively as well.

"We challenged ourselves to launch new state-of-the-art embedded systems products in early 2005, and aggressively geared up to capitalize on the competitive advantage that the latest versions of Rhapsody and Statemate offer to our market. I-Logix's continued growth and healthy cash positive position reflects the strength of this strategy, and we are focused to get the most out of the overwhelming interest in our new products for a strong 2005," Gene Robinson, CEO I-Logix Inc, said.

In Q1 major telecom companies such as Alcatel Sel AG, Novatel, Nokia Corporation, Motorola, and Lucent Technologies purchased I-Logix products and services. In the aerospace defense market, I-Logix continued to win new business from General Dynamics, Lockheed Martin, NASA, Northrup Grumman, Raytheon, and Thales Electronics. Medical customers Cameron Health, Sane Software, Siemens AG Medical coupled with transportation leaders Bombardier, General Motors Corporation, ITT Industries, Renault and Siemens AG and consumer products innovators like Texas Instruments and Hewlett-Packard rounded out sales successes to post a profitable and cash-positive close for the first quarter of 2005.

# posted by Medical Information : 5:58 AM