85579 Neubiberg, de
Radio based distance measuring and position detection in high demand
Symeo braves economic crisis, reports 80% revenue growth
With a revenue growth of 80 percent, Symeo has closed their 2009 fiscal year with exceeding success, developing new markets, sales channels, and partnerships on an international scale. New products and solution offerings in the field of LPR radio sensor systems for distance measuring and position detection ranked high in helping Symeo open up new sales opportunities for themselves and their partners.
New products and sales channels in growth markets
"In many cases, consistent refinement of costeffective anticollision sensors and improving the measuring accuracy of our LPR products for automation applications has enabled us to replace optical and electromechanical components, common until now but failureprone and heavy in maintenance, by stateoftheart radio based solutions. Apart from our project business, our sensor component distribution business has also developed particularly favourably", states Dirk Brunnengräber, Symeo's CEO and cofounder, explaining the reasons for the revenue growth.
Cooperations make for strong product related business growth
New partners such as Lotus Wireless Technologies India Pvt. Ltd. helped continue expanding Symeo's distribution network in Asia, South America, and Europe, for instance. Apart from large projects for steel works in Brazil and the U.S.A., Symeo succeeded in winning international cooperation and integration partners such as the world's leading supplier of Container Terminal Operating Systems, Zebra Enterprise Solutions. In this context, Symeo supplies LPR and combined LPR/DGPS solutions as position detection sensor systems for cranes and transport vehicles. Additional customised recording of operating states of transport equipment rounds off the scope of this agreement. Another, comparable partnership is focussed on the area of metal production and working. Cooperating with PSI Metals, a global leader in providing production management solutions to the metal industry, helps position Symeo sensor systems on this market the world over. Dirk Brunnengräber offers a perspective on the company's business strategy for 2010/2011: "We see these industryrelated alliances as key to the worldwide employment of our LPR products and as a way to help us continue to focus on our core competencies of developing and providing highquality, robust sensor solutions for industrial use."
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