congatec AG, a leading supplier of embedded computer modules, announces that the company has registered record order levels for the first nine months of 2009. For the first time in the history of the company, orders reached a volume of over 10 million Euro. Part of the orders are to be delivered within this current year while the other part will be delivered in the first half of 2010. Growth was particularly strong in the field of low-power computer modules for mobile applications, a market segment from which congatec expects additional high growth in the future.
The increase in orders is all the more remarkable in these difficult times when companies tend to place orders at short notice. That congatec’s order levels are on the increase despite the current economic climate is seen as a positive factor by congatec CEO Gerhard Edi: “congatec is bucking the trend by continuing to record strong growth. Our strategy of concentrating on rapidly growing markets has proven to be a highly successful path for us. We have also been able to significantly expand our customer base over the previous months, not least due to our new, very low-power modules. Our outlook for the future is therefore very optimistic and we are expecting healthy growth for 2009 despite the economic crisis.”
Technofonds Bayern (The Bavarian Technology Fund) of Bayern Kapital GmbH, together with a group of lead investors, increased its holding in congatec this summer by one million Euro. This additional investment ensures that the aspired growth is financially secured beyond 2009.
About congatec
Based in Deggendorf, Germany, congatec AG is an innovative provider of industrial computer modules based on Qseven, COM Express, XTX and ETX standard form factors. Thanks to this specialization and with an annual revenue of 27 million Euro (2008), congatec has established itself as a leading supplier in this sector. The company's products support all types of industry applications spanning the industrial automation, medical and automotive as well as the aerospace and transport sectors. Key know-how includes extended BIOS and driver support as well as comprehensive board support packages. Customers receive complete product lifecycle support starting early during the design-in stage. All congatec products are manufactured by specialised contract manufacturers who fulfil the latest quality standards. congatec currently employs 75 staff and has offices in Pilsen/Czech Republic, Taipei/Taiwan and San Diego/USA. More information about the company can be found by visiting www.congatec.com.
Source: cognatec AG |


