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
"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 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 also 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.