Applied Wave Research (AWR) - Press Release 10-15-2007
AWR Announces Record Sales and Profits for
Strong Financial Performance Attributed to Commitment to Innovation
First Half of Fiscal Year
EL SEGUNDO, Calif. — October 15, 2007 — Applied Wave Research,
Inc. (AWR®), the innovation leader in RF electronic design automation
(EDA), today announced record sales and profits for the first half of
its fiscal year, which ended September 30, 2007. Sales revenues for
the first six months increased nearly 30% over the prior year, and more
importantly, resulted in record profits for the fiscal second quarter
(Q2). Achievements driving AWR’s strong performance include consistent
growth across all products lines, and the addition of strategic new
customer accounts, primarily in the Asia Pacific region. Significant
AWR customers include Alcatel-Lucent, LG Electronics, and Flextronics.
“Sales in all geographical regions— North America , Europe ,
and Asia —are well ahead of expectations, with China and Germany experiencing
the fastest growth,” said Ted Miracco, co-founder and executive vice
president of AWR. “All market sectors, including wireless, semiconductor,
and defense electronics, showed strong and consistent growth, attesting
to the depth and breadth of our RF and microwave software offerings.”
The company attributes its robust financial performance not only
to its founding principles of openness and interoperability, but also
to its commitment to innovate new technologies in order to help customers
meet the growing challenges of increasingly complex RF and microwave
design. In the past 12 months alone, AWR has introduced three groundbreaking
new technologies, the ACE™, RFA™, and AXIEM™ tools, which enable faster
product development and significant cost benefits to the customer.
“To be halfway through the fiscal year and ahead on all of our financial
goals and corporate objectives is wonderful news,” said Dane Collins,
CEO of AWR. “Our third quarter is already off to a healthy start and
business forecasts are very positive as customers respond favorably
to our new innovations and product releases."
About Applied Wave
Applied Wave Research is a leading supplier of
high-frequency EDA products for the design of: wireless telecommunications
equipment, semiconductors, high-speed computers, networking systems,
automotive mobility systems, and a variety of other electronics-based
products. AWR is a privately-held company with global development offices,
sales offices, training centers, and distribution channels. In September
2005, AWR acquired APLAC Solutions, an emerging leader in simulation
and analysis software for analog and radio-frequency (RF) design. APLAC's
RF design technology has been used in designing over 30 percent of all
mobile phone RF integrated circuits (ICs) worldwide. AWR today has over
700 companies deploying its software worldwide, including virtually
every major high-frequency electronic component and system supplier.
The company is headquartered at 1960 East Grand Avenue, Suite 430 ,
El Segundo , California 90245 . For more information about AWR and the
company's products, please visit www.appwave.com or call 310-726-3000.
AWR, the AWR logo, ACE, RFA, and AXIEM are either registered trademarks
or trademarks of Applied Wave Research, Inc.
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