RF Cascade Workbook for Excel
RF & Electronics Symbols for Visio
RF & Electronics Symbols for Office
RF & Electronics Stencils for Visio
RF Workbench
T-Shirts, Mugs, Cups, Ball Caps, Mouse Pads
Espresso Engineering Workbook™
Smith Chart™ for Excel
|
 |
AWR Press Release - 4/20/2009
|
AWR Achieves Record Financial Performance
Success in a challenging economy attributed to superior
products and customer service
 El
Segundo, Calif. — April 20, 2009 — AWR®, the innovation leader in high-frequency electronic design
automation (EDA), today announced record annual revenues for its 2009 fiscal year that ended March 31, as well as
for the year’s fourth quarter, and record backlog as it enters the 2010 fiscal year. This achievement marks the
twelfth consecutive year of revenue growth for the company and was broad-based, with strong bookings throughout
Europe, North America and the Asia Pacific region from both new and existing customers.
“Our financial
success - in spite of a worldwide recession - is a direct result of customers looking to AWR to help them improve
their design efficiencies so that they emerge more competitive as the economy recovers," said Dane Collins, AWR
CEO. "We see a clear trend that customers view us as a partner and not simply a tool vendor. Achieving such a
synergy with our customers makes a significant difference to their bottom line both in terms of product
performance and time to market.”
AWR’s performance was driven in part by two of the company’s largest
orders in its history, both from top-tier manufacturers of third-generation (3G) wireless transceiver modules for
smart phones.
In addition, the company experienced strong growth within existing aerospace and defense accounts
as well as from new customers that switched to AWR products from competing tools. AWR also acquired Simulation
Technology and Applied Research, Inc. (STAAR), a developer of advanced three-dimensional electromagnetic (3D EM)
software, late in the fiscal year which brought an important new technology to AWR's portfolio and contributed to
the company's sales and revenue growth.
“We are very pleased with our financial results," said Rick Bottomley, AWR chief financial officer. "We
achieved record revenue levels for the fiscal year even before factoring in the contributions from our December
acquisition of STAAR. Additionally, the revenue for the fourth quarter was also a record for the company for a
single quarter. We ended the year with the greatest number of employees in the company’s history and are
projecting continued growth this year.”
About AWR
AWR is the innovation leader in
high-frequency EDA software that dramatically reduces development time and cost for products employed in wireless,
high-speed wired broadband, aerospace and defense, and electro-optical applications. The company’s core technology
is unique among high-frequency EDA platforms in that it is inherently open and flexible. AWR continually
strengthens its product portfolio with innovative new technologies that enable faster, more streamlined product
development, the most recent of which are the ACE™, RFA™, and AXIEM™ tools. The privately-held company has
thousands of active users and is headquartered at 1960 East Grand Avenue, Suite 430, El Segundo, Calif. 90245. For
more information about AWR and its products, please visit
www.awrcorp.com.
© 2009 AWR Corporation. AWR, the AWR logo, and Microwave Office are registered trademarks, and ACE, AXIEM, RFA,
and Visual System Simulator are trademarks of AWR Corporation. All others may be trademarks of their respective
holders.
Contact:
Sherry Hess
Vice President of Marketing
AWR Corporation
(310) 726-3000
hess@awrcorp.com
Posted 4/22/2009
|
|
|
 |
