HOME | Developers | Information | Interaction | HELP |
Press Release |
Contact: Susan Pagani Public Relations Manager Elo TouchSystems, Inc. Phone: (510) 739-4671 Fax: (510) 739-4657 E-Mail: [email protected] ELO TOUCHSYSTEMS' RISING REVENUES REFLECT STRONG PERFORMANCE IN EUROPE AND JAPAN SUCCESS IN THE GLOBAL RETAIL MARKET CONTRIBUTES TO SALES BOOST IN THE SECOND QUARTER January 20, 1999 Fremont, California Elo TouchSystems, Inc., global leader in touch technology and a Raychem (NYSE:RYC) subsidiary, today reported revenues for the second quarter of fiscal 1999 of $29 million, up 20% on a reported currency basis from the prior year period. These results reflect revenue growth of 28% in Europe and 51% in Japan. "Elo is particularly pleased with its increased sales in the retail market because of the caliber of the retail customers who have chosen Elo's touch solutions," said Emily Liggett, president of Elo TouchSystems. In North America alone, revenue from touchmonitors grew over 55% based on sales in the retail and hospitality markets. "Elo is delighted to note our growing business relationship with ICL, a leading supplier of information technology systems, which is active both in the United States and Europe. This year will see the rollout of two major ICL/Elo projects -Staples Superstores in the U.S. and KPN Dutch Telecom in the Netherlands. This relationship with ICL not only allows us to extend our presence in the retail market, but also strengthens the presence of touch in the global marketplace." Partnering To Provide The Total Solution In a continuing effort to increase the availability of integrated touch solutions, Elo launched two new partner programs in the second quarter, says Liggett. "Although Elo TouchSystems provides two popular touch technologies, a wide range of touch components and a broad line of LCD and CRT touchmonitors - there are occasions when a customer needs another element of the total solution," continued Liggett. "So, Elo's partner programs are aimed at further integrating Elo's products and services with the 'complete solution' desired by customers." Elo's partner programs include: the Custom Solutions program for low volume specialty touch monitors; the Kiosk Partner program to provide whole kiosk solutions; the TouchReady program aimed at independent software vendors; and the Distributor program. Elo - Everywhere The Customer Is This quarter, Elo TouchSystems complemented its worldwide sales and distribution network with five new direct sales support offices in the Asia-Pacific region, including Australia, The People's Republic of China, Taiwan, Korea and Singapore. The new offices will provide Elo customers with local sales support for the company's range of IntelliTouch surface-wave and AccuTouch 5-wire resistive touch products, software drivers and application development tools. Existing Raychem presence in these countries will extend Elo sales support. "This reaffirms Elo's commitment to the region," said Liggett. "Elo has long recognized the immense potential for its touch products in Asia. Leveraging the access of Raychem, our parent company, means we bring our world-class service and support one giant step closer to our customers." Sales and marketing for Japan continues to be the responsibility of Touch Panel Systems, a joint venture company. The World Is Not Flat - But It Will Be In the second quarter of fiscal 1999, Elo continued to experience high growth in sales of flat touchscreens, with a particularly strong growth of 50% in Europe. Similarly, sales of flat touchmonitors are up 50% in Japan. In the second quarter, Elo expanded its line of LCD products with new touchmonitors and a variety of larger touchscreens to fit the new popular monitor sizes. "The market for touchmonitors will rapidly 'go flat' as LCD prices drop and availability increases, so Elo continues to invest in the design and development of LCD touch products," said Liggett. These new LCD products are part of a larger Elo LCD family that includes kiosk, industrial, and desktop touchmonitors - versatile, flat solutions for a diverse set of applications from machine control to retail kiosks. "Our customers expect our industry leading touch technology to be backed up by an industry leading display. With the LCD touchmonitors, we've provided them with high brightness and high contrast, in a versatile package with the highest quality service and support." AccuTouch, IntelliTouch, and Touchready are trademarks of Elo TouchSystems, Inc. All other trademarks are the property of their respective owners. # # # Elo TouchSystems, Inc., global leader in touch technology, develops, manufactures and markets a complete line of touch products that simplify the interface between people and computers. Founded in 1971, Elo has headquarters in Fremont, California and offices worldwide. Elo TouchSystems is a wholly-owned subsidiary of Raychem Corporation (NYSE:RYC). For more information on Elo's products and services, call 1-800-ELOTOUCH (1-800-356-8682) or visit Elo's Web site at www.elotouch.com. Electronic mail inquiries should be directed to [email protected]. Raychem Corporation of Menlo Park, California, is an international company with approximately 9,000 employees in 49 countries and revenues of $1.8 billion in fiscal 1998. The company utilizes expertise in materials science, electronics and process engineering to develop, manufacture and market high-performance products for electronics OEM businesses, and telecommunications, energy and industrial applications. Information on Raychem is available on the Internet at: www.raychem.com. ELO206 |
Thanks Kinetic!
© 1998 Kiosks.Org. |
|
>