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EVOC Grew by 11.48% - Ranks #1 in Growth Rate - According to the financial reports released by global industrial PC suppliers as of May 31, EVOC remains in the rank of the world's top three. In Q1 2009, most IPC companies showed a 20-30% negative growth
EVOC Grew by 11.48% - Ranks #1 in Growth Rate

 

PRZOOM - /newswire/ - Shenzhen, Guangdong, China, 2009/07/05 - According to the financial reports released by global industrial PC suppliers as of May 31, EVOC remains in the rank of the world's top three. In Q1 2009, most IPC companies showed a 20-30% negative growth.

   
 
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As one of the only two companies to achieve growth in the industry, EVOC grew by 11.48%, ranking No. 1 in growth rate. Statistics in April and May indicated that compared with the same period of last year, most IPC companies experienced negative growth, and the whole industry is suffering from the combined effects of a general economic downturn. On the one hand, the direct impact of financial crisis on IPC industry is about increased difficulty in funding and getting loans, which has made some companies run out of cash. On the other hand, almost all the down-stream industries of IPC (including transportation, industrial automation, medical care, electric power, environmental protection, petrol chemical, banking, network security and video surveillance) are suffering from ripple effects of the crisis, and have reduced production and demands for industrial computing products.

Despite the impact of the global financial crisis upon the IPC industry, both Kontron and EVOC showed optimistic views on their current situation and future development. CEO of Kontron Ulrich Gehrmann said, °Particularly in times of crisis, cost-effective and high-performance innovative systems such as those developed by Kontron can be worthwhile investments for industry. This is because outsourcing offers benefits, can result in rapid savings in companies' unit costs, and cut working capital, thereby resulting in higher liquidity and equity ratios, which are very important factors in these times."

The sales revenue of EVOC in the first quarter of 2009 was US$29,870,000, 11.48% up from last year's US$26,790,000. The two-digit growth rate achieved during the crisis greatly inspires people in the industry. Ms. Amy Pan, Global Sales Director of EVOC Group said, °This achievement can be attributed to the interaction and integration of EVOC's R&D effort and global marketing. EVOC always focuses on product innovation, and fine-tunes its R&D plans and strategy according to the market feedbacks. These two points secure EVOC's position as the market leader in terms of product R&D and technological innovation. In addition, EVOC's exploration in overseas market is progressing smoothly, and EVOC has established its name in Europe, North America, Middle East and South-east Asia. Increasing demands for EVOC products from some incremental markets and improvement in market conditions are the positive factors that can explain EVOC's sales performance."

 
 
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Agency / Source: EVOC Group

 
 

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EVOC Grew by 11.48% - Ranks #1 in Growth Rate

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Contact: Rebecca Choi - EVOC.com 
+86 755-86255066 oversea[.]evoc.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any EVOC Group securities in any jurisdiction including any other companies listed or named in this release.

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