Chelmsford, MA – December 16, 2009 –TEK Microsystems, Incorporated, a leading supplier of Commercial Off The Shelf (COTS) digitizer / FPGA processor solutions for defense and intelligence applications reports it will post record revenues and profits for 2009*, resulting in several expansion initiatives.
The Company has moved its headquarters to 300 Apollo Drive in Chelmsford, MA. The new facility provides Tekmicro a larger space for today’s needs and options for further expansion. The Company has expanded its engineering staff in 2009 and plans additional hiring for early 2010.
The Company has strengthened its presence by adding a strategic distribution channel in Israel. Dan-el Technologies Ltd. has been selected to market and sell Tekmicro’s advanced high-performance boards and systems in Israel.
“Despite a soft economy in many sectors, including the U.S. Defense markets, Tekmicro has seen growth in sales and profits in 2009. Sales in the U.S., Europe, and Australia have been strong and we anticipate a further strengthening in 2010,” comments Andrew Reddig, CEO/CTO of Tekmicro. “We credit our successes this year to our robust family of best-in-class VXS boards and systems that deliver high performance, low latency, and unmatched signal integrity. During 2010 we will further expand our QuiXilica products using Virtex 6 FPGA technology and the OpenVPX standard.
*As a privately held company, Tekmicro does not widely publish its sales or revenue figures. For financial information, please contact the company directly.
About TEK Microsystems, Incorporated Founded in 1981 and headquartered in Chelmsford, Massachusetts, Tekmicro designs, manufactures and delivers a wide range of advanced high-performance boards and systems for embedded real-time data acquisition, data conversion, storage and recording. Tekmicro provides both commercial and rugged grade products that are used in real-time systems designed for a wide range of defense, intelligence and industrial applications such as C4ISR, SIGINT, EW and Radar.