Total revenue grew by 20% over the same period in 2018
TORONTO–(BUSINESS WIRE)–Eyelit Inc. announced highest revenue for the second quarter in 2019, with over 20% top line revenue growth over its second quarter in 2018. The company’s revenue increased in all key business areas, led by software licenses which increased by over 40% from the previous second quarter. Eyelit also achieved meaningful global expansion in the quarter, see below for highlights.
Key milestones for the quarter were:
- A noteworthy European customer went into live production at a highly automated 24×7, 200mm semiconductor fab, with the system executing over a million transactions per day. The project migrated their MES to Eyelit MES and added Eyelit modules including: Asset Management, Statistical Process Control, and FactoryConnect— a module for extensive automated data collection. Eyelit’s FactoryConnect is the communication layer that connects Eyelit MES with their existing factory automation including RFID, SCADA, APC, as well as their systems for Defect Analysis, Scheduling, and SAP ERP. Also deployed was Eyelit’s QMS module for ECNs, OCAP, and other non-conformance management processes.
- A new project was initiated with a US customer that is using PROMIS MES. This customer is now upgrading multiple factories to Eyelit’s FactoryConnect integration hub utilizing Eyelit’s workflow manager product. FactoryConnect enables communications with PROMIS MES and various factory systems including the automation layer. This company has been using portions of Eyelit’s integration software in high volume production for over 15 years. With the deployment of FactoryConnect, the company estimates 25 to 40% improvement in manufacturing integration efficiency. With FactoryConnect’s configuration-based approach, there is significantly less downtime to adapt system changes.
- Eyelit’s MES and EquipmentConnect tool integration software was implemented at an R&D facility in Australia. Phase 1 was completed to accelerate qualification of new processes and equipment.
These are different projects showcasing the capability, flexibility and scalability of Eyelit’s platform. Eyelit’s FactoryConnect has been providing application and tool connectivity for over 15 years to various other MES solutions such as PROMIS and WorkStream. It was providing IoT capability before IoT became a trend. Along with Eyelit MES and other modules that cover a wide spectrum of business and manufacturing needs, Eyelit is providing fundamental tools for Industry 4.0 by supporting smart factory initiatives that span the digital supply network.
“Eyelit is being adopted by larger and larger companies; Eyelit now has three of the top 20 companies in terms of global market capitalization as customers. These customers are driving Eyelit’s growth, we are projecting our third quarter to be another new record high for revenue,” stated Dan Estrada, Vice-President of Sales and Marketing, Eyelit.
About Eyelit Inc. (www.eyelit.com)
Eyelit Inc. is the leader in Manufacturing Execution and Quality Management (MES and QMS) solutions for visibility, control, and coordination of manufacturing operations for the aerospace & defense, electronics, life sciences, medical device, semiconductor, and solar industries. Eyelit uniquely delivers a broad set of manufacturing solutions, including Asset Management (Semi E10, SEMI PV2-0709), Dispatching, Factory Integration (Automation), Manufacturing Execution (MES/MOM), Recipe Management, Supply Chain Management, Quality Management (CAPA/OCAP/SPC/APC/RMA), and Business Process Management, that enable its customers to rapidly and cost-effectively optimize production and company processes.
With exceptional customer service, Eyelit has time and again proven that superior, innovative technology can maximize efficiency and value. More than 50 leading companies, including austriamicrosystems, CEA-Let, eMagin, Innovative Micro Technology (IMT), LFoundry, Murata Electronics Oy, Northrop Grumman Corporation, NXP Semiconductors, PerkinElmer, Raytheon Company, Skyworks Solutions, TowerJazz, X-FAB Silicon Foundries and multiple global 50 companies rely on Eyelit as a trusted software partner. Follow Eyelit on LinkedIn and Twitter.
Kiran Chattha, Eyelit Inc., +1-905-502-6184, [email protected]