Tekron International, a leading developer of precision timing products, today announced that the fiscal year 2011 – 2012 was a stellar year for the company; with Year on Year revenue growth of 100%.Charles Norwood, Tekron’s Chief Executive Officer, attributed the impressive figures to a number of activities, including a major expansion into the telecommunications market. Mr. Norwood said:
In November 2011, Tekron launched a new GPS clock for the latest wireless communications protocol, LTE. This clock was developed for an Asian headquartered multinational network solutions company and, I am delighted to say, is now being shipped in significant quantities to our customer, who is installing it in thousands of LTE base stations. Tekron’s leading position in the power industry was also further consolidated in the past year. We are now clear market leaders in Australia and New Zealand and during the year made significant inroads into North and South America, picking up a number of new customers in both key markets. We have started the current fiscal year with confidence. We will be leveraging off our success of last year and will be aggressively pursuing further opportunities in the telecommunications market. In addition, we expect our market share of the power industry to increase as more and more companies adopt IEEE 1588 (PTP), the latest time protocol. As a company, we are extremely innovative with our R&D, customer service and sales and marketing activities. We will never sit back and rest on our laurels, but are constantly seeking ways to improve our products and services. The strategic growth initiatives we implemented last year will be actively followed through in the next 12 months.