Growth spurred by contracts with large companies

Software specialist saw significant growth in third quarter

PrismTech says that it secured more than 70 contract 'wins' during the third quarter (Oct.-Dec.) of its fiscal year 2006.

This marks a 20% increase from the previous quarter.

Of significant note, more than 80% of the contracts in 3Q represented new wins.

All PrismTech's key product lines showed good growth: Spectra SDR Tools, OpenFusion CORBA products and OpenSplice DDS (data distribution service) software.

As usual, significant agreements were secured for Defence C3I, Telco OSS and SDR application domains.

"We are extremely proud of our results for the third quarter, which again validate the increasing research and development investments we've made over the past few years", says Steve Jennis, Senior Vice President, Corporate Development.

"That R and D has resulted in innovative products with clear competitive differentiation in performance, QoS and developer productivity".

"The resulting value proposition for our customers has produced these results".

"We see no reason to doubt that our growth will continue at a fast pace as we continue to bring new products to market".

PrismTech's large customer base includes numerous Fortune 'Global 500' companies including: Alcatel, Ericsson, Siemens, CISCO, Samsung, LG, Raytheon, Lockheed Martin, Boeing, EADS, and Thales.

PrismTech's contract highlights for Q3 FY 06 included: an agreement by which Selex Communications, a Finmeccanica company, will use PrismTech's Spectra Tools for the development and deployment of its software defined radio (SDR) product line; an agreement by which Raytheon will use PrismTech's OpenFusion RTOrb Java Edition CORBA middleware in support of the US Navy's DDG 1000 Zumwalt Class Destroyer program; an agreement by which the ETRI, Korea's Leading R and D Institute, will used PrismTech's OpenFusion e*ORB SDR C++ Edition middleware solution for work related to commercial software defined radio (SDR) applications; submission of a US Patent Application for PrismTech's Field Programmable Gate Array (FPGA) Integrated Circuit ORB (ICO) middleware technology - a technology that represents a breakthrough in standards-based inter-operability and portability for embedded systems; and, the appointment of world-renown distributed computing expert Dr Douglas C Schmidt as PrismTech's Chief Technical Officer.

Back to top