Tronics closed a very successful 2012 with total income of 16.7 million Euros ($ 22,1M), 1.8 million Euros in net profit ($ 2,4M) and expanded its investments in submicron and glass technologies.
Grenoble, France, and Dallas, TX, U.S.A. – April 11, 2013.
Tronics’ income exceeded expectations in 2012 thanks to strong growth of its high performance inertial sensor business, as well as a significant increase in its contract manufacturing customer base.
Tronics’ traditional high performance inertial MEMS manufacturing business expanded significantly in both Europe and Asia. This growth was driven not only by the better economic conditions, but also by Tronics’ growing reputation as a key player in the field.
The company was also able to add several important customers to its contract manufacturing portfolio with applications in a variety of markets such as medical diagnostics, RF MEMS, industrial sensors, consumer goods, and defense. Its Dallas entity was particularly successful in winning new contracts with promising non-consumer MEMS volumes. This product diversity is very positive in terms of risk management, in the current global MEMS industry, which is heavily dependent on consumer inertial MEMS.
2012 also yielded a solid balance sheet with close to 4 million Euros cash and a debt/equity ratio below 35 percent. Thanks to these robust financial results, the company was able to invest significantly in new generation equipment and new technologies. It is specifically addressing submicron MEMS demand, glass-based MEMS applications, and is investing several million in a new nanowire-based inertial sensor technology that has the potential to be a game changer.
The company now employs more than 80 people, and believes it is well positioned to continue broadening its customer base in the coming 2 years.
Peter Pfluger, CEO of Tronics, commented: “I am certainly pleased to report these excellent 2012 results, but more importantly, our teams have taken new custom MEMS projects to production. I am confident that together with our customers we will grow some of these businesses to significant volumes in the coming years.”
Peter Pfluger, CEO of Tronics, commented: “I am certainly pleased to report these excellent 2012 results, but more importantly, our teams have taken new custom MEMS projects to production”