[June 14, 2013] Reflex CES Reports Fiscal 2012 Results Tweet Jun 14, 2013 (Close-Up Media via COMTEX) -- Reflex CES, a provider of custom embedded and complex systems, announced financial results for its fiscal 2012. In a release dated June 11, the Company said that it posted annual revenues of EUR7.8M and annual net profits of EUR1M (15 percent). These figures represent an increase of 13.2 percent over 2011 and 22 percent of compound annual growth rate for the last four years, giving Reflex CES four consecutive years with net profits representing more than 13 percent of revenue. The strong results are primarily due to the success of the company's embedded systems design and manufacturing skills in the military and defense sectors and of Reflex CES's commitment to embrace new international business. "We are delighted with the consistent increase of revenues thereby reinforcing Reflex CES's global expertise in complex high-speed electronics boards, high-density FPGAs and rugged systems design," said Sylvain Neveu, Reflex CES Co-founder and Chief Operating Officer. "We are building on the success of the past four years to further develop Reflex CES business internationally. Several influential new partnerships and distribution agreements are in their final stages, which will broaden the scope of our offering to a full embedded solution, including COTS and custom electronic designs." The company generates most of its revenue through French customers serving military and defense markets. Another significant portion of its business lies in other markets demanding the same high performance technology, including medical, transportation, industrial and telecommunications segments. In 2012, Reflex CES initiated its international growth with major agreements in USA and China, for example with Golden Sea (China) for the design of HDMI video boards. In 2013, Reflex CES has already launched a number of new industry's first" products, including its Aurora-like IP core, based on Altera FPGAs, an innovative and cost effective FPGA prototyping FPP25 platform, as well as advanced high-speed data recorders. Together with its sister company, PLDA, Reflex CES unveiled a new line of programmable ARM-FPGA based System-on-Module platforms at Embedded World 2013. ((Comments on this story may be sent to [email protected])) [ Back To TMCnet.com's Homepage ]