Export surge contributes to record sales for Zettlex
Cambridge sensors company Zettlex has reported record sales for its half-year to August 31. The company attributes the growth to strong export demand with sales to 45 countries now accounting for almost 90 per cent of Zettlex’s business.
Zettlex sensors are used in machinery control systems to measure position or speed precisely in harsh environments.
Next week, Zettlex will announce expansion of its main product line with a formal launch on September 12 at DSEI, the world’s largest defence systems and equipment exhibition, at ExCel in London.
Zettlex managing director and co-founder, Mark Howard (pictured) says: “We’ve been growing at more than 30 per cent per year for the last few years and this looks set to continue with a strong demand from all our sectors and from all territories but especially North America.
“We expect growth to continue as customer projects go from pilot to full-scale production. Sometimes, a jump in sales can be explained by a single, large order that distorts the data or a big contract with low profitability – I’m pleased to report that both profit and order numbers are in line with increased sales.”
Zettlex technical director and co-founder, Dr Darran Kreit added: “It’s great to see some of our R & D efforts now paying off. Some of our customers really put our products through their paces – whether it’s on a space rocket, a surgical robotic or a jet aircraft.
“I’m pleased that we’re getting a reputation for delivering on our promises for what this technology can do.”