2008-11-13 21:44:02 -

www.eyelit.com - Eyelit, Inc., a manufacturing software provider for visibility, control, and coordination of manufacturing operations for the aerospace & defense, discrete electronics, semiconductor, and photovoltaic (solar) panel industries, announced today record revenues for the first nine months of 2008, achieving a 2x increase in 3rd quarter revenue, the highest 3rd quarter revenue recorded in company history.

Highlights for the first nine months of 2008 include:
- Increased Revenue: Eyelit posts record revenues for the first three quarters of 2008 with a 70% increase in total revenue over the previous year. The company more than doubled total revenue for this quarter from 2007. Software license revenue increased 200%, Support revenue increased 65% and Services revenue increased 50%.
- New Services Revenue: Eyelit continues to expand its services offering since recently signing a large material handling/inventory management project with one of its photovoltaic (PV) solar customers. This new project takes advantage of Eyelit ? s manufacturing integration hub, FactoryConnect, to integrate operators, tools, conveyers, and material handling systems.
- Geographic Expansion: Recently signed Eyelit partner Systema GmbH out of Germany is already adding new customers in Germany. Eyelit ? s software is now live at additional sights in Latin American. Eyelit has begun its expansion into Asia, having hired Eyelit based personnel in Shanghai, China. Additional Asian based partnerships to be announced soon.
- Future growth: Eyelit expects to achieve at least 50% growth in 2008 over 2007. As well as additional growth in 2009 based on our current forecast. Eyelit expects to add a record number of new customers in 2008 and gain significant market share in the fast growing solar manufacturing segment. This is being done by working with both thin film and silicon based Photovoltaic (PV) solar manufactures as customers in 2008.
Eyelit has moved up its 2009 Eyelit User Conference based on customer requests for more frequent meetings during this year ? s August, 2008 Eyelit User Conference. The 2009 event will be held May 13, 14 and 15th at Toronto Renaissance located at the Rogers Sky Dome.
? Again we exceeded our revenue targets in the third Quarter and are on track for another great year. We ? ve achieved eight consecutive quarters of significant revenue growth over the previous year ? s quarter. While solar continues to drive much of Eyelit ? s growth, so far this year we ? ve also added customers in Aerospace & Defense, clean-tech and both front end and back end Semiconductor. We are planning for continued industry and geographic expansion to maintain our current growth, ? said Dan Estrada, Vice-President of Sales and Business Development.
About Eyelit, Inc. (cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww ..)
Eyelit is the leader in Manufacturing Execution and Business Process Management (MES and BPM) solutions for visibility, control, and coordination of manufacturing operations for the aerospace & defense, electronics, semiconductor, and solar panel industries. Eyelit uniquely delivers a broad set of manufacturing solutions, including Asset Management, Factory Integration (Automation), Lean Manufacturing, Manufacturing Execution (MES), Supply Chain Execution, Quality Management (CAPA/OCAP, SPC, APC), and Business Process Management, that enable our customers to rapidly and cost-effectively optimize production and company processes. With exceptional customer service, Eyelit has time and again proven superior innovative technology can deliver quicker time to value. More than 40 leading companies, including A123 Systems, Analog Devices, FLIR Systems, Freescale Semiconductor, HelioVolt, Innovalight, Solyndra and VTI Technologies, rely on Eyelit as a trusted software partner.

Eyelit, Inc.

Amy DeHeer, 905-502-6184

mailto:adeheer@eyelit.com

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