PARIS, France – June 11, 2013 – Reflex CES, a leading provider of custom embedded and complex systems, today announced financial results for its fiscal 2012. The company posted annual revenues of €7.8M and annual net profits of €1M (15%). These figures represent an increase of 13.2% over 2011 and 22% of compound annual growth rate for the last four years, giving Reflex CES four consecutive years with net profits representing more than 13% 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, “stated 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 major 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 (SoM) platforms at Embedded World 2013.
About Reflex CES
For more than a decade, Reflex CES has designed and manufactured high-speed boards and rugged systems solutions based on high density FPGAs, with the aim of significantly reducing its customers’ technology risks.
The company provides custom embedded and complex systems, and specializes in Modified-Off-The-Shelf (MOTS) solutions for VPX/OpenVPX, CompactPCI, VME rugged systems, embedded systems, industrial systems, high-speed boards, FPGA boards and PCIe boards. Its expertise spans from the design of chip-level and software-level components, up to complete system-level solutions, and the manufacture, and production of small and medium volumes of turnkey systems. Target customers are in the military/aerospace, defense, telecommunications, medical and industrial sectors. For more information, please visit www.reflexces.com
