DGAP-News: InTiCa Systems AG: InTiCa Systems AG secures further major orders and confirms sales guidance for 2010
(firmenpresse) - InTiCa Systems AG / Development of Sales
25.02.2010 11:09
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Automotive Technology segment awarded order worth several million euros
Sharp rise in orders on hand in the Industrial Electronics segment
Participating in tenders for further major orders
Passau, February 25, 2010 - The Automotive Technology and Industrial
Electronics segments of InTiCa Systems AG (ISIN DE0005874846, Prime
Standard, Ticker: IS7) have secured further major orders worth several
million euros over the next few years. This highlights the growth prospects
of both segments. Thanks to these major orders, it is highly probable that
the company will achieve its forecast of growing sales by around 20%
year-on-year in 2010. The Board of Directors has therefore confirmed its
sales guidance of EUR 28-30 million for 2010. InTiCa Systems attributes the
new orders to its ability to meet the high quality and technological
standards of the various customer groups.
InTiCa Systems' technology improves environmental protection
'Our products also make a contribution to protecting the environment,'
report CEO Walter Brückl and his colleague Günther Kneidinger. They point
out that the order placed with the Automotive Technology segment will help
reduce carbon emissions in various makes of European cars. The company's
products will be used in electric and hybrid cars in a variety of model
ranges. The order is fora period of five years and its value is in the
upper single-digit millions range. Production start-up is scheduled for the
second half of 2010. InTiCa System has budgeted sales of at least EUR 11
million for the Automotive Technology segment this year. Brückl: 'We
believe that these orders will enable the Automotive Technology segment to
improve substantially on last year's very good performance'.
Industrial Electronics set to triple segment sales
The new orders secured by the Industrial Electronics segment raise orders
on hand to over EUR 5 million, so this segment's sales in 2010 could betriple last year's level. InTiCa Systems will be manufacturing and
supplying in-house developments to the solar industry for use in the
fast-growing European and US markets. Brückl comments: 'Our products
greatly improve effectiveness for manufacturers of inverters and
significantly reduce dimensions. Through close collaboration with our
customers, we are able to generate a clear competitive advantage in this
field.'
InTiCa Systems is currently taking part in several additional tenders and
could secure further major orders for innovative product developments that
speed up mid-term growth.InTiCa Systems AG
The Board of Directors
About InTiCa Systems:
InTiCa Systems is a European leader in the development, manufacture and
commercialization of inductive components, passive analogue switching
technology and mechatronic assemblies. It operates in the Automotive
Technology, Communication Technology and Industrial Technology segments and
has more than 280 employees at its sites in Passau (Germany), Prachatice
(Czech Republic) and Neufelden (Austria).
The Automotive Technology segment focuses on innovative products that raise
the comfort and safety of cars, improve the performance of electric and
hybrid vehicles and reduce carbon emissions. InTiCa Systems' Communication
Technology segment is the German market leader in splitters for the
transmission of broadband signals, while the Industrial Electronics segment
develops and manufactures mechatronic assemblies for the solar industry and
other industrial applications.
CONTACT Walter Brückl | CEO
PHONE +49 (0) 851 - 966 92 - 0
FAX +49 (0) 851 - 966 92 - 15
MAIL investor.relations(at)intica-systems.de
25.02.2010 11:09 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: InTiCa Systems AG
Spitalhofstraße 94
94032 Passau
Deutschland
Phone: 0851 / 96692 0
Fax: 0851 / 96692 15
E-mail: investor.relations(at)intica-systems.de
Internet: www.intica-systems.de
ISIN: DE0005874846
WKN: 587484
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Hamburg, Stuttgart
End of News DGAP News-Service
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Datum: 25.02.2010 - 11:09 Uhr
Sprache: Deutsch
News-ID 17114
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