5/13/2005 - I-Logix Inc. kicked-off 2005 on a high note following record sales growth momentum in 2004. Q1 2005 posted a 50% increase in new sales and bookings over Q1 2004, with total sales up over 30% from the same quarter in 2004. I-Logix Q1 successes demonstrates that diversified industries are embracing I-Logix's Statemate and Rhapsody design and development environments into their development processes to improve product quality while compressing time-to-market cycles. In Q1, aerospace, transportation, consumer and medical were growth areas for the company while telecom, a segment that has been historically hard-hit in past years, grew aggressively as well.
"We challenged ourselves to launch new state-of-the-art embedded systems products in early 2005, and aggressively geared up to capitalize on the competitive advantage that the latest versions of Rhapsody and Statemate offer to our market. I-Logix's continued growth and healthy cash positive position reflects the strength of this strategy, and we are focused to get the most out of the overwhelming interest in our new products for a strong 2005," Gene Robinson, CEO I-Logix Inc, said.
In Q1 major telecom companies such as Alcatel Sel AG, Novatel, Nokia Corporation, Motorola, and Lucent Technologies purchased I-Logix products and services. In the aerospace defense market, I-Logix continued to win new business from General Dynamics, Lockheed Martin, NASA, Northrup Grumman, Raytheon, and Thales Electronics. Medical customers Cameron Health, Sane Software, Siemens AG Medical coupled with transportation leaders Bombardier, General Motors Corporation, ITT Industries, Renault and Siemens AG and consumer products innovators like Texas Instruments and Hewlett-Packard rounded out sales successes to post a profitable and cash-positive close for the first quarter of 2005.
In February, I-Logix launched flagship product Rhapsody 6.0 at the Embedded Show Conference (ESC) show in San Francisco. Rhapsody 6.0 met with great success, winning the Best in Show "Embeddie" from Venture Development Capital (VDC). Beyond the award itself, this achievement is significant because Rhapsody 6.0 is the first existing product to win this prestigious embedded industry award, which is usually reserved for new product introductions. With the launch of Rhapsody 6.0, the Rhapsody tool suite expands to encompass the most powerful design and software development environment in the industry, in addition to being the most user-friendly, intuitive tool environment available. Rhapsody 5.0 was previously recognized in 2005 by another market research firm, the Embedded Marketing Forecasters (EMF), as the best UML 2.0 solution for the MDD marketplace. Recognition as the market leader by embedded systems market analysts for two consecutive years is unparallel for any product in this space, and is based on delivering proven value to systems engineers and software developers.
Founded in 1987, I-Logix is the worldwide leading provider of Collaborative Model-Driven Development (MDD) solutions for systems design through software development focused on real-time embedded applications. These solutions allow engineers, operating in either small or very large teams, to graphically model the requirements, behavior, and functionality of embedded systems. The design is iteratively analyzed, validated, and tested throughout the development process while automatically generated production quality code can be output in a variety of languages. I-Logix facilitates team collaboration through unique project and task management capabilities integrated into its UML based MDD solutions, enabling design review and inter-team participation from concept-to-code, regardless of where team members are located. I-Logix is headquartered in Andover, Massachusetts and has sales and support centers throughout North America, Europe and the Far East.
For more information about Rhapsody 6.0:
Tel: 978 682-2100
Fax: 978 682-5995
Address: 3 Riverside Drive, Andover, MA 01810
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