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Omnetics - engineering investment increased

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: 09 August, 2008  (Company News)
New products to drive revenue growth
Omnetics Connector Corporation, the leading manufacturer of miniature high rel connectors, is predicting revenue growth this year, despite difficult worldwide economic conditions. The company is investing in its engineering team and has an aggressive product roll-out schedule well underway. Already this has led to a 42% increase in new customers, mainly in the defence, medical and industrial sectors.

Comments Gary Evans, European Sales Manager: “In Europe, sales for our 0.025in/0.635mm pitch nano-miniature Bi-lobe® and micro-miniature 0.050in/1.27mm pitch micro-miniature connectors are up by 40%. We are taking an increased market share in North America, and in Asia – a relatively new target for Omnetics – the market is opening up strongly, and we have identified a huge number of design opportunities.”

Omnetics has doubled its engineering headcount in order to drive its new product introduction plans which are focused around its brand-leading nano-miniature Bi-lobe series. Already this year the company has introduced hermetically sealed and high temperature Bi-lobe products targeting the petrochem, space and UAV sectors, is launching a series of circular nano connectors and has received QPL approval for its single and dual row Bi-Lobes. Four further significant product family introductions are planned in the next quarter.

Concludes Evans: “Omnetics will always continue to innovate by listening to what the market and our customers are saying. We are flexible and responsive and relish technical challenges.”
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