Valor to Continue Expanding Distribution Channels and Product Lines in 2008
19 February 2008
Valor Computerized Systems Ltd. has announced record revenues in 2007 accumulated to $42 Million, an increase of 14 percent as compared to $36.7 million in 2006.
“2007 was a successful year for Valor - a year in which our revenues grew by 14 percent.” said Ofer Shofman, Valor’s President and CEO. “We started the year with the launch of new products which were well accepted by the industry and won multiple awards for innovation, and continued with the expansion of our strategic sales channels in both the Design and the Assembly (MES) markets.”
“We signed our first OEM agreement this year with Universal Instruments, and are working to sign additional similar agreements during the coming year,” Shofman elaborated. “Such agreements diversify and expand our strategic sales channels, and are expected to help the company achieve significant growth in the Assembly market, including the MES and Process Engineering segments.”
“In addition,” said Shofman, “we signed several partnership agreements with various distributors in Europe and North America, including some of the largest EDA solution distributors in those regions. Our intention is to continue and grow our channels in all regions including China.”
“As for 2008,” said Shofman, “we continue to make a significant investment in research and development in all market segments and especially in the MES arena where we see a lot of potential. We are planning to launch additional new products during 2008, which, we believe, will affect the way electronics manufacturers manage their operations.”
“Overall, we are pleased with the annual results and are working hard to continue along the same path.” Shofman concluded.
