Monday, July 10, 2006
Chinese market provides rapid growth
Lyrtech reports rapid growth in the very competitive Chinese market, particularly in its important business of advanced development platforms for DSP applications.
Lyrtech reports rapid growth in the very competitive Chinese market, particularly in its important business of advanced development platforms for DSP applications. The Asian market now accounts for 11% of total company sales (as per the results of the first quarter of 2006) and this ratio is growing. Severalo important contracts involving Lyrtech's line of advanced development solutions have been secured in China since March 2004 involving DoCoMo Beijing Communications Laboratories, Chengdu Electric Technical, the University of Electronic Science and Technology of China, and others.
Technical applications where Lyrtech possesses clear competitive advantages include: advanced wireless communication technologies for infrastructure and consumer devices; multiple-input, multiple-output (MIMO) technology; global positioning system (GPS) technology; radar technology; and advanced audio processing.
'Lyrtech's advanced model-based design solutions for DSP applications, because of their high quality and innovative design, are very compelling to the Chinese engineering community', says Dr Yingcun Ji, General Manager of HiRain Technologies, Lyrtech's distributor in China.
'We have invested technical resources and important marketing efforts in our three regional offices to support Lyrtech's growth in China'.
'We are committed to their success in China and are looking forward to expanding the range of products and services offered by Lyrtech in this market'.
With more than 47% of its revenues already originating outside Canada (as per the results of the first quarter of 2006), Lyrtech is rapidly becoming a major high technology and high-technology solutions exporter worldwide, further bolstering Quebec's high-technology industry position in strategic markets.
Through its continuous innovation and unwavering focus on DSP and embedded electronics design and manufacturing, its core expertise, Lyrtech is well poised to continue growing through the coming years.
Lyrtech reports rapid growth in the very competitive Chinese market, particularly in its important business of advanced development platforms for DSP applications. The Asian market now accounts for 11% of total company sales (as per the results of the first quarter of 2006) and this ratio is growing. Severalo important contracts involving Lyrtech's line of advanced development solutions have been secured in China since March 2004 involving DoCoMo Beijing Communications Laboratories, Chengdu Electric Technical, the University of Electronic Science and Technology of China, and others.
Technical applications where Lyrtech possesses clear competitive advantages include: advanced wireless communication technologies for infrastructure and consumer devices; multiple-input, multiple-output (MIMO) technology; global positioning system (GPS) technology; radar technology; and advanced audio processing.
'Lyrtech's advanced model-based design solutions for DSP applications, because of their high quality and innovative design, are very compelling to the Chinese engineering community', says Dr Yingcun Ji, General Manager of HiRain Technologies, Lyrtech's distributor in China.
'We have invested technical resources and important marketing efforts in our three regional offices to support Lyrtech's growth in China'.
'We are committed to their success in China and are looking forward to expanding the range of products and services offered by Lyrtech in this market'.
With more than 47% of its revenues already originating outside Canada (as per the results of the first quarter of 2006), Lyrtech is rapidly becoming a major high technology and high-technology solutions exporter worldwide, further bolstering Quebec's high-technology industry position in strategic markets.
Through its continuous innovation and unwavering focus on DSP and embedded electronics design and manufacturing, its core expertise, Lyrtech is well poised to continue growing through the coming years.
# posted by Swathi @ 2:20 AM 
