Earnings Release • Nov 2, 2011
Earnings Release
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Egide, the specialist in hermetic packages dedicated to the protection and the interconnection of critical electronic and optical chips announced today that it has renewed its 2-year agreement with the American company Crane Aerospace & Electronics (formerly known as Interpoint) based in Redmond, Washington.
Through this agreement, Egide USA, the American subsidiary of Egide, will supply over 100,000 units of hermetic packages, with an estimated value of \$4.3 million. High power packages and the associated lids will be manufactured in the US production site of the Group.
Since September 2006, the relationship between the 2 companies has been governed by Long Term Agreements. According to Philippe Bregi, Chairman and CEO of Egide, "Long Term Agreements are the most efficient way to serve such high-end markets as it allows the customer to rely on high quality products, at adequate pricing due to guaranteed quantities. At the same time, the supplier is able to concentrate on quality and on time delivery. This supposes a mutual trust between the Customer and the Supplier and I am very proud that our US subsidiary has deserved this trust from a prestigious customer such as Crane Aerospace & Electronics."
Both Egide SA and Egide USA, its US subsidiary, are very active in the military and space domain which represented 47% of the revenues of the Egide group during the first half of 2011.
The critical electronic components used in all major military programs rely largely on hermetic packages such as those produced by Egide to ensure their protection and only few players in the world have mastered the fabrication of such hermetic packages as well as Egide. By developing high end solutions, Egide responds to problems in many Defense applications that require miniaturization, high technology, high power and high reliability.
Crane A & E, a Crane Co. Company, is a leading manufacturer of high-reliability microelectronic power-conversion products and custom hybrids for the aerospace, space, military, medical, industrial, and commercial markets. Crane Aerospace & Electronics companies are known for their technical strength, proven product reliability, innovative solutions and overall value.
Egide SA is a European group with international scope specializing in the manufacture of hermetic cases for sensitive electronic components. The Group is active in high tech sectors, including Aerospace, Defense, Security, Aeronautics, Telecommunications, Automotives and Medicine. The only dedicated manufacturer in its domain, Egide has facilities in France, the United States and Great Britain.
EGIDE is listed on NYSE Euronext Paris™- Compartment C - ISIN: FR0000072373 – Reuters: EGID.PA – Bloomberg: GID
Egide has renewed its OSEO Innovative Company label on 10 September 2009 Environmental and quality management systems certified ISO 9001:2008 and ISO 14001:2004
Contacts
EGIDE – Financial Department - Philippe Lussiez - +33 1 30 68 81 00 - [email protected] FIN'EXTENSO – Press Relations - Isabelle Aprile - +33 1 39 97 61 22 – [email protected]
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