Egide: Egide Group order entry is accelerating in Q4 21
10 Diciembre 2021 - 12:00AM
Egide: Egide Group order entry is accelerating in Q4 21
Bollène, December 10,2021 – 07 :00am
(CET)Press Release
Egide Group order
entry is accelerating in
Q4 21,preparing for
continued growth in 2022.
- New customer contracts were
secured in 4th
quarter 2021, comforting the Egide Group
backlog for 2022.
- Egide customers
globally unaffected by the current
shortage of electronic components
- Egide USA's Cambridge Plant at Full Production
Capacity
- Group enters
2022 with
confidence
While the world economy is worried about the
resurgence of the epidemic, Egide Group is approaching 2022 with
serenity after securing new business engagements these recent
weeks.
- In Europe:
- Several orders for a total of €2.4
million revenue in 2022 have been received since October from
Defense customers in Israel: multiple new projects which
co-development started few years ago with one of Egide’s important
customer are now ramping up in volume.
- Historical recurrent customers have
globally now placed orders for 2022.
- Egide has successfully produced and
delivered its first samples and driving multiple new engagements
for next generation high speed communication transceivers. This
leading-edge technology is enabled by recent R&D innovations
and is expected to ramp in high volume in the upcoming years with
support from new modern automated infrastructures.
- In the US:
- Following the return to full
production capacity at its Cambridge site, Egide USA's HTCC
ceramics order book has recovered with close to $1 million,
including two new customers
- A multi-year multi-million $
agreement with its largest power customer is currently in sign-off
stage.
Thanks to the industrial efforts in Bollène and
Cambridge, the Egide Group is able to respond positively to the
dynamics of its markets, offering improved lead-time compared to
its traditional competitors.
The Group is confirming again that its customers
do not seem to be impacted by the worldwide shortage of electronic
components that has been affected other high-volume market such as
computers, mobile phones or automotive.
Jim Collins, President and CEO of Egide,
comments: “2020 and 2021 were difficult years for the Group,
particularly due to the health crisis and the fire at our Cambridge
plant. The very good rhythm of our order book build-up in recent
months, driven largely by the Defense sector, provides a solid
foundation for a good year 2022. »
FINANCIAL CALENDAR
2021 full
year sales |
January 26,
2022 |
CONTACTS
EGIDE – Luc Ardon –
CFO - +33 4 90 30 35 94 –
luc.ardon@fr.egide-group.com
FIN’EXTENSO – Press
Relations - Isabelle Aprile - +33
1 39 97 61 22 – i.aprile@finextenso.fr
About
Egide - Keep up to date
with all the Group's news online:
www.egide-group.com and
LinkedInEgide is a group with an international
dimension, specialized in the manufacture of hermetic packages and
heat dissipation solutions for sensitive electronic components. It
operates in cutting edge markets with strong technology barriers to
entry in all critical industry segments (Thermal Imaging.
Optronics. High-Frequency. Power Units…). Egide is the only pure
player in this market niche with manufacturing bases in France and
the United States.
Egide is listed on Euronext Paris™-
Segment C - ISIN code: FR0000072373 – Reuters: EGID.PA – Bloomberg:
GID
- 211210-Egide-PR-Defense-EN
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