Growth in the first nine months of ZMDI’s fiftieth-anniversary year 2011 has been driven primarily by strong demand for energy-efficient products in the automotive sector, and by good business in chip-based medical applications like today’s hearing aids. In the automotive sector, the circuits and sensors developed by ZMDI have helped reduce average fuel consumption and CO2 emissions. At mid-year, ZMDI released such products as a high-performance chip for efficiently controlling and monitoring car batteries, making the use of start-stop technology trouble-free. It also won important project contracts that included LED drivers for power-saving lighting.
With the introduction of 24 new products in 2011, ZMDI launched more products on the market than ever before, and once again significantly expanded its range of services for its clients.
In parallel with the growth from the first three quarters of 2011, ZMDI also evolved strategically and significantly expanded its business in standard products. The most recent highlight in this area was the company’s entry into the market for smart power management at the end of September. ZMDI circuits provide a viable solution to help significantly reduce energy consumption, especially in computer centers. The continuous cooling of large computer centers, which are necessary to handle digital data, requires high levels of power consumption and makes computer centers the world’s largest generators of CO2 emissions.
As the standard products business has expanded this year, the company has already filled ten new job openings, primarily for development engineers and sales specialists. At the same time, it continued its pursuit of globalization by opening a new branch in Ireland in June.
Thilo von Selchow, ZMDI CEO stated: “ZMDI has maintained its strong performance record from the beginning of the year. We are very satisfied with the first nine months of this year, and have once again been able to raise our revenue projections slightly for all of 2011. In building up our business with standard products, we have achieved major strategic goals ahead of schedule. As a result, ZMDI will use 2012 primarily to consolidate our hold on the ground we’ve already gained, and to lay the foundation for further growth. For that purpose, we’ll speed up some necessary retooling processes and move various other measures forward, such as building up new capacity in development and sales, as well as steps to safeguard our consistently high level of quality.”
Mr von Selchow added: “The economic climate overall has become tougher. But it’s still too early for any precise estimates about 2012. No matter how the conditions look next year, ZMDI will be well positioned, with more than twenty new products on the market. To keep things that way for the long term, we’ll hold firm to our large investments in research and development again next year.”
See more at www.zmdi.com.