ZBD, a UK company that designs, manufactures and supplies e-paper display solutions for retailers and industrial users globally, today announces it has delivered exceptionally strong results for the last financial year (ending 31.3.12).
Highlights
- Revenue grew to $19.6m (£12.6m) from $6.4m (£4.1m) in line with forecasts and continuing the 200% CAGR since commercialisation began four years ago
- Exports continue to drive growth: presence in 15 retail sectors in 24 countries and at least 50% of the world´s leading retailers engaged with, or in discussion with, ZBD
- Retail client numbers grew to 130 from 52 and e-paper for retail (ESL) remains primary revenue driver
- Non-retail customer numbers have grown from seven to 40 across eight sectors reflecting increasing activity
- Product portfolio now includes eight variants of ZBD´s LCD e-paper displays
- Strong improvements in LCD manufacturing yields underpin solid gross margin
Commenting on the results, ZBD CEO, Shaun Gray stated:
"We are very pleased with the results for the last year having again grown strongly based on our ability to take science, technology and high-tech manufacturing and deliver highly innovative products and solutions to customers around the world. We are encouraged by the number of clients now using our technology and demonstrating a significant and quantifiable return on investment. This is the most important measure of success."
To view the full press release click here.
ENDS
Notes for editors
About ZBD:
Formed in 2000 out of QinetiQ, ZBD is a pioneering company with its own R&D, full IPR and scalable manufacturing processes that enable it to deliver an e-paper solution with practical commercial advantages for retailers.
ZBD is a leader in the design and supply of electronic shelf edge labels and associated software solutions for the retail industry. The company has developed the next generation of LCD, creating high-contrast bistability that requires no battery power to retain its image. Its range of e-paper displays provides retailers with a total store solution and the ability to manage and update pricing, product and promotional information at point of purchase, dynamically.
For further information on ZBD, visit http://www.zbdsolutions.com or follow ZBD on Twitter at @zbdsolutions.