Profitable 2009 Fiscal Year
January 11, 2010, Woburn, MA, USA: Lytron announced today that the company’s activities resulted in a profitable 2009 fiscal year. Although sales remained relatively flat from 2008 to 2009, Lytron expects to see substantial revenue growth in 2010 based on existing orders. This anticipated growth is primarily the result of sales of cooling products to Fortune 100 original equipment manufacturers (OEM) as well as orders for military jet engine bleed valves.
“Despite the economic recession, Lytron remained cash flow positive in 2009,” notes Lytron’s Chief Financial Officer David Long. “Our profitability is a testament to our commitment to quality, innovation, and efficiency, as well as to the growth and stability of our OEM customers, our partners, and our suppliers.”
During 2009, Lytron invested in new factory equipment, launched its LCS50 Coolant Distribution Unit (CDU) for data center cooling, expanded its presence in China, and hired a new vice president of engineering. The company plans to continue to expand its factory capabilities in 2010 with the addition of factory staff and new equipment. Lytron also plans to continue to add experienced design and manufacturing engineers to its staff to keep up with demand for custom vacuum brazed components, value-added assemblies, and cooling systems.
Lytron designs and manufactures custom and standard cold plates, heat exchangers, assemblies, and cooling systems for OEMs and end users. The company’s products are primarily used in the medical, laser, military, commercial aerospace, power electronics, analytical, and semiconductor markets. Lytron sells directly from its headquarters and through its representatives and distributors around the world.
For more information, please email TBarber@Lytron.com or call +1-781-933-7300.