Eurotech: $1.7M Follow-On Order for ZyWAN Router in Smart Grid Application

Regional Power Company in US Uses ZyWAN to Improve Efficiency and Deliver Data for Operational Control in Smart Grid Initiatives

Amaro (Italy) – September 1st, 2011 – Eurotech, a leading supplier of embedded technologies, products and systems, today announces a $1.7M follow-on order to supply the ZyWAN cellular router to a regional power company serving more than 2 million customers. The order, to be delivered by the end of 2011,will support the company’s Smart Grid initiatives to wirelessly connect smart meters for residential and business clients and enable SCADA operations.
The ZyWAN cellular router wirelessly transmits real-time data about the power grid. Using the ZyWAN unit gives the utility a reliable, high performance network access point for a comprehensive view of their grid.
This Smart Grid application with the Eurotech ZyWAN provides near real-time management of the end user’s power usage, offering an optimal customer experience while maintaining operational efficiency for the utility. Benefits to the end customer include automatic meter reading without a visit to the local property and notifications of power outages to better manage restoration efforts.
“Utilities that commit to delivering power over a Smart Grid have to be able to rely on rugged and capable systems that enable secure and reliable data flow,” explained Greg Nicoloso, CEO of Eurotech Inc. “The ZyWAN router from Eurotech helps utilities make Smart Grid initiatives come true.”

Roberto Siagri – Consigli a un futuro imprenditore

Workingcapitalteam – Youtube channel

” Al Tour dei Mille Trieste, Siagri Roberto, Presidente e Amministratore Delegato di Eurotech, ha raccontato il percorso che lo ha portato a fondare un’impresa oggi presente nei maggiori mercati mondiali dell’ICT, dando utili consigli ai giovani che, oggi, vogliono cimentarsi nella carriera imprenditoriale.”

Eurotech: 1.5M USD Contract to Supply Embedded Computers for Medical Application

Eurotech Sphere II Embedded Computer Powers Devices for Medical OEM Supplier

Amaro (Italy) – August 30th, 2011 – Eurotech, a leading supplier of embedded technologies, products and systems, today announces they have been selected to supply embedded computers to a medical original equipment manufacturer (OEM) that specializes in diagnostics solutions. The value of the six-month contract is about 1.5M USD.

The Eurotech Sphere II will allow the customer to meet market demand and extend the lifecycle of chemistry analyzers using ARM technology. Used to test for diseases in just minutes, these products connect to a laboratory information management system that collects all results into an electronic medical record.

“Medical OEMS can extend their product lifecycle by taking advantage of our state-of-art platforms,” said Greg Nicoloso, Chief Executive Officer of Eurotech Inc. “Eurotech offers embedded computers pre-installed with software layers that makes them application-ready platforms, allowing customers to reduce time-to-market.”

Eurotech: Board approves consolidated half-year results to 30 June 2011

Amaro (Italy), 29 August 2011

– Consolidated revenues: from €41.82 million to €41.16 million

– Consolidated gross profit: from €21.49 million to €21.19 million

– Consolidated EBITDA: from €503 thousand to €-598 thousand

– Consolidated EBIT: from €-3.39 million to €-4.33 million

– Consolidated pre-tax profit (loss): from €-4.76 million to €-5.37 million

– Group net profit (loss): from EUR -4.96 million to EUR -5.41 million

– Net financial debt: €16.79 million

– Group shareholders’ equity: €118.47 million

Today the Board of Directors of Eurotech S.p.A. reviewed and approved the results for the first half of 2011.

In the first six months of this year, Group revenues decreased slightly, by 1.6%, to €41.16 million, from €41.82 million in the first half of 2010. The first semester was affected by an uncertain situation in the US market, leading to a slowdown in the order intake, as well as a deferral in turnover in the Japanese market following the earthquake in March. However, the different impact of the first half on total annual turnover, and the current order situation, suggest that the second semester will show an improvement on the second half of last year.

20110829_CS_en.pdf : pdf (303 Kb) Eurotech: Board approves consolidated half-year results to 30 June 2011