||Conklin, NY — Universal Instruments credits its 2011 market success to its positioning its electronics assembly solutions portfolio in the forefront of an evolving industry landscape. The company's product and solutions roadmaps were well-aligned in anticipation of a global technology shift, resulting in an excellent position in the emerging "green" markets, an expanded customer base and a Q4 2011 global market share gain of nearly 2 percent versus the prior year.
The company's CFO Keith O'Leary commented, "For the third consecutive year, Universal maintained a strong cash position and our Q4 market share gains portend the success of 2012. Universal acquired more than 80 new customers in 2011 and our wins spanned a diverse variety of companies, some of which are being challenged as they expand beyond their traditional competencies. By maintaining a leading-edge market strategy that supports this transformation, we're ensuring incremental growth and continued profitability as a top-tier financial and market performer in our segment."
Universal Instruments' CEO and President, Jean-Luc Pelissier added, "This year's momentum was bolstered by emerging and evolving markets. We recognized that there was a significant industry transition at-hand and were focused on understanding new markets such as Concentrated Photovoltaic (Solar), Solid-State Lighting (SSL) and Power Conversion and delivering the best comprehensive solutions for them. We also took advantage of the explosion of new advanced Semiconductor packages and leveraged our unique capability to deliver cost-effective solutions."
Contact: Universal Instruments Corp., 33 Broome Corporate Parkway, Conklin, NY 13748 607-779-5364 fax: 607-772-1878 E-mail: email@example.com Web: http://www.uic.com