REO Posts Record Results
BOULDER, Colo., March 19, 2010 — REO, maker of thin-film coatings, optics and optomechanical assemblies for the ultraviolet, visible and infrared, announced record-breaking sales of more than $30 million in 2009, making it the best year since the company's founding in 1993. These figures represent a 28 percent gain over 2008 and give the company a compound annual growth rate of more than 16 percent over six years. REO entered 2010 with the largest backlog in its history.
“There are three key elements that have enabled us to prosper despite the overall downturn in the economy,” said CEO Terry L. Moshier. “First, we added substantial manufacturing capabilities, especially in the infrared, giving us access to a larger market. Second, we’ve developed new technologies in coating, fabrication and assembly, which enable us to cost-effectively manufacture high-precision products in high volume. And, perhaps most important, we’ve focused on providing value-added engineering, which helps us win more orders and also allows us to avoid competing on price alone.”
REO services primarily medium- to high-volume OEMs, including producers of defense and aerospace systems, laser systems, semiconductor tools, medical systems, life sciences instrumentation and telecom equipment.
For more information, visit: www.reoinc.com
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