RICHARDSON, Texas, Jan. 24 /PRNewswire/ -- Zyvex today announced financial results for fiscal year 2005. The Texas company continues its business gains with total revenues in excess of $10 Million, which represented a 16 percent increase over 2004. "We had the best year in Zyvex history with our NanoWorks(R) Tools product line driving positive results for the quarter and the year," stated Zyvex CFO Timothy M. Gilmore. "Our financial and operational results reflect the strength of our business and provide strong momentum going into 2006." "Simply put, 2005 was an outstanding year for Zyvex," said Zyvex President Dr. Thomas A. Cellucci. "Solid and consistent execution to our strategic plan enabled us to ship a record number of products, generate record revenue, receive our 33rd patent, and add key customers and alliances around the world." "We also received ISO 9001:2000 certification from BSI, Inc., which clearly demonstrates our focus on quality, world-class performance, and continuous improvements to ensure that we deliver on the promises we make to our valued customers, employees, and vendors." Founded in 1997, Zyvex reported its first revenues in 2001, grossing $150,000. Company revenues grew to $1.2 Million in 2002, $4.3 Million in 2003, and $8.6 Million in 2004. The Zyvex team anticipates that the company will achieve cash-flow break-even during 2006. Zyvex realized a 22 percent increase in new customers in 2005. The company has customers in the Aerospace/Defense, Healthcare/Medical, and Electronics/Semiconductor industries. Zyvex also has numerous key alliances with industry leaders, including Easton Sports, Frost & Sullivan, MIT's Institute for Soldier Nanotechnologies, and Texas Instruments. Zyvex has worldwide sales representation in Australia, China, France, Germany, Italy, Japan, Korea, Malaysia, New Zealand, Poland, Singapore, Switzerland, Taiwan, Thailand, the United Kingdom, and Vietnam through alliances with Keithley Instruments, Inc., Caltron, Pte., Coherent Scientific Pty Ltd., and L.O.T.-Oriel. About the Company Zyvex Corporation, based in Richardson, Texas, is the first molecular nanotechnology company. Zyvex's vision is to be the leading worldwide supplier of tools, products, and services that enable adaptable, affordable, and molecularly precise manufacturing. Zyvex commercializes nanotechnology to address real-world applications with high growth potential. Zyvex carries its scientific breakthroughs into key commercial applications in the area of materials, tools, and structures.
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