Irisys Revenues More Than Double in 2010

- Hi-tech Firm Sees Record Results and Announces Major Recruitment Drive

Mar 30, 2011, 04:00 ET from Irisys

LONDON, March 30, 2011 /PRNewswire/ -- Irisys, a global leader in infrared based solutions, has announced record results for the 2010 financial year with revenues more than double those of 2009.

The Northampton-based company saw particularly strong growth in its queue management solutions in North America, as used by major retailers including Tesco and Morrisons as a key part of their strategy to drive customer satisfaction. Customer counting technologies, used by retailers such as Vodafone, Abercrombie and Fitch, and M&S to enhance shop performance, also saw strong uptake, as did thermal imaging solutions, particularly for the fast-growing security market.

Managing Director David Clayson said that he also expected 2011 to be buoyant. "We have seen a stronger than predicted rebound in our markets following the global downturn in 2009," he explained. "Our strategic investments in areas such as security, industrial thermal imaging and healthcare, as well as improved products in our core markets of counting and queuing, are paying off, and we have our largest ever open order book for the start of the New Year. We are now the acknowledged world leader in queue management and people counting, with an installed global base far larger than any other company."

Irisys exports over 80 per cent of its products, and has seen strong growth in European and North American markets for all of its products.

To meet increasing demand, Irisys has embarked on a major recruitment drive. The 90-strong company plans to increase its workforce by 20 per cent in 2011, and is seeking top flight engineering, R&D, and production staff.

In February 2011, Irisys announced the receipt of a grant from the UK Department of Health to develop a groundbreaking automatic handwash monitoring and alerting system for the National Health Service that aims to reduce the effects of hospital 'superbugs', and thereby help to save some of the 1bn pounds Sterling annual cost of such infections.

About Irisys

Irisys is a UK innovator in award winning technologies that make a significant, measurable impact on business efficiency, and improve the quality of people's lives.  

Irisys is a high technology manufacturing success story, exporting British technology all over the world, and regularly featuring in the Sunday Times Tech Track list of fastest growing technology companies. The company invests double digit percentage of revenues in R&D, and holds over 70 patents. One in six employees has a PhD.

Irisys is the global leader in people counting technologies and real time queue management solutions.  Its infrared thermal imaging solutions are used by some of the world's leading retailers to boost customer service, operational efficiency and profitability. Irisys pioneered the introduction of very low cost thermal imaging cameras for industrial applications, and its security technologies are predicted to transform the intruder detection market. Irisys healthcare solutions aim to make hospitals safer and cleaner, and improve home monitoring for the elderly and infirm.

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Richard Strange
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Ian Wilcock
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