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Rakon's European Operations Hit Record Sales Quarter

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Fuseworks Media
Fuseworks Media
Rakon's European Operations Hit Record Sales Quarter

Rakon's European operations are reporting a record sales quarter to end of September, with the highest volume of shipments recorded in Rakon UK's history.

Rakon purchased the Frequency Control Products division of CMAC in March 2007 for NZ$58 million.

Philip Davies, Business Unit Manager Rakon UK, said the record quarter marked the highest quantity shipped since that company's formation in 1937 and represents an increase of 300% compared with volume shipped in the quarter immediately following Rakon's acquisition in 2007.

Rakon's CEO, Brent Robinson said the result was in line with the company's expectations and was a further validation of Rakon's acquisition process.

"We identified opportunities with femtocells a while back and we are very pleased to see these strategies now bearing fruit. There have been major rollouts of the deployment of this technology in Japan and North America. The record quarter is a reflection of the demand for our ultra-stable TCXOs and TC-OCXOs as a result of the need for high performance, competitively priced timing solutions in telecommunications infrastructure.

"In particular, Rakon's Pluto TCXO is now being incorporated into tier one telecommunications equipment manufacturers products and this is reflected in the upswing in sales.

"As well as the femtocell roll out, which will provide significant potential for Rakon in the future, Telco service providers are rolling out new and higher bandwidth networks as they seek more capacity to avoid data overload. This is good news for Rakon as we had earlier identified this potential and have moved swiftly to gain market share".

At Rakon's recent ASM, Chairman Bryan Mogridge spoke of Rakon broadening its base by supplying the infrastructure and data network markets.

"The demand for more data, whether voice, words or pictures, is on a steep upward curve generating the need for enhanced infrastructure plus devices to receive or send the increased data.

"You can see it right here in New Zealand with the Government's drive to lay fibre optic cable to your homes and the number of people using devices like iPads, iPhones and BlackBerrys," he said.

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