Tronics announces the signature of an industrialisation contract with a leading provider of gas sensing solutions. This partnership will lead to the production ramp up of MEMS-based optical gas sensors
Grenoble, France and Dallas, TX, USA – 22 February, 2016 - Tronics, a designer and manufacturer of innovative nano and microsystems, has signed an industrialisation contract with a leading supplier of gas sensors for industrial applications. This partnership amounts to approximately €700K and will lead in 2017 to pilot production of MEMS-based optical gas detectors, with potential manufacturing revenue between €500K and €1M per year.
Interest in gas sensors for industrial applications is growing, mainly driven by more stringent safety requirements. This momentum paves the way for new opportunities in the field of optical MEMS, which enable further miniaturisation and cost reduction compared to existing technologies.
Through this partnership, Tronics will bring its customer's high accuracy gas sensors to the industrial phase, by ramping up the production from small scale to large volumes. The innovative technologies issued from Tronics' portfolio have proven to be in line with the needs of the sector, which will allow its customer to reach the required production levels and fulfil its growing needs for high-end industrial applications.
“ This contract demonstrates our ability to diversify our activities in the industrial market and makes Tronics the ideal partner for the industrialisation of products with high added value”, said Pascal Langlois, Chief Executive Officer of Tronics. “ We remain fully committed to our development strategy and will keep supplying our pipeline with new business opportunities to provide demanding markets with state-of-the-art technological and manufacturing expertise ”.
ABOUT TRONICS
Founded in 1997, Tronics is a recognized technological leader in the sector of nano & microsystems with high added value.
Positioned at the heart of product innovation, Tronics has technology platforms protected by a portfolio of 25 families of patents, resulting from 15 years of R&D and more than €15 million of cumulative industrial investments.
Addressing high-growth markets relying on increasing miniaturization of electronic devices, Tronics designs, manufactures and sells custom or standard products to the industry, aeronautics & security, medical and consumer markets.
Located in Crolles, near Grenoble (France) and in Dallas, Texas (United States), Tronics posted revenue of €7.8 Million in 2015. It now has 92 employees, of whom 55 are engineers and scientists.
ISIN code: FR0004175099 ALTRO.
« Innovative Company » certification number: A1410008 V.
For more information: www.tronicsgroup-bourse.com
TRONICS CONTACTS
Karl Biasio
Marketing Manager
Phone: 00 33 4 76 97 29 50
info@tronicsgroup.com
INVESTORS/PRESS CONTACTS
Amalia Naveira/Marie-Claude Triquet
Actus Lyon
Phone: 00 33 4 72 18 04 93
anaveira@actus.fr/mctriquet@actus.fr
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Full and original press release in PDF:
http://www.actusnews.com/documents_communiques/ACTUS-0-43227-TRONICS-022216-Contract-for-gas-sensing-applications-GB.PDF
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