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| AWR Press Release - October 26, 2009 |
AWR Reports Record Financial Performance for First Half of FY2010
Despite Uncertain EconomyCompany Credits Exceptional Product Technology and Company Culture Focusing on Customer Productivity for Continuous Success
 El Segundo, CA — October 26, 2009 — AWR®, the innovation leader in high-frequency electronic design automation (EDA), today announced record revenues for the first half of its 2010 fiscal year which ended September 30, 2009. The company also reported record profitability (EBITDA) for this same period, as well as the largest number of employees in its history. In contrast to competitors in the market sectors it serves, AWR is thriving and growing despite the uncertain economy.
AWR's performance in the first half of its current fiscal year (2010) was driven by consistent growth within existing aerospace and defense accounts as well as from new customers switching to AWR products from competing tools as they look to exit this recession with a competitive advantage.
“In these tumultuous times, trust has become a huge issue,” said Dane Collins, AWR CEO. “AWR’s continued success over the years and especially throughout this year-long economic recession attests to the fact that customers are convinced AWR is in the best position to support their long-term goals and is the one vendor committed to the RF and microwave market. Focusing on the productivity of our customers is a winning strategy. Delivering exceptional product technology and complementing that with a company culture that believes in going the extra mile to ensure the success of our customers is a powerful combination and one that is clearly working well for AWR."
About AWR
AWR is the innovation leader in high-frequency EDA software that dramatically reduces development time and cost for products employed in wireless, high-speed wired broadband, aerospace and defense, and electro-optical applications. The company’s core technology is unique among high-frequency EDA platforms in that it is inherently open and flexible. AWR continually strengthens its product portfolio with innovative new technologies that enable faster, more streamlined product development, the most recent of which are the ACE™, RFA™, and AXIEM™ tools. The privately-held company has thousands of active users and is headquartered at 1960 East Grand Avenue, Suite 430, El Segundo, Calif. 90245. For more information about AWR and its products, please visit www.awrcorp.com.
© 2009 AWR Corporation. AWR, the AWR logo, and Microwave Office are registered trademarks, and ACE, AXIEM, RFA, and Visual System Simulator are trademarks of AWR Corporation. All others may be trademarks of their respective holders.
Contact:
Sherry Hess
Vice President of Marketing
AWR Corporation
(310) 726-3000
hess@awrcorp.com
Posted 10/27/2009
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