Strong second-half caps off an exceptional year.
January 15, 2021: - East Brunswick, NJ -
Triad is pleased to announce that it continued to outperform revenue projections
in the second half of 2020. The year's record−high revenue and orders were driven
by the company's rapidly growing reputation as a premier supplier of feature-rich,
ultra−efficient radios, RF/microwave bi−directional amplifiers, custom multi−functional
amplifier systems, CubeSat frequency converters and amplifiers and wideband
amplification for EW and counter UAS systems. Triad delivered some of the highest
data−rates and longest−range ISR wireless links available for Unmanned Land,
Sea, and Air Systems this year.
Triad achieved several financial and operational goals in 2020 and positioned
itself for future growth with the introduction of its new line of amplified
radios, investment in operations, and the addition of key team members.
Financial & Program Highlights
Grew second-half revenue by greater than 100% over last year, and bookings
growth by close to 20%. Realized sales in critical long-distance unmanned aerial
vehicle (UAV) programs which now includes over 53 Tier 1 and Tier 2 Defense
Contractors. Added over 35 new accounts and over 100 new opportunities over
the course of the year.
Achieved record growth in demand for our Triad Amplified Radio Systems that
are pre-integrated with Silvus, Microhard, DTC, Doodle Labs, and other well-known
MIMO radio systems and specifically designed to address the command, control,
and throughput needs of advanced unmanned systems Expanded our product line
offering with several new product introductions with solutions that span 20 MHz
to over 30 GHz covering VHF, UHF, L, S, C, X, Ku, and Ka bands. Triad RF
products have been delivered in many different form factors intended for various
applications including ultra-low-SWaP unmanned systems, rugged wheeled/tracked/maritime
systems, or rack-mounted chassis form factors.
Continued to scale our product and engineering team with the addition of
a Vice President of Engineering to our leadership team. Added new team members
in RF Engineering, Mechanical Engineering, Thermal Modeling, Engineering Management,
Production, Administration and Sales.
Grew traditional sales of COTS solutions for use in high data rate, long
distance RF data links. Won contract for 100 Army National Guard Lakota helicopters
to be equipped with Triad RF high power radio systems. Provided numerous RF
subsystems to be used in CubeSat applications that were launched or planned
for launch in 2021.
As the demand for Triad products from an increasing number of defense and
space programs grows, the company expects its sales momentum to continue into
the upcoming year.
"We've had an outstanding year despite the unprecedented challenges of 2020.
Our prospects going forward have never looked better," says Dean Handrinos,
Co−founder and Partner. "We have an exceptional team of talented and dedicated
individuals who continue to exceed customer expectations by pushing the boundaries
of high speed transmission, distance, signal purity and performance efficiency
in the harshest conditions. Our Engineering group focuses on solving the toughest
communication challenges by designing the smallest, most rugged, and efficient
RF products on the market. Having achieved AS9100D certification, our Production
and Lab teams ensure our systems are built and tested to the highest quality
standards. Our Sales and Applications engineers step up to meet the most complex
customer challenges, and our Administrative team ensures our company's financial
well-being to support these efforts.
I would like to thank our customers for their continued support and the Triad
team for their unwavering dedication. We can all be proud of our 2020 accomplishments
and we look forward to continued success in 2021."
About Triad RF System
Based in East Brunswick, New Jersey, Triad RF Systems, Inc. designs and manufactures
innovative RF/Microwave amplifiers and integrated radio systems for challenging
environments. Products include power amplifiers, bi−directional amplifiers,
rack mount systems, microwave radios, and custom multi−function assemblies.
Triad RF Systems
11 Harts Lane, Suite I
Copyright © 2020 Triad RF Systems, All rights reserved.
Posted January 20, 2021