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Positive result development continues 2004-2005
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Meritie Oy is a profit making company. “Third consecutive year in a row” – says CMO Rauno Saarnio.
Some key information:
Turnover growth of + 30 %
Export +80 % of our entire turnover
Invoicing to + 50 countries
The business is profitable.
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M2M
The business started finally in this business year, we have still some R&D work going on. The larger growth is expected in the near future. The M2M R&D will continue, we have a lot of interesting ideas that we can add to our existing product. Several new add-on products have been planned. The M2M card is installed among other to petrol filling station chains and also to some oil company cases.
Several international M2M projects have started. We have big expectations of M2M business division. Meritie is also involved in a COSI project. This is a Eureka project and several international companies are taking part. During this time the Meritie M2M product family will get some new features that our client will value. More about COSI project later.
Software
Meritie has also developed software products such as Helpdesk. Other products are right now under construction. The software is mainly developed for own purpose. We have not been able to buy such ready made products that we require. This has been the reason for own development. We produce the UML coding and we outsource the software work for third parties. In later state we will package and finalize these interesting software products and start to sell them. We have also started with other new software projects. We will announce these products later in 2006. Meritie takes part also in large International project development projects.
Hosting services
Meritie started with Hosting services 01.10.2002. Today we have +300 valued customers. We expect this service to grow to + 400 clients within the next year. Meritie AXNdata is offering also database solutions and web publishing tools. In last fiscal year we succeeded to enter the Swedish market. First Swedish clients have already taken our AXNPublisher in use. Our Control Panel has been valued by our clients. The largest growth is achieved by SMI corporations.
LED products our newest business division
Meritie has been able to finalize the product line. We know have existing sales networks. Large first installations have been made in 2005. Meritie is still taking heavy steps towards new LED products. In year 2006 we hope to deliver products to 2-3 oil companies or petrol filling station chains. Today we can offer new products such as:
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LED prices signs in various sizes
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LED matrix displays for both inside and outside use.
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LED seven segment displays for various purposes time and temperature signs.
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LED bulbs
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LED Tubes in various colours also RGB with DMX
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LED facade tubes with DMX control
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LED Tile
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LED Bricks
other products coming from our R&D pipeline during 2005-2006.
Trading:
Meritie has experience in international trading and good connections to China, Taiwan and Malaysia. We have been buying components and other items for several years. We can supply various components very cost effectively. We have many clients like large international companies, Telcos, etc.
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AC adaptors and power supplies, etc.
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AC connectors
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Antenna products + 210 different products
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Batteries and backup products
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Cables and cable series
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Electronic components
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Emergency vehicle lighting and sirens – import services
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Female headers
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Jacks and plugs
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Keyboards – flat keyboards and OEM
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Relays
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RF adaptor cables
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RF connectors
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Sony Ericsson modems and Sony Ericsson modules
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Warning light and warning panels
Overall - we expect the turnover to grow rapidly during our next fiscal year 2006-2006. The turnover will grow approx. 200 % with existing contracts.
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Top level
News
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