Camgian reports record year
STARKVILLE — Camgian Microsystems Corporation has closed a record fiscal year for 2009. For the 12 months ended Dec. 31, 2009, the company recorded an increase in revenue of 213 percent from the year-ago period, boosted by strong commercial and defense engineering services contracts.
“Our strategy for 2009 was to continue growing our base of innovative microelectronics research initiatives while aggressively expanding our engineering capabilities and establishing key alliances that would enable future growth in our targeted government and commercial market segments,” said Gary Butler, Camgian president and CEO. “To this end, our employees did a remarkable job by successfully executing an ambitious plan. We are thankful to our sponsors and partners for their help in making 2009 a highly successful year for Camgian.”
Company highlights in 2009 include:
• Acquisition — In February, Camgian acquired Cypress Semiconductor Corporation’s Engineering Design Center in Starkville. The acquisition included the addition of 15 new employees and bolstered Camgian’s integrated circuit research, design and development capabilities. Additionally, the acquisition laid the groundwork for the future expansion of Camgian’s corporate headquarters into an 11,000-square-foot advanced microelectronics engineering facility now under construction in the Thad Cochran Research Park with a projected opening in late 2010.
• Technology Transfer — Completed an agreement to transfer Camgian’s ultra-low power digital circuit technology to Wave Semiconductor, a new commercial venture located in San Jose, Calif., and recently funded by Tallwood Venture Capital and Southern Cross Venture Partners.
• Advanced Technology Development — Awarded three new Defense Advanced Research Projects Agency (DARPA) Phase I contracts, which leverage Camgian’s microelectronics and power management expertise for developing next generation mixed signal systems-on-a-chip for military electronic systems.
• Key Partnerships — Continued to build relationships and technology development programs with strategic industry partners including DRS Technologies, Orbcomm and BAE North America.
• Awards — Named as a Mississippi Company to Watch by the Edwin Lowe Foundation; received the Governor’s Cup Award from Gov. Haley Barbour for Camgian’s contribution to Mississippi’s economic development; and, named as one of the top 100 private companies in Mississippi by the Mississippi Business Journal.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Source: Bryant has offered Glenn McCullough MDA job
- COMMERCIAL FINANCE 701: Loans disguised as government bonds (BOANs)
- (WITH VIDEO) Funding secured for Capitol Art Lofts in downtown Jackson
- PHIL HARDWICK: The third grade reading gate, book buddies and school principals
- Two new casinos like the odds on Mississippi Gulf Coast
- TRANSITION AT THE MDA — Is Mississippi better off than it was 3 years ago?
- WRESTLING SUCCESS — Ted DiBiase Jr. leaves ring to become entrepreneur
- College Board names Glenn Boyce as higher education chief
- Nehi Bottling Company has been a Cleveland fixture for 85 years