SELEE Corporation reports record sales and a dynamic new product pipeline
Submitted by: Watt Jackson on Feb 04, 2008 at 2:45 pm
Tagged with: Advanced Materials, Ceramics, filtration, Metal Handling
Source: SELEE Corporation
SELEE Corporation reports record sales and a dynamic new product pipeline
Hendersonville, NC USA (January 30, 2008) - SELEE Corporation, the metals filtration specialist, reports strong results for the fiscal year ending November 30, 2007.
Sales revenues ended the year at record levels following 8% growth over 2006. All areas of the business performed well. Foundry filter sales volume was the highest in the company’s history and the primary aluminum filtration sector, in which SELEE is the global market leader, exhibited strong international growth. Engineered Ceramics (www.engineeredceramics.com), SELEE’s subsidiary producing specialty metals handling products, had its fourth consecutive year of record sales.
It was an exciting year for special projects, as well.
· Customer deliveries of new specialist metal alloy filter began in April. This new development is based on a novel, patented technology. A multi-year supply contract has been signed with one of SELEE’s core customers and production capacity was commissioned through the year. Sales are expected to ramp-up during 2008.
· Another new product was revealed to selected customers in the aluminum cast shop market. SELEE believes this is the first new cast shop filter in 25 years. Using proprietary technology it will offer superior performance at a premium price. It will also better conform to evolving materials handling requirements. Select customer trials and qualifications are underway and will continue throughout the year.
Mark Morse, president of SELEE Corporation said: “ It has been a good year for our company. We are breaking sales records and generating solid earnings and cash flow. We are particularly excited about our new product pipeline. The first new cast shop filter in a generation will be formally introduced later this year. It is a superior product than the current industry standard and we are excited to introduce it to our customers.”
SELEE Corporation (www.selee.com), a member of Porvair plc (PRV.L), is the pioneer and world leader in molten metal filtration technology.
Contact:
Watt Jackson
Vice President, Sales & Marketing
+1 (828) 697-2411
Hendersonville, NC USA
wjackson@selee.com
| Organizations | SELEE Corporation , Porvair plc , Engineered Ceramics |
|---|---|
| Source | SELEE Corporation |
| Submitter | Watt Jackson |
| Tags | Advanced Materials, Ceramics, filtration, Metal Handling |