TimeSys announced today that its revenues and design wins for the second quarter of 2003 increased approximately 130% over the prior quarter, expanding on the momentum the company has experienced since the middle of 2002. Additionally, comparing the first half of 2003 with the second half of 2002, design wins grew 260% and revenue nearly tripled, growing 295%.
“We've signed a record number of new customers developing exciting new applications in high-end telecommunications infrastructure, industrial automation and control applications, building and office automation products, and military and aerospace systems,” noted TimeSys CEO Larry Weidman. “We've expanded our sales and distribution channels with new VAR partners and embedded hardware vendors, including tier-1 silicon and chip vendors like IBM, which are turning to TimeSys for the real-time performance they can't get from any other embedded Linux distribution.”
According to TimeSys, market analyst firm Venture Development Corporation reports that the top two reasons cited by embedded developers who are considering the use of embedded Linux over proprietary operating systems are its royalty-free licensing and support for key microprocessors, and the number one factor delaying the adoption of Linux by these developers is a lack of real-time capabilities.
“TimeSys answers these requirements by providing the industry's only true, single-kernel Linux real-time operating system, delivered in a royalty-free 'ready to run' software development kit that is tested and validated to work with more than 65 of the industry's most popular embedded hardware platforms,” TimeSys said.
“During the second quarter TimeSys Linux RTOS was selected as the operating system and development platform for new and next generation products across all segments of the embedded systems industry by companies such as Applied Signal Technology, Boeing, Honeywell, L-3 Communications, Mitsubishi Electronics, Motorola, Northrop Grumman, Panasonic Communications, Samsung Electronics, and Siemens,” the company continued.
“These and other TimeSys customers cite the range of performance capabilities of TimeSys Linux RTOS and the ready to run delivery of TimeSys Linux software development kits (SDKs) for their target hardware as the core differentiators of TimeSys products.”
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