Tuesday, April 24, 2007

SkyeTek Announces Record-Tying Q1 2007

RFID chip manufacturer SkyeTek Inc. revealed Monday that its Q1 2007 sales have far exceeded its operating plan expectations, tying a record in the process. SkyeTek said its Q1 2007 revenues were some 155 percent greater than those witnessed during the same span the previous year. In fact, SkyeTek said its Q1 2007 totals equaled its record-setting Q4 2006 numbers. SkyeTek credited the growth to the addition of six production customers and to repeat business from existing clients. Headquartered in Westminster, Colo., SkyeTek designs and manufactures radio frequency identification chips that are embedded into electronic devices and function as information scanners or readers.