Fidus reports record revenues, strong growth



    OTTAWA, April 30 /CNW Telbec/ - Electronics designer Fidus Systems has
posted revenues of $5.86 million dollars for the year, a five-year high for
the company. Revenues rose 29 percent over the previous year, and 89 percent
over three years.
    "We've undergone rapid expansion at multiple sites," says President
Michael Wakim. "In the past year, we've opened a design centre in Toronto,
added designers in Lebanon and Ottawa, and nearly doubled the size of our
Ottawa hardware laboratory."
    For the second consecutive year, Fidus ranks as one of Ottawa's Fastest
Growing Companies, according to a survey by independent business analysts with
the Ottawa Business Journal.
    U.S.-based customers represented 30 percent of Fidus' new contract
bookings in 2006, up significantly from the previous year. In 2006 the company
designed circuit boards and related electronics for 63 customers from Ottawa,
Southern Ontario, New York, Boston, San Jose and Europe.

    Fidus backgrounder:

    Fidus supplies expert-level electronic designs for a wide range of
products including: industrial control systems, transportation, consumer
products, telecommunications equipment, aerospace, defence, biomedical
instrumentation and more. Fidus provides complete, turn-key product
development, or targeted design of architecture, hardware, FPGA, RF,
software / firmware, printed circuit board layout and high-speed signal
integrity analysis. www.fidus.com




For further information:

For further information: Michael Wakim, President, (613) 828-0063 x 369,
Michael.Wakim@fidus.com; Don Moncion, VP Business Management, (613) 828-0063 x
336, Don.Moncion@fidus.com; Denise Allen, Director of Communications, (613)
828-0063 x 312, Cell: (613) 355-7035, Denise.Allen@fidus.com

Organization Profile

Fidus Systems Inc.

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