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Cypress Industries Posts Record Growth in 2004 and Q1, 2005
Cypress Industries Quadruples Revenue While Demand for Electronics, Plastics and Metal Manufacturing Soars
Austin, TX, May 31, 2005
Cypress Industries, an Austin-based electronics, plastics and metal products manufacturer, today announced record revenue growth in 2004 and Q1, 2005, driven largely by growth in its electronics business, the launch of its Industrial Division and new plastics and tooling manufacturing capabilities. Additionally, the acquisition of hundreds of new customers, combined with substantial follow-on business from existing customers, contributed to a 400 percent increase in revenue over 2003 and additional significant increases in Q1, 2005. During the period of January – May 2005, Cypress Industries experienced nearly 50 percent growth over the same period last year.
“Quadrupling our revenue in 2004 illustrates that customers realize the value of our unique combination of technical prowess and problem solving skills,” said Cypress Industries CEO, Tom Lonsdale. “We've broadened our customer base, introduced the Industrial Division and added advanced design, engineering and manufacturing expertise to support the growing demand from our customers. With a recent space expansion and added capabilities, we’re continuing on that same growth trajectory in 2005.”
Fueled by the revenue growth, Cypress Industries recently acquired additional space adjacent to its original Pond Springs Road headquarters. The company currently occupies 14,500 square feet of office and manufacturing space which it uses to perform low- to moderate-volume prototype and production runs before transitioning products to its higher-volume facilities in China. Cypress Industries currently employs 18 full-time people in its Austin facility and has plans to hire an additional ten people - five in Austin, and five in its China sales office.
The introduction of its Industrial Division in 2004 magnifies Cypress Industries’ vision of delivering unique solutions to customers’ most challenging design, manufacturing, fulfillment and logistics problems while allowing them to focus on their core businesses. The Industrial Division provides unique and cost-effective plastics and metals manufacturing solutions leveraging a combination of domestic and offshore manufacturing capabilities and facilities.
Additionally, Cypress Industries introduced new proprietary products, including its SC to LC fiber optic adapter, adding to an array of proprietary test fixtures and unique networking products.
About Cypress Industries
Cypress Industries is a manufacturing and services company that accelerates time to profit for electronics, plastics and metals components and products. Since 2001, Cypress Industries has delivered unique solutions to our customers’ most challenging design, manufacturing, fulfillment and logistics problems while allowing them to focus on their core businesses. Atypical of most manufacturers, Cypress Industries applies creativity, extensive industry knowledge and a relentless pursuit of customer satisfaction to solving manufacturing problems without regard to size or complexity. Our ISO 9001-certified offshore and domestic facilities ensures manufacturing consistency and high-quality finished products. By offering lower tooling costs and shorter lead-times, Cypress Industries designs, engineers and manufactures high-quality electronics components, metals, plastics and finished products quicker and more cost-effectively than many other manufacturing companies. Cypress Industries’ headquarters is in Austin, Texas. More information about Cypress Industries can be found at www.cypressindustries.com.
In response to industry growth, Cypress Industries also provides metal castings and plastic injection molding through its newly introduced Industrial Division. Locate more information about Cypress Industries Industrial Division at .
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