Red Embedded Financial Results for 2006 financial year
Monday 3rd December, 3pm. Main
Red Embedded Design Ltd the VideoPhone and Technical Consultancy announce their financial figures for the financial year 2006. Figures showed an impressive growth, with Turnover up 79% to just over £1million for the twelve months and profit being approximately double the figure for the previous year.
Red Embedded Design Ltd were formed in 2003, specialising in design and development of Videophone products and in addition providing engineering, consultancy and system integration services for a range of customers. The two most significant developments for the company during the year were the development of the VideoPhone1000 product for BT and the growth of our consulting business unit that has attracted significant business from key customers such as DirecTV and Irdeto access systems.
Stuart Griffin, Company Secretary at Red Embedded, commented ''We are delighted at the way in which both profit and turnover have risen during the year. The investment of time and energy of the entire staff are clearly shown in these numbers. Already we can look forward to some even better figures for the 2006/7 year with strong indications of growth in both our design and consulting forecasts.
Notes to Editors- Contact Red Embedded by e-mail on press@RedEmbedded.com and by telephone on +44 870 747 3608
- Red Embedded Design Ltd., based in Bradford UK, is a leading provider of embedded video technology for videophone, IPTV and mobile devices. There is a separate Business Unit offering a high calibre consultancy delivering hardware and software capability to their clients. Formed by the team that delivered Sky+, Docsis cable & Digital Terrestrial to the UK, Red Embedded Design are focussed on innovative new consumer products and on developing the Consultancy unit to solve customer problems.