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SAN MATEO, Calif. -- Janaury 25, 2010 -- Sensing Systems, Inc. (Sensing) announces several major 2009 accomplishments:
- Increased total revenue from 2008 by over 80%.
- Increased runtime licensing revenue from 2008 by over 100%.
- Increased total product revenue from 2008 by over 80%.
- Increased services revenue from 2008 by 75%.
- Expanded customer base by 23%.
- Established a reseller agreement with MainConcept.
- Released two new versions of Tungsten, 2.5 and 2.6.
In 2010, Sensing plans to further increase revenue ambitiously in all categories and to strengthen its already robust product offering with further development of new, prominent capabilities. Sensing forecasts a total increase of revenue of 33% with a 17% increase in services revenue and a 75% increase in product revenue.
"Sensing is stronger than ever before. We are cultivating a business based on improvement - striving to always find better, more effective ways of doing things while growing productive relationships with new customers and strengthening ties to old ones," said Chad Partridge, President. "We have made aggressive projections for this year but are taking more than adequate steps to meet them. We are building up our product line and increasing services efficiency and productivity. Tungsten [Sensing's media toolkit] is already extremely competitive in the market, and we intend to stay ahead of the curve with even more innovative software development. I expect 2010 to be a very exciting year for Sensing and its customers."
Sensing is a provider of innovative media management, conversion, and exploitation software solutions.
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