Wide Format Scanner Manufacturer Colortrac Announces Strong Financial Results and 40% Unit Sales Growth

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Colortrac, an important innovator in the field of wide format scanning technology, achieved strong growth in unit sales and revenue for their financial year ending April 30th 2013. World-wide unit sales of Colortrac large format scanners increased by 40% over the previous year, whilst Colortrac’s consolidated unaudited result shows that group revenues increased by 31% to US$ 22.5 million - a healthy 12% over plan.

Expanding on the implications of these continued extraordinary results, Colortrac Group Sales & Marketing Manager Peter Brown noted that “Clearly our long term investments, both in competitive manufacturing at our factory at Suzhou, China and in our developments in unique technology innovations such as SingleSensor (patents pending), are now providing us with greater capacity to react to our customers’ requirements in product quality, performance, functionality and value for money. These financial results and our continued rapid growth in market share are a strong validation of our strategic product and business direction. It is providing a profitable base from which to continue our market expansion.”

Furthermore, Peter added, "I am also delighted that our customers have seen the long term benefits of the quality, technical innovation and creative thinking we put into the SmartLF wide format scanners that we produce. Customers understand how these technical initiatives produce features that can increase their business productivity and performance. As a result, Colortrac has a strong order book which, combined with planned new product introductions, should provide us with continuing profitable growth in our business, even in this difficult economic climate.”

For further information contact:
Rob van Brakel,
Marketing Manager,
Colortrac Limited.
Tel: +44 (0)1480 464618
Email: press(at)colortrac(dot)com
Web: http://www.colortrac.com

About Colortrac
Founded in 1989 and based in St Ives, Cambridgeshire UK, a region of British excellence in science and technology, Colortrac Ltd is the leading innovator in professional wide format scanners and image acquisition software solutions with many new technically innovative patents created by their Research and Development departments, including the new SingleSensor scanning technology.

Colortrac was the first wide format scanner manufacturer to recognize the individual merits of both Charge Coupled Device (CCD), Contact Image Sensor (CIS) and will incorporate the newly introduced SingleSensor technology into some of their new SmartLF scanners. Coupled with a full range of supporting SmartWorks software, they are creating unique customer solutions to simplify scanning problems across the full spectrum of applications. These range from the demanding Graphics Arts market to practical, productive CAD, GIS, EDM and FM technical document scanning.

Colortrac Ltd Headquarters is located near Cambridge, UK and has offices in Beijing and Suzhou - P.R. China, Chantilly and Virginia – USA, Yokohama - Japan, Mexico City and Hong Kong.

Further information about Colortrac products can be found at: http://www.colortrac.com

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Rob van Brakel
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