New products help Lumisys results

February 19, 1997

A series of new products launched in 1996 helped film digitizermanufacturer Lumisys post record sales for the year (end-December).For the year, the Sunnyvale, CA, company reported sales of $23million, up 30% compared with $17.7 million the year before.

A series of new products launched in 1996 helped film digitizermanufacturer Lumisys post record sales for the year (end-December).For the year, the Sunnyvale, CA, company reported sales of $23million, up 30% compared with $17.7 million the year before. Netincome for 1996 stood at $3.4 million, compared with $2.6 millionin 1995.

Among the highlights for Lumisys in 1996 were the launches ofseveral new film digitizers, as well as the acquisition of QuickSilverSystems and its Quick Read 2000 ultrasound workstation, whichis expected to launch in the first half of this year. Lumisysalso reported that it completed a management restructuring atits Imagraph subsidiary.

In another personnel move, Lumisys hired former Toshiba and GEexecutive Kuldip Ahluwalia as vice president of marketing andnew business development.