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Press Release Source: Xenonics Holdings, Inc.
Xenonics On Track to More Than Double Revenue in Fiscal 2008 Versus Fiscal 2007 Expects to Double Revenue Again in Fiscal 2009 Versus Fiscal 2008
Monday November 3, 7:30 am ET
SuperVision Now In Use By More Than 100 Police and Government Agencies
CARLSBAD, Calif.--(BUSINESS WIRE)--XENONICS HOLDINGS, INC. (NYSE Alternext US:XNN), a leader in high-intensity illumination and high-definition night vision technologies, announced today that the Company expects to report that revenue more than doubled for the fiscal year ended September 30, 2008 compared to revenue of $5.0 million reported for fiscal 2007. "With NightHunter 3, our newest, most advanced illumination device, now shipping, and our patented SuperVision high-definition night vision system now in use by more than 100 police and government agencies, we are on track to double our sales again in fiscal 2009 versus fiscal 2008," said Chief Executive Officer Chuck Hunter. The Company plans to report its audited financial results for fiscal 2008 in December.
"A key element of our marketing strategy for our NightHunter and SuperVision products is an aggressive schedule of participation in police, fire, defense and homeland security conferences around the world. This coming week Xenonics will have a major presence at the International Association of Chiefs of Police (IACP) conference in San Diego. In just the past few weeks, our products have been featured at the prestigious international Shepard Night Vision Conference in London, the year's most important U.S. Army show in D.C., the largest U.S. Marine show in Quantico, the U.S. Army Infantry conference, the annual National Guard conference, the National Tactical Officers Association (NTOA) conference, and the American Society for Industrial Security (ASIS) conference. As we anticipated, these efforts are paying off in the steady expansion of our customer base that should support our growth in the years to come," Hunter said.
