Pathtrace reports record end to the Financial Year
Southfield, MICHIGAN, July 2005 – Pathtrace, developer of the EdgeCAM range of software for manufacturing applications, has announced that the company achieved record sales and profits for its financial year ending in June 2005, establishing a new monthly sales record for June.
The increased revenue was driven by expansion in the company’s worldwide reseller network as well as improved revenue from the established markets in Western Europe, the Americas and Japan.
Overall, the American market showed growth of 21% with excellent growth in both the continental US and Latin-America. The European market delivered growth of 19% contributed to by outstanding performances from Scandinavia.
During the financial year Pathtrace continued to grow its reseller network around the world with new resellers established in Korea, Japan, India, China and the United States. The coming months will see the opening of a new expanded office in China to service the needs of an expanding Chinese reseller network and user base.
Pathtrace has continued to invest heavily in new product development and new additions to the product range will be unveiled in the coming months. EdgeCAM Version 10 will ship in September and will include new machine simulation capability for Mills, Lathes and Mill/Turn machines leading to dramatic improvements in visualization of the machining process. A new range of products for multi-axis milling will follow providing a comprehensive range of simultaneous 4 and 5 axis milling strategies to tackle the production machining requirements of industries such as Aerospace and Automotive.
Commenting on the results, Pathtrace Chairman Brian Steatham said, “The results for this financial year show the benefits of our continued investment in new product development and expanding our worldwide reseller network. The record level of sales is a reflection of the confidence our customers place in our ability to provide them with solutions for their production machining requirements, however complex the component.”
Pathtrace Engineering Systems is a division of Pathtrace plc. Pathtrace has offices in the UK, USA, China and Japan, complementing a worldwide network of resellers.
Pathtrace Engineering Systems is the developer of EdgeCAM an extremely powerful, but easy to use software solution devoted to automating the process of NC programming for metal cutting machine tools. For information about Pathtrace and EdgeCAM visit our website
www.edgecam.com. EdgeCAM is Windows 2000 Professional and XP compliant and has over 32,000 users worldwide.