BW Technologies Record Q4 Revenues Up 47%.Business Editors CALGARY, Alberta--(BUSINESS WIRE)--May 15, 2001 BW Technologies Ltd. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :BWT BWT Burrows Wheeler Transform (compression technology) BWT Boundary Waters Treaty (United States and Canada) BWT Basic Warrior Training BWT Bronchial Wall Thickness BWT Big White Truck .), a leading manufacturer of gas detection instruments for the protection of personnel and facilities in global industry, today announced revenues for the fourth quarter of fiscal 2001 amounted to $9.1 million. This is an increase of 47% over the $6.2 million recorded during the same period last year. Revenue for the year ended April 30, 2001 amounted to $27.8 million, a 51% increase over the $18.4 million generated in the previous year. Complete, audited results for fiscal 2001 will be announced in early July 2001. Cody Slater, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. commented that the pace of growth has continued into fiscal 2002. "This aggressive market penetration bodes well for future growth. Daily order intake for the first half of May is running at levels which are 50% above last year." BW Technologies Ltd. has been designing and manufacturing a full range of gas detection equipment since 1987. BW Technologies provides safety instrumentation to detect the presence of hazardous gas in various sectors that include: fire rescue, pulp and paper, municipalities, telecom and oil and gas. BW is a public company with offices in Canada, the United States and Europe trading on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors BWT. The Toronto Stock Exchange has neither approved nor disapproved of the information contained herein. |
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