Streaking sales push company to expand.Byline: Ilene Aleshire The Register-Guard A small Eugene company that specializes in brain-wave technology is doubling its space as demand for its products grows. "Last year was a tremendous year for us," said Ann Bunnenberg, president of Electrical Geodesics Inc. A private company, EGI EGI Effective Gross Income EGI Ethical Globalization Initiative EGI Electrical Geodesics Inc. EGI European Grid Initiative EGI Energy and Geoscience Institute (University of Utah, Salt Lake City, UT) does not disclose profit figures. But Bunnenberg said sales rose 63 percent in 2005. Revenue from all sources, including sales, totalled $7 million. Demand for the company's products is growing so rapidly that EGI has leased 8,000 square feet of space at the Chad Drive headquarters of media company Chambers Communications Corp. EGI will move its production facilities there, while expanding its research and development operations at its headquarters in Riverfront riv·er·front n. The land or property along a river. Research Park. The company was founded in Eugene in 1992, using technology developed at the University of Oregon The University of Oregon is a public university located in Eugene, Oregon. The university was founded in 1876, graduating its first class two years later. The University of Oregon is one of 60 members of the Association of American Universities. . The company has been growing at a cumulative rate of about 30 to 35 percent over the last couple of years, she said. The staff has gone from about 30 in 2002 to about 45 currently. Bunnenberg said the company likely will increase the staff by 10 to 20 percent with the latest expansion. Bunnenberg describes the company's core technology as "a very sophisticated version" of the type of machine that a hospital uses to measure brain waves brain waves Neurology Oscillations/sec that correspond to various types of cerebral activity, as measured on an EEG. See Electroencephalogram. after someone has a stroke, for example. "It's like cars - a VW and a Ferrari are both cars, but they're remarkably different in performance. We're definitely in the Ferrari class." "Our core market has historically been (researchers looking at) the functioning of the brain, how premature infants premature infant Prematurity, premie; preterm infant Obstetrics An infant born before the 37th wk of gestation and after the 20th wk, who weighs 500–2500 g. See Very-low birth weight. sleep, to the demented demented - Yet another term of disgust used to describe a program. The connotation in this case is that the program works as designed, but the design is bad. Said, for example, of a program that generates large numbers of meaningless error messages, implying that it is on the brink elderly, and everything in between," she said. This has continued to be a strong and growing market for EDI (Electronic Data Interchange) The electronic communication of business transactions, such as orders, confirmations and invoices, between organizations. Third parties provide EDI services that enable organizations with different equipment to connect. , which ships to researchers around the world, she said. But the company also is getting increasingly strong interest from doctors who use its products to help treat individuals. "Physicians are really just starting to see how this technology can be useful," she said, for example in dealing with strokes or epilepsy. "You can get much more information about how seizures are occurring." |
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