Research Electro Optics (REO), a US-based manufacturer of high volume precision optical solutions, has reported sales of more than $30m in 2009, making it their best year for the company since its incorporation in 1993. Furthermore, the 2009 sales figures represented a 28 per cent increase over the previous year's, giving the company a compounded annual growth rate (CAGR) of more than 16 per cent over the past six years. REO has entered 2010 with the largest backlog in the company’s history.
'There are three key elements that have enabled us to prosper despite the overall downturn in the economy,' notes Terry L Moshier, CEO of REO. 'First, we added substantial manufacturing capabilities, especially in the infrared, giving us access to a larger market. Second, we’ve developed new technologies in coating, fabrication and assembly, which enable us to cost effectively manufacture high precision products in high volume. And, perhaps most important, we’ve focused on providing value added engineering which helps us win more orders, and also allows us to avoid competing on price alone.'
REO produces high precision thin film coatings, optics and opto-mechanical assemblies for the ultraviolet, visible and infrared. Located in Boulder, CO, the company primarily services medium to high volume OEMs including manufacturers of defence and aerospace systems, laser systems, semiconductor tools, medical systems, life sciences instrumentation and telecommunications equipment.