The record growth was due to two new products. While expected to take time they continue to talk with some airlines and OEMs. Imagine when the airlines start installing!
The Company’s sales growth in fiscal 2012 was the largest in its history, rising 36% over fiscal
2011. This performance was due principally to the introduction of two new products to existing
and new customers and was the result of several year’s efforts in pursuing new aircraft projects,
new customers and new products – the mainstay of the Company’s strategic plan.
Markets for the Company’s products are with both business aircraft original equipment
manufacturers (OEMs) and business aircraft completion centres worldwide. While an entry into
the commercial aircraft market is expected to take some time, the Company continues to discuss
application of its products with some airlines and OEMs.
With its base in the aviation industry firmly established, a solid infrastructure in place and a robust
balance sheet, IWGT’s objective is to significantly grow its business both within current markets,
the addition of new products for new and existing markets and through exploration of new
opportunities that will lever off its industry expertise, corporate structure and financial strength.