FILED UNDER SOMETHINGISRAELI >> Business
Israeli mobile phone technology company Emlaze has more than doubled its sales according to its latest financial results.
The company, which provides mobile phone providers and networks with technology to enhance their products reported more than doubling its revenue in 2005 to $130.4m from $45.1m the year before.
The first quarter this year has also started off well with revenue just over $100m.
The company is also on track to further grow emoze, a Blackberry style service that allows instant communications to be sent from one mobile device to another. While currently working on a number of Nokia phones, Emblaze is rolling it out on other mobiles.
"As the results for 2005 demonstrate, Emblaze now moves to the black after 5 long years of fighting the telecom downturn and is on track to fast growth with a stronger and better-focused business," said Eli Reifman, chief executive of the company. "We now have the visibility for the main drivers of our growth and can better invest in our core competency and business."
For more information: www.emblaze.com