As Bar Code Scanner Demand Continues Rise, Hand Held Products Touts '05 Results

Solution provider says 14 percent growth driven by sales of data collection systems, mobile computers

Solution provider says 14 percent growth driven by sales of data collection systems, mobile computers

Skaneateles Falls, NY  August 11, 2005  Spurred by demand for data collection systems and mobile computers, solution provider Hand Held Products saw 14 percent growth in the first half of 2005 versus the same period last year, the company is reporting.

Hand Held offers image-based data collection systems for mobile, in-premise and transaction processing applications. The company attributed its 2005 growth to "significant demand" for its 2D imaging-based data collection systems and the continued demand for its Dolphin Series of mobile computers.

The global market for handheld bar code scanners is projected to reach almost $974 million by the end of 2008, according to "The 2004 Global AIDC Industry Business Planning Service" published by Venture Development Corporation (VDC). The research also indicates that while shipments of traditional laser-based bar code technology is expected to increase just 6.5 percent, demand for linear and 2D imaging solutions are expected to grow at rates of 11 and 20.8 percent respectively.

"The first half of 2005 has delivered very positive results for the company, building upon the 40 percent growth we achieved in 2004," said Kevin Jost, CEO of Hand Held. "Our goals and expectations are even greater for the second half of the year," he continued.

To date this year, key product rollouts for Hand Held in 2005 include the IT5000 Series miniature image engine for OEM's, TT8500 interactive POS/signature capture transaction terminal and IT5620/4620 cordless linear and 2D imagers.

"The most recent IT5000 engine launch further solidifies our commitment to imaging innovation," said Mike Ehrhart, chief technology officer for Hand Held. "To meet the increasing demands for 2D imaging, we will continue our technical innovation with the rollout of the IT5000 MegaPixel engine in the fourth quarter of 2005."

In addition to product rollouts, Hand Held has expanded its European offices to support sales and employment growth. The company also extended its geographic footprint with the opening of its second Greater China office in Shanghai and marked its entrance into Latin America with the opening of an office in Brazil. Worldwide employment at Hand Held now stands at 850 associates, a 60 percent increase since 2002, according to the company.

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