Another year of record figures

Nonlinear Dynamics announces another year of record figures

(Newcastle upon Tyne, UK) Nonlinear Dynamics, a leading provider of bioinformatics solutions, today announced its year-end results for 2003/4, as audited by Deloitte and Touche. The company has achieved record turnover, record profits and record assets for the financial year.

Duncan Barrie, Finance Director of Nonlinear Dynamics, said, "We are delighted to announce record trading activity, profitability and balance sheet strength for the financial year 2003/4. Nonlinear has continued to build on its well established reputation as a profitable developer of high quality bioinformatics software. Profits in excess of $1 million mark another milestone in Nonlinear's history.

"The Life Science market continues to be volatile and, coupled with fluctuations in the value of the US dollar, the industry has proved a challenging business environment. By maintaining focus on the fundamentals of world class products and services, we have achieved yet another record year. We continue to strengthen our business and to demonstrate durability in a dynamic market place."

David Wilkinson, Partner of Deloitte and Touche Newcastle, added, "Already established as one of the UK's fastest growing technology companies, Nonlinear Dynamics is now making a real impact as a serious contender in the global Life Sciences Industry. These latest figures reveal that Nonlinear is consistently competing and succeeding against an international field from year to year. The company is demonstrating increasing levels of sustainability and profitability and Deloitte and Touche is pleased to see Nonlinear's success translated into this year's profit margins."

Over this period, Nonlinear Dynamics conducted a major expansion of its sales pipeline. Investing in its direct sales team, coupled with new and renegotiated OEM partnerships, has helped significantly to reinvigorate Nonlinear's distribution channels. New or upgraded commercial collaborations for 2003/4 included PerkinElmer Inc., Shimadzu Corporation, Genetix Ltd and Genomic Solutions Inc..

The financial year 2003/4 saw numerous new product releases, especially to Nonlinear's innovative 2D product range. Updated versions of Progenesis Workstation and Progenesis Discovery were released, along with upgrades to the well-established Phoretix 2D Evolution and the launch of 2D Expression. Nonlinear also strengthened its product portfolio in other bioinformatics markets with new releases of 1D and 1D Pro, TotalLab and ImageQuant TL.

John Spreadbury, Group Sales and Marketing Director of Nonlinear Dynamics and CEO of Nonlinear USA Inc, said, "Our new product releases were show-cased at various high profile events and have been excellently received by the global Life Science community. Building on this success, we are planning yet more product releases before the end of this year."

He added, "These profit figures form the foundation of our continuing commitment to reinvest heavily in research and development. This consolidates our position as a leading global provider of bioinformatics software solutions.".

About Nonlinear Dynamics Ltd

Nonlinear Dynamics develops proteomics analysis software that is different, ground-breaking and above all designed to help you generate reliable conclusions that are reproducible across labs. Our new way of thinking has been applied to LCMS, MALDI and 2D data analysis so you can make a real difference using a combination of the right techniques, your expertise and the Progenesis software. The TotalLab laboratory products for 1D gel analysis provide quick and simple quantitation through to in-depth lane relationship studies, as well as offering features for research that requires 21CFR part 11 compliance.

"Everything about Nonlinear Dynamics makes it a great company to work with..."
Merry L. Lindsey, Ph.D., Assistant Professor
University of Texas Health Science Center at San Antonio

Nonlinear sells and supports its products through its UK headquarters and its USA office, as well as a global network of partners and OEM resellers.

Contact: Beth Rossiter, Marketing Department
Email: beth.rossiter@nonlinear.com
Tel: +44 (0)191 230 2121

Released: 18 October 2004

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