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

Established in 1989, Nonlinear Dynamics is a leading worldwide provider of bioinformatics solutions to the life science industry. The Company's innovative product portfolio comprises high-quality analysis and data mining tools for 1D and 2D electrophoresis gels and microarrays, the core technologies of genomics and proteomics. Nonlinear sells and supports its products through its UK headquarters, its USA office, and its global network of partners and OEMs.

Contact us for more information, or contact our Marketing Department directly.
Released: 18 October 2004

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