The Elecsys Corporation has published its financial results for its first quarter ended July 31, 2011, which indicates that that company has achieved 10 percent increase in sales which went up to $5,673,000 from $5,182,000, in the first quarter of fiscal 2011.

The newly released report also says that the company’s operating income for the quarter has been $389,000, compared to operating income of $246,000 for the same quarter in the prior year. The net income is reported as $213,000, or $0.05 per diluted share, for the quarter ended July 31, 2011. For the quarter ended July 31, 2010, net income was $107,000, or $0.03 per diluted share.

Karl B. Gemperli, Chief Executive Officer, said that they are pleased to report another solid quarter as they progress into fiscal 2012. Gemperli pointed out that the sales grew 10 percent above the first quarter of last year while increasing margins and lean operations doubled their net income and sales of their proprietary wireless remote monitoring, secure industrial communication, and other industrial M2M solutions continued their upward trend as more and more markets embraced this technology.

“In addition, the demand for custom electronic assemblies and displays from original equipment manufacturers was strong, relative to last year, Gemperl added.

With the strong fiscal report, company expects to increase the sales for its proprietary products which will be driven by wireless remote monitoring and secure industrial communication solutions through anticipated strong demand for WatchdogCP, SensorCast, Director and zONeGUARD products.

Also, the company believes that EDMS sales will grow modestly in the near term based upon the current scheduled orders in backlog, the continued transition of several projects from our design engineering group into production, and the anticipated addition of new EDMS customers.

Gemperli continued, “Our business development and sales initiatives will push to expand applications of our products into new industry segments and grow business opportunities for Elecsys in developing international markets. Although the economic environment is difficult to predict, we are steadfast in our resolve to continuously build our company and anticipate positive trends in both revenues and earnings during the coming quarters."

Elecsys Corporation has been a specialist in providing innovative data acquisition systems, machine to machine (M2M) communication technology solutions, and custom electronic equipment for critical industrial applications worldwide.

The company's primary markets include energy production and distribution, agriculture, safety and security systems, water management, aerospace, military, and transportation.

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