ULIS, manufacturer of thermal sensors, announces the company will again increase its R&D spending for 2017 to reach €15M ($16.8M). ULIS generated €61.5M ($69.3M) in sales in 2016, a rise of nearly 30% compared to 2015.
Buoyed by the spurt in additional growth and market changes, ULIS’ new level of R&D investment will represent 20% of its annual sales. Previously, the company pledged 10% of its annual revenue to R&D. It aims to further simplify access to thermal imaging within growing smart building, automotive and consumer electronics markets by making the key component – the thermal sensor – more compact, more affordable, easier to integrate and available in mass volumes.
As applications of thermal imaging become increasingly diversified, attracting new players worldwide, ULIS deems this investment necessary to sustain the pace of market developments and further advance its market lead. ULIS exports 97% of its products.
ULIS will accelerate the design of models and features better adapted to system maker and end-user needs in new markets (leisure equipment, smart buildings, driving assistance for cars with or without drivers, etc.). It will pursue development of disruptive technologies that reach new heights in performance of thermal image sensors for clients in traditional markets, for example defense and security. The company will also commence 24/7 non-stop production to meet new demands for mass volume. More info is available at http://www.ulis-ir.com