Press Releases

Hyperwave surpasses targeted goals for the 4th quarter

February 13, 2001

Hyperwave AG of Munich has once again surpassed its quarterly targets, achieving growth of 149% compared with the same quarter last year.

In the fourth quarter from October 1 through December 31, 2000, Hyperwave again exceeded its turnover target, with a turnover of 4.6 million euro. This equates to a total turnover of 12.6 million euro for the fiscal year 2000, an improvement of 124% compared to 1999.

The result exceeds the targeted goal for the entire year by 32% (after adjustment for extraordinary expenses). Sales anticipated by analysts Robertson Stephens were surpassed by 18%. The company counts 168 employees worldwide at the end of the quarter, an increase by 113% compared to 1999.

Investment in Technological Leadership

Despite the difficult market situation, Hyperwave AG was able to acquire well-known investors (HITECH Selection S.A., Equity Bridge Finance GmbH) during the fourth quarter with a financing volume of a total of 25 million euro. These businesses support the company's continued expansion strategy as well as the imminent listing on the stock market. This has secured Hyperwave's finances until the break even point is reached.

Expansion on Partnerships

The expansion of the business with integration, consulting and sales partners, which began in the previous quarters will continue to constitute a major portion of the corporate strategy. Partners like IDS Scheer, debis Systemhaus, CSC Ploenzke, and Pixelpark already conduct profitable cooperations with the technology company.

Competitive Advantage through New Product

The launch of Hyperwave's eLearning Suite during the third quarter has provided an additional competitive advantage. The eLearning Suite enables customers to use their corporate knowledge base to facilitate targeted communication of learning content and corporate information. It constitutes an integral part of Hyperwave's total knowledge infrastructure. "Within our policy of expansion we will continue to push the marketing of the eLearning Suite", explains CFO Gerhard Pail.

New customers for this product - Fujitsu Siemens Business (Malaysia), Management Circle, Origin Smart Solutions, Telekom Austria - clearly substantiate the market potential of the products in international competition.

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