A virtual press conference from Sound & Video Contractor

Crestron Breaks Single Month Sales Record In December

ROCKLEIGH, New Jersey — Crestron Electronics, Inc. today announced record breaking one-month sales for December 2008. Ironically, the day the U.S. government reports the worst jobless rate since 1945, and the day after President-elect Barack Obama urged Congress to take “dramatic action as soon as possible? to mitigate the length and severity of the recession, Crestron announces its best month in the company’s 40-year history.

Crestron, the global leader of advanced commercial and residential control and automation systems, has posted double-digit sales growth for 20 consecutive years. The New Jersey-based company’s fiscal year ended in June with annual revenue of more than $400 million. In December retail electronic sales suffered a double-digit decline and the U.S. manufacturing sector led job losses. At the same time, Crestron increased monthly sales by 26 percent over last December – on pace for another record breaking year.

“Our industry and our company are not recession-proof or immune to economic conditions,? explains Crestron Executive Vice President Randy Klein. “But Crestron is uniquely positioned to help our dealers and partners thrive even in these uncertain times. We have a responsibility to develop new technologies, get them to market and create more business opportunities.?

Crestron, which does all manufacturing in the U.S., introduced 70 new products in 2008 (plus 200 accessories), averaging a new product release every five days. The company has a remarkable 22 new products scheduled to launch this month alone, which is more than most manufacturers announce in an entire year. Further evidence of the positive effect Crestron has on the professional electronics industry is the 2008 Top 50 Systems Integrators listing, which was published by New Bay Media earlier this week. The report shows that the top installers did not experience a drop off in sales, and nine out of 10 were Crestron dealers.

The latest sales figures from Crestron are a testament to the four decades of innovation, vision and ingenuity of this American manufacturer.

Digg Syndication Del.icio.us Syndication Google Syndication MyYahoo Syndication Reddit Syndication

Related Topics: News

StrandVision Signage Offers Quick and Easy Way to Add “People” Pages to Electronic Signage Content Mix
Lady Gaga Launches ArtRave Tour with Clay Paky Fixtures
Digital Nirvana Introduces New Media Management Platform at IBC2014
DVEO Launches 50 Channel Transcoding Playout Server and Streaming Appliance – Ideal for Websites, Schools, Hotels, or Digital Signage
WIN FREE GEAR! Over $17,000 in total giveaways during September.
Extron Launches HDMI Wireless Product Line with eLink 100
Lyon Video Installs Calrec Apollo Audio Console in Newest Mobile Production Truck
Forbidden Integrates Timecode Buddy Into Forscene Platform Via MovieSlate iOS App
Simple. Robust. Intelligent: Kramer Launches RC-43T Control Panel
K−Touch 2.0.0 is Here!

About

Stay up to date on the latest technology news. Select press representatives post company news several times a day. Check back often to get the latest news on product releases, mergers and acquisitions, and product applications. To be included in this virtual press conference, please contact The Wire.

Calendar

January 2009
M T W T F S S
« Dec   Feb »
 1234
567891011
12131415161718
19202122232425
262728293031  

Your Account

Subscribe

Subscribe to RSS Feed

Subscribe to MyYahoo News Feed

Subscribe to Bloglines

Google Syndication