Extech Reports Record Growth: Tough Budgets Fuel Demand for Affordable Test & Measurement Tools
Waltham, MA (March 24, 2009) -- Extech Instruments, (www.extech.com),
a subsidiary of FLIR Systems, Inc., (NASDAQ: FLIR) announced another year of
sustained growth with record sales in 2008. As a reflection of the economic
downturn, Extech has witnessed a continued surge in demand for their wide range
of handheld test and measurement equipment that offers quality and innovation
at an affordable price.
Jerry Blakeley, general manager at Extech spoke about the success, "These
are difficult times for many of our customers. Even with restricted budgets,
many electrical and HVAC professionals still need to replace or upgrade tools.
Many are taking a closer look at Extech's product line when considering a multimeter,
infrared camera, or other test equipment. Extech offers the ideal combination
of ruggedness and exclusive, class-leading capabilities at affordable prices."
adds, "Professionals are voting with their wallets, so to speak. Prominent
meter manufacturers are reporting softening demand because of high prices, but
low-quality, discount-brand meters are not the answer pros are looking for either.
More and more customers are scrutinizing specs and reading online reviews to
level the playing field with apples-to-apples comparisons. That's where Extech
shines. With a diverse selection of test equipment, we offer a range of capabilities
and a best-in-class website so that smart buyers find what they want and need-at
a value that cannot be beat."
Extech continued to gain market share in handheld test and measurement and
entry-level infrared cameras in 2008 with total sales and product shipments
reaching all-time highs.
Extech Multifunction Meters add Value for Customers
Not only does Extech offer an unrivaled combination of value and rugged quality
but Extech also combines multiple relevant functions in one tool so technicians
get more while spending less. For example, an HVAC professional can opt for
an Extech EX623 patented 5-in-1 clamp meter instead of buying a clamp meter
plus numerous other test tools. Market research firm, Frost & Sullivan recently
reported the rise of combinational testers as one major price-driven trend in
test and measurement. Extech has been on the leading edge of this trend for
several years, adding exclusive, patented infrared thermometer capabilities
into a broad range of testers and meters.
With back-to-back years of record growth in the handheld test and measurement
market coupled with numerous industry awards for innovative new products, Extech
has become the powerhouse source for customers looking for affordable, high-value,
high-quality test equipment for the following trades: electrical, HVAC, mold/moisture
remediation, plant maintenance, utilities, air/water-quality, sound/lighting
compliance, home improvement/remodelers, municipal/state agency property maintenance,
lighting installers, handymen, and more. Spec by spec, no other brand compares
with accurate, durable, and affordable testers and meters like Extech.
About Extech Instruments, a FLIR Company
Headquartered in Waltham, Massachusetts, USA, Extech Instruments is one of the
largest suppliers of test and measurement equipment worldwide. Founded in 1971,
Extech is known for its depth and breadth of products and its innovation in
providing instruments with unique combinations of features that make them highly
useful and very convenient. All Extech meters are distributed worldwide through
leading representatives, distributors and OEMs. The company is ISO 9001 2000
certified and is a wholly owned subsidiary of FLIR Systems, Inc.
Global PR Manager
Extech Instruments, a FLIR Company