Wireless Solution Sweden AB has reported its achievements during 2012 and is preparing for "an even stronger future". The company broke its own record with a 50% increase of turnover between 2010 and 2011, and an additional increase between 2011 and 2012, even during a slower economy.
Wireless Solution was nominated the highest ranking of financial strength in 2012 from International Dun & Bradstreet with AAA.
Wireless Solution has invested heavily in a new approval for Russia, being the first company outside Russia that has import approval to Russia as well as an import license, with Russia promising to be a significant market in the future. Wireless Solution is also the first European wireless DMX company that has completed both ETL and C/ETL (similar to UL and C/UL). In addition, the company has been awarded a new patent in USA for Wireless Lighting Control as well as in China and Germany.
New additions to the company's team include Isac Alkstrand as operations manager and R&D engineer Anders Zellén as chief technical officer. In 2013, Wireless Solution is planning to invest in additional R&D staff in preparation for the future.
"We have always been dedicated to the success of this company and our products," says Niclas Arvidsson, CEO of Wireless Solution. "We have been very strategic with our cash flow over the last 4 years, now having zero debt and being in a position to use our funds for investments in an even stronger staff and new products. Once the economy picks up, the company will be in a very solid position. Basically, we don't need any external capital. Not all companies can say this."
