03/06/2014
Suprema achieves record highs in Q1 2014
Seoul, South Korea
Suprema was recognized as one of the fastest growing companies with double-digit Compound Annnual Growth Rate (CAGR) and named to the Top 10 Revenue Growth companies in global physical security markets, as evaluated by A&S International Magazine in 2013. Its revenue has increased in CAGR by more than 35% since 2007, beyond the market growth rate of around 20%.
“We consider these results as owing to our success in aligning business strategies this year, such as pioneering new markets, including Russia, Brazil and some parts of Europe, and focusing on key business opportunities around the globe" said James Lee, CEO of Suprema. “From this point of view, it is even more meaningful to report such positive results early in the year."
It is expected that the company will continue to grow as it undertakes further initiatives in the security business including access control, in addition to its ID solution business, which holds a top position in global markets.