RAE Systems Inc. (AMEX: RAE) today announced it will exhibit its leading gas detection and industrial hygiene monitoring solutions at the American Industrial Hygienists Conference and Exposition (AIHce) Monday. In addition, RAE will introduce two next-generation, photoionization (PID) based instruments to attendees.Founded in 1991, RAE focuses on global expansion through multiple markets, increasing infrastructure in China and pursuing acquisitions and strategic relationships.
RAE is a global provider of sensor networks that can be quickly deployed for homeland security and industrial use. The sensors alert customers to safety and security threats in real time. RAE products are used in over 65 countries by U.S. government agencies and corporations.
The company is seeing demand in China’s sector as it looks to keep its refinery workers safe.
“We’re doing a good job of riding the industrialization wave in China,” Bob Durstenfeld, director of investor relations for RAE, told Market News First, adding that the company expects 40 percent of its revenue to come out of China’s industrialization sector.
In a recent press release, Thomas Negre, director of instrumentation products for RAE said, “One of the biggest challenges in the field is the effective, accurate sensing of unseen threats in real-time. Our next-generation products for the measurement of toxic and flammable volatile organic compounds (VOCs) put a new level of information in the hand of industrial safety officers.
“Industrial hygienists strive to keep workers, their families, and their communities healthy and safe. They have a critical role in making sure that federal, state, and local laws and regulations are followed in the work environment.”
The company supplies those hygienists with the ability to do so through its marketing and distribution plans, utilizing 130 people in industrial sector about 60 in coal mine safety in China through direct selling methods, and supplying the rest of the world through retailers and distribution centers.
Durstenfeld gave guidance for fiscal 2007, expecting between $90 million and $95 million in 2007 revenue, up roughly 40 percent from $68 million reported in 2006.
Revenue for the first quarter of 2007 was up 45 percent to $18 million from $12.4 million in the same period last year.
“We’re a global company with a strong presence in China with high growth and profits for 2007,” concluded Durstenfeld.
