Inova Technology, an enterprise level information technology solutions provider specializing in RFID solutions, similar to companies like I.D. Systems Inc. and Intermec Inc., recently announced that it completed $1.4 million projects during the first quarter.
Inova Technology, through its wholly owned subsidiary, Desert Communications, has completed more than $1.4 million worth of network solutions projects between January and March 2011. The projects were completed for Lamesa ISD, San Eli ISD, Seagraves ISD, Sundown ISD, Denver City ISD, Ft. Hancock ISD, Irving ISD, Fort Worth ISD, Abilene ISD and Ysleta ISD.
"Considering this includes the traditionally slow months of January and February in our sales cycle, this is an excellent result," said CEO, Mr. Adam Radly. "The company has also bid on numerous additional projects and we are expecting to be informed of the results of those bids during April 2011."
The company receives projects in two stages: The first stage involves being awarded the project and the second stage involves getting approved funding for the project. Projects that form part of the company's backlog are projects that are both awarded and funded. The Company will provide periodic updates regarding it's backlog of contracts.
The Company previously announced that its revenue for the nine months ended January 2011 was up by 32%, compared to the same period a year ago. Inova also previously announced that it paid down $600,000 of debt in February 2011.
About Inova Technology
Inova Technology, Inc. is an enterprise level Information Technology solutions provider specializing in providing proprietary RFID solutions, wireless networking, storage and security technology solutions and IT professional services. Our objective is to implement and optimize solutions for our clients with best of breed technology and the best possible service.
For more information please visit the company website at: http://www.inovatechnology.com