Optelecom-NKF Inc. / OPTC

About Optelecom-NKF Inc.

12920 Cloverleaf Center Dr., Germantown, Md. 20874
www.optelecom-nkf.com | 301-444-2200 | Founded: 1972

Industry: Telecommunications | Category: Public Companies

This 34-year-old manufacturer hit its stride last year after merging with Netherlands-based NKF Electronics. The two small firms were of similar size but had focused in different regions of the world. After the merger, Optelecom added NKF to its corporate name, nearly doubled its head count and sharply expanded revenue as the market for advance video surveillance tools continued to grow. Revenue for 2005 totaled $33.87 million, up 74 percent over the previous year, the company reported.
In November, Optelecom-RKF named Chief Financial Officer James Armstrong as its executive vice president for North American operations. It named Tom Overwijn executive vice president for Europe. Overwijn had been general manager of NKF Electronics. Among the contracts the firm announced was one in December to provide a fiber-optic video network for the U.S. military to use in urban warfare training. Though small — $800,000 — it was the latest in a series of Defense Department contracts Optelecom-NKF has won. The firm also is developing fiber-optic ground control links for unmanned military aircraft and terrestrial vehicles.

CFO: Steven Tamburo

2005 Financial Data

Revenues: $33,865,000 | Net Income: $2,682,000
Asssets: $38,868,000 | Earnings Per Share: $0.80
Total employees: 156 | Local employees: 71