eLinear, Inc. announced that it and its wholly-owned subsidiary, eLinear Solutions, have been awarded $1,000,000 in new technology solutions from Houston-based Methodist Hospital.
Ramzi Nassar, Chief Strategy Officer of eLinear, stated, "The Methodist Hospital has been and continues to be a key customer for eLinear and we anticipate the relationship will only strengthen over time. In general, the healthcare sector continues to be a leader for us. We expect to see many more wins encompassing our robust solution platform, which includes information security, IP communications (including telephony), core information technology and physical security/infrastructure. Our four solutions practices will play a key role in helping us deliver more value to shareholders through improved gross margins and operational efficiency."
eLinear previously announced guidance of revenues in the $32,000,000 to $36,000,000 range for fiscal 2005 and targets reaching operating profitability during the fourth quarter of 2005. This newly announced business will be realized in the second and third quarters of 2005.