TTTech Continues Strong Growth Strategy

July 16, 2008

TTTech, the leading supplier of solutions in the field of time-triggered computer systems, is proud to announce the 10-year anniversary of its founding. The company’s solutions considerably improve the safety and dependability of networked computer systems in the transportation industries. TTTech Group currently has more than 200 employees and will hire new personnel in the next months. With at least 30 positions to be filled, the company will continue to pursue its growth strategy in the future.

TTTech originally emerged as a spin-off from the Vienna University of Technology in 1998. Headquartered in Vienna, TTTech now maintains business locations in Germany, Italy, Romania, the United States, Japan, and Korea and has successfully sustained its performance over the last years.

“We are proud of what we have achieved so far and we definitely see a high potential for our solutions in the market. We will further strive to extend the use of our products substantially and establish long-term customer relationships”, states Stefan Poledna, founding member and CEO of TTTech. “As the company keeps growing, we will expand our team and look for new employees in the fields of technology, sales & marketing and company services.”

In order to drive the continuous expansion strategy, TTTech will strengthen its workforce. In 2007 TTTech Group hired 54 new employees and will further increase its staff this year. Investing in personnel development will ensure a permanent flow of innovation.

“With regard to our first 10 years in business, we are grateful to our customers, investors and employees for their support and contribution over the last years,” states Georg Kopetz, founding member and managing director of TTTech. “TTTech products have won a considerable share of the international market and we will continue to pursue our market-oriented expansion and growth policy in the transportation and automation industries.”

Worldwide market leaders are using the company’s time-triggered products in commercial production programs for the automotive, aerospace and off-highway industries. Amongst others, TTTech solutions are deployed in applications in the Airbus A380, the Boeing 787 Dreamliner and the next generation of the Audi A8.

In the recent past, TTTech’s minority shareholders Aeris Capital AG, AUDI AG, and ATHENA Wien Beteiligungen AG (“Wiener Wachstumsfonds”) strengthened TTTech’s position for further international expansion. The company will continue its investments in research and development programs and establish go-to-market alliances. The product offering in all business segments should be extended, including product development for industrial automation and medical engineering.