Darmstadt, March 18, 2005 – CST today announces continued success of software products with a worldwide revenue increase of 39% in 2004 compared to calendar year 2003. The average annual growth rate has been 37,8% since 1997 and has established CST as the dominant market leader in 3D EM Time Domain simulation. At the same time the company has consistently grown, increasing from a 12 to a 80 person company. CST’s top product of 2004 was again CST MICROWAVE STUDIO® which was introduced in 1998 as the first member of the CST STUDIO SUITE™.
"We are pleased with the 2004 result as we are growing considerably faster than the overall 3D EM simulation market. This means we are not only benefiting from a strong demand for 3D EM software but also quickly gaining market share every year" said Bernhard Wagner, Managing Director, Sales and Marketing. "We were the first and are still the only vendor to offer time and frequency domain, hexahedral and tetrahedral meshing in one interface and this will guarantee our further expansion over the following years."