Fuel for Thought

  • G7 Products Push Blackline Safety to $11.6M Revenue in 2017

G7 Products Push Blackline Safety to $11.6M Revenue in 2017

Feb 13 2018 Read 1505 Times

Blackline Safety Corp. a leading manufacturer of connected worker safety monitoring solutions, have announced record fourth quarter and annual results for its fiscal year ended October 31, 2017.

“Significant growth throughout the year was met with a dramatic increase in fourth-quarter revenue, driven by deployment of the G7 product to over 100 customers, including a major order from a utility customer with a five-year service commitment,” said Cody Slater, Blackline Safety CEO and Chairman. “Blackline’s fiscal 2017 was a milestone year that culminated in the release, global certification and initial customer orders of our revolutionary G7 product family.” He added, “For the first time ever, businesses can deploy a turnkey wireless safety system, delivering unparalleled features and modularity to comprehensively monitor the wellbeing of personnel, including their potential exposure to hazardous gasses.”

“With a strong cash balance, fully-commercialized G7 portfolio, targeted product development program, expanding sales force and growing distribution network, we are well positioned to leverage our lead in the connected safety market and deliver another record year in our fiscal 2018,“ said Slater.

Blackline’s 2017 revenue of $11.6M was a 45% increase on 2016, with $4.6M of the total coming from product revenue and $7.4M generated from servicing, which were increases of 96% and 26% respectively. This success had Blackline ranked on the Canadian PROFIT 500 list of fastest growing companies for the fifth year running. 2017 also saw the highly successful and customisable G7c gas detector named New Product of the Year by Occupational Health & Safety magazine in the US.

 

Reader comments

Do you like or dislike what you have read? Why not post a comment to tell others / the manufacturer and our Editor what you think. To leave comments please complete the form below. Providing the content is approved, your comment will be on screen in less than 24 hours. Leaving comments on product information and articles can assist with future editorial and article content. Post questions, thoughts or simply whether you like the content.

Post a Comment




Digital Edition

Petro Industry News November 2019

November 2019

In This Edition Fuel for Thought - Leading European sensor trade event taking place in 2020 already selling out fast - Endress+Hauser and Vector CAG secure contract at large Texas refinery...

View all digital editions

Events

SLAS 2020

Jan 25 2020 San Diego, CA, USA

European Gas Conference

Jan 28 2020 Vienna, Austria

EGYPS (Egypt Petroleum Show)

Feb 11 2020 Cairo, Egypt

Smart Factory Expo (SFE 2020)

Feb 12 2020 Tokyo, Japan

ME-TECH 2020

Feb 18 2020 Abu Dhabi, UAE

View all events