Fibre Technologies unveils plans to achieve aggressive growth targets

14 December 2005: Fibre Technologies sales director Ian Hunt, has acquired 24.9 per cent of Fibre Technologies Ltd, the fibre optics communications specialist, via an MBO, to grow the business significantly over the next four years. Hunt will be tasked with achieving aggressive growth targets including a growth in turnover from £3million to £6million over the next three years.

Hunt has worked at Fibre Technologies for over five years, starting as a sales executive and working his way up to his current position of sales director. He is responsible for a team of six sales executives and plans to grow the team with the appointment of a further three executives over the next year.

Before working at Fibre Technologies, Hunt held engineering positions at Westell, Telspec and GEC Avionics, before moving into the field of sales. During his time with Fibre Technologies, Hunt has been responsible for founding partner relationships and bringing new product lines into the business, which included achieving a primary dealership contract with network technology provider Pandatel.

In order to achieve the ambitious growth plans at Fibre Technologies, Hunt will be putting measures in place to grow the new business pipeline and increase the run rate business by building orders month on month to level out the intake, making targets manageable and achievable.

On his new role Hunt comments: "Fibre Technologies is a very stable and secure company, which is why I had no hesitation in buying into the business. I am looking forward to taking the business to the next level and achieving our turnover target of £6million over the next three years. With the help of my team we will continue to provide our customers with new and innovative products and a first class service."

Notes to editors

About Fibre Technologies
Founded in 1990, Fibre Technologies Ltd (FTL) is a specialist supplier of fibre optic communication products and services including: copper to copper, copper to fibre, fibre to fibre, optical multiplexers, test and measurement solutions, access multiplexers, networking IP, and additional component products. Through this broad product range and extensive market knowledge, FTL helps companies make the most out of their existing communications infrastructure by providing innovative solutions to overcome capacity limitations.

FTL operates a 'partnership' approach with customers and has a good understanding of their needs, responding quickly to requirements and changing market trends. FTL's technical expertise and market understanding coupled with good customer service has resulted in a strong customer base which includes BT, Telewest Broadband, StorageTek, Subsea 7, IPC Media, Sun Microsystems and Warwick University.