Pitt Meadows-based Tranzeo Wireless Technologies Inc. (TSX:TZT) has opened its first office in Shannon, Ireland, to service to its European, African and Middle Eastern distributors and customers.
The wireless broadband communication system developer's Irish facility will include a full-service sales and technical support centre. It will also serve as a warehouse for the company's wireless broadband radios and antennas.
Tranzeo's products will continue to be made in Canada and configured to European communication standards.
Tranzeo's second quarter revenue rose 10% to $5.3 million from $4.8 million with net earnings of $401,022 compared with a quarterly profit of $482,614 in its previous second quarter.
Tranzeo's share price range during the past week: between $1.65 and $2.10; 52-week high: $2.80; 52-week low: $1.25.