I’m delighted to be able to start my first editorial of 2018 on a positive note. The World Bank expects the global economy to grow by 3% to 3.5% this year. Its January 2018 Global Economic Prospects report indicates that 2018 will be the first time the global economy will be operating at or near full capacity since the financial crisis.
CEDES is well placed to take advantage of this. We rounded off a challenging 2017 quite well and this year is looking even more promising. Several new products and product applications will be launched for both the elevator & escalator market and the entrance automation market.
Our near-future products are based on latest state-of-the-art technology, such as Time-of-Flight. You will hear more about this in future. In fact, that near-future has already begun; new products have already been launched and are being ramped up. CEDES will once more demonstrate its leading role in optical sensor innovation and confirm the truth of its slogan, “the Sensor Pioneers”.
Christian-Erik Thöny CEO CEDES Group