Hungarian consortium develops optical distance meter
The consortium of Hungarian computer technology firm Profitrade 90 and the Budapest University of Technology's BME-Infokom Innovator Nonprofit have completed research for a single-camera optical distance measurement technology and development of related smartphone applications from nearly HUF 273.3 mln with a European Union grant of HUF 196.1 mln, the company told Hungarian news agency MTI.
Profitrade 90 employs on average 30-35 people. It had after-tax profit of HUF 13 mln on revenue of HUF 105.6 mln in 2013.
Profitrade told MTI earlier that it expects the financial results of the investments of recent years to be reflected in this year's books, but most definitely in the reports of the coming years.
Avg Hourly Pay Rate for Blue-collar Workers Climbs 16% in Q1
Bulgaria's Household Income, Spending Rise 20% in 2023
Job Fair and Career Prep at Corvinus Starts Tomorrow
Spago Budapest Offering Unique Sunday Brunch Experience
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
