Hawk-Eye firm that got GAA score wrong gets its bottom line right
PROFITS at the firm that was at the centre of the summer controversy over the GAA's malfunctioning score detection system last year more than doubled to over €4.5m.
According to accounts just filed by Hawk-Eye Innovations Ltd with Companies House in the UK, the high-profile firm increased its accumulated profits from £1.63 to £3.78 million (€4.56m) last year.
The abridged figures show that Hawk-Eye Innovations more than doubled its cash balance from £1.86m to £4.4m in the 12 months to the end of March 31, 2013.
Last August at Croke Park, an "error in the match-day set up" on the Hawk-Eye system incorrectly disallowed a point for Limerick against Galway in an All-Ireland semi-final minor hurling tie.
The system was stood down for the subsequent Clare-Limerick senior semi-final and re-introduced for the remainder of the championship without any further hiccup.
The firm enjoys a high public profile through its ball-tracking technology for tennis.
The Premier League in the UK has installed Hawk-Eye to provide goal-line technology for the new soccer season.
The firm's profit in 2013 took account of non-cash depreciation costs of £219,363. Hawk-Eye has an annual involvement in over 100 events, including The Wimbledon Championships, The Cricket World Cup, Davis and Federation Cups, World Championships snooker and the Indian Premier League cricket.
Hawk-Eye's success has been recognised through several honours including two Baftas, one Emmy, one Logie, three Royal Television Society Awards and recognition as Best Technology by the British Computer Society.
At Croke Park, the technology involves eight high-speed cameras with the ball position triangulated using four cameras covering each end of the stadium.
The Hawk-Eye technology is in place for a two-year trial period after 86pc of delegates at Congress voted in favour of installing the system.