CIT achieves Atmel 'first production shipment'

RNS Number : 9733T

Carclo plc

20 December 2012

 



20 December 2012

Carclo plc

CIT achieves Atmel 'first production shipment' milestone

Carclo plc is pleased to confirm that volume production of touch sensors based on Conductive Inkjet Technology's ("CIT's") Fine Line Technology commenced as expected this month.

Shipments have now exceeded the minimum volume threshold specified in our agreement with Atmel Corporation and the 'first production shipment' milestone has been achieved. This milestone triggers the US$10.0 million prepayment which we expect to receive early in the new calendar year.

The increase in production capacity outlined in the group's interim statement is on schedule.

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Enquiries:
Carclo plc	01924 268040
Ian Williamson, Chief Executive
Robert Brooksbank, Finance Director
Weber Shandwick Financial	020 7067 0700
Nick Oborne / Stephanie Badjonat / Robert Cook

Notes to editors

Carclo plc is a technology led plastics group. It is a public company whose shares are quoted on the London Stock Exchange.

Approximately three fifths of sales are derived from the supply of fine tolerance, injection moulded plastic components, which are used in medical, optical and electronics products. This business, Carclo Technical Plastics, operates internationally in a fast growing and dynamic market underpinned by rapid technological development.

Approximately two fifths of sales are derived from the supply of specialised precision components to the premium automotive and aerospace industries and LED optics for a wide range of end applications. Carclo is a leader in the development of high power LED lighting for supercars.

Carclo's strategy is to develop new technologies and products to drive future growth. Its investment in Conductive Inkjet Technology is at the heart of the newly emerging market for very low cost printed electronics.

 

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