Update

RNS Number : 5730I

Sprue Aegis plc

10 December 2015

 

10 December 2015

Sprue Aegis plc 

("Sprue", the "Company" or the "Group")

UPDATE

Further to the Company's interim results announcement released on 14 September 2015 ("interim results"), the Board is pleased to announce that slightly ahead of the original timetable, all the smoke alarm and accessory manufacturing activities of CICAM, the Company's principal supplier in China, have been successfully transferred to a nearby alternative facility and that the relevant certification approvals for the new facility are in place. Sprue's products are now being produced at the new facility which was formally opened on 9 December 2015.

The Board is also pleased to announce that SONA, Sprue's ground breaking new range of mains powered products targeted at the UK Trade sector, will go into full production before the Company's year end in line with the guidance provided in the interim results.

- Ends -

For further information, please contact:

Sprue Aegis plc	02477 717700
Graham Whitworth, Executive Chairman Neil Smith, Group Chief Executive John Gahan, Group Finance Director
Westhouse Securities	0207 601 6100
Tom Griffiths

Notes to Editors

About Sprue Aegis plc

Sprue's mission is to protect, save and improve our customers' lives by making innovative, leading edge technology simple and accessible.

Sprue is one of the market leaders in the European home safety products market.  Its principal products are smoke alarms and CO alarms and accessories and the Group has an extensive portfolio of patented intellectual property. Sprue has patented its technology in Europe, the US and other selected territories. 

The introduction of new technologically advanced products and new safety products legislation in the UK and in Europe, and increasing levels of awareness of the dangers of smoke and CO, continue to drive sales.

Sprue manufactures CO sensors at its subsidiary, Pace Sensors for use in its CO alarms.  All other manufacturing and product assembly is outsourced to two principal third party contract manufacturers in China, one of which is Jarden Corporation which owns 23.6% of the Group and Pace Technology Limited which is independent from Jarden Corporation.

Sprue enjoys a leading sales footprint in UK Retail and is a major supplier to the UK's Fire & Rescue Services.  The Group also supplies the UK's Utility and Leisure sector which includes customers such as British Gas and Scottish Gas and has a well-established but relatively low market share of the UK Trade sector.   Sprue has a well-established business in Continental Europe mainly selling through a network of independently owned third party distributors and some sales direct to customers.

The Group has won a number of prestigious Sunday Times Virgin Fast Track 100 Awards, which recognises the 100 fastest growing companies in the UK.  Sprue's head office is in Coventry and it has a second office in Gloucester.   Warehousing is located in Cambridge and Gloucester.

Sprue's range of products is comprehensive, allowing the Group to tailor a range of smoke alarms, CO alarms and accessories to suit its customer needs at various price points under the following brands:

Ø  FireAngel.  A market-leading and innovative battery operated alarm principally targeted at UK Retail and UK F&RS

Ø  AngelEye.  Launched in 2012, Sprue sells smoke alarms and CO detectors principally into the French market under the AngelEye brand. AngelEye has become a leading brand targeted at the DIY channel in France

Ø  SONA.  A new, low power mains powered range of smoke and heat alarm products plus CO detection that are market leading and which can be wirelessly interconnected with up to 50 products on a single network

Ø  FireAngel Pro.  Mains-powered smoke alarm with a 10 year, sealed for life lithium battery back-up.  Modern design, quick fitting, tamper-proof mounting plate which locks the alarm head securely in place.  Mounting plate has wide, easily accessible connection to the mains feed. Cable knock-out allows for compatibility with YT2 cable trunking

Ø  Pace Sensors.  CO sensors used within Sprue's CO products are developed by Sprue and Pace Sensors, Sprue's wholly owned subsidiary in Canada. Pace Sensors' CO sensors are used within all FireAngel, AngelEye and Pace Sensors' CO detectors and certain First Alert branded CO detectors

Sprue has the exclusive rights to distribute the products and brands of BRK Brands (a subsidiary of Jarden Corporation) in Europe namely, First Alert, BRK and Dicon.  First Alert is one of the leading safety products brands in North America.

For further product information, please visit:  www.sprue.com.

 

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