Trading Update

RNS Number : 8609S

Ubisense Group PLC

13 November 2013

 



13 November 2013

Ubisense Group plc

Trading Update

Cambridge, UK - Ubisense Group plc ("Ubisense" or the "Company") (LSE:UBI), a market leader in real time location intelligence solutions, provides the following update on trading performance.

The Group has displayed strong momentum in the second half with its converged technology offering leading to significant contract wins during the period.

In order to meet customer demand for the converged solutions, the Group has accelerated investment in the product portfolio, including its next generation Smart Factory System and MyWorld products and applications. In addition, a large OEM deal initially expected to fall within the period delivering revenue of approximately £1.9m has been delayed due to the size and scope of the contract expanding. The deal is expected to deliver significant value next year. As a result, the Group now expects to post revenues at the lower end of the range of expectations and EBITDA in line with 2012 levels.

The benefit of the investment and the increasing customer demand is evidenced today with the announcement that a large European automotive manufacturer has chosen to extend their initial Smart Factory System deployment to a third facility after going into production with the system earlier in July. The order, valued at approximately $1 million, is part of a global framework agreement with the manufacturer and will extend the system from their assembly line to the finishing facility.

-ENDS-

Contact:
Ubisense Group	Tel:  [phone]
Richard Green
Gordon Campbell
Canaccord Genuity Limited (NOMAD)	Tel: [phone]
Simon Bridges
Lucy Tilley
FTI Consulting	Tel: [phone]
Jon Snowball Tracey Bowditch

About Ubisense

Ubisense is a market leader in real time location intelligence solutions which enable companies to optimise their business processes. By keeping track of key assets, Ubisense solutions bring clarity to complex operations whilst also improving quality and reliability. Ubisense Real-Time Location Intelligence Solutions are used by a number of blue chip customers across the world, such as AGCO, Airbus, Aston Martin, BMW, Cablevision, Daimler, Deutsche Telekom, Duke Energy, John Deere, MINI and VW.

Ubisense is headquartered in Cambridge, UK, with offices in the USA; Canada; France; Germany; Singapore. For more information visit: http://www.ubisense.net 

 

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