Oxford Instruments PLC
20 September 2005
20th September 2005
Oxford Instruments plc : Chairman's AGM Statement - 2005
Oxford Instruments is holding its Annual General Meeting today at which the
Chairman Nigel Keen will make the following statement:
"As we have announced recently, our strategic aim is to exploit our technology
to become the leading provider of a new generation of tools and systems for work
at the atomic and molecular level in the physical science and bioscience
sectors. We will achieve this by building on our capability to create
specialised environments, such as ultra low temperatures and high magnetic
fields, to provide systems that can observe and manipulate matter at the
smallest scale. Increasingly we intend to provide total solutions for sale
direct to end user customers, whilst at the same time, we are actively seeking
to grow our customer support revenues."
"In line with this strategy, our increased investment in the development of
significant new products and marketing initiatives is showing some good early
results."
"Our new Dynamic Nuclear Polarisation product, 'HyperSense', is on track. Three
BETA test sites are being established and we have received our first order for
this new device, which we expect to deliver during the first quarter of 2006."
"In the area of providing environments for our physical science customers, we
have successfully completed the tests for our 950 MHz magnet. The 950 is the
world's most powerful superconducting NMR magnet and, importantly, is the first
commercial utilisation of our new high performance superconducting wire, 'RRP'.
We have just launched 'Magnets Direct' to provide, for the first time, a route
for our NMR customers to purchase magnets direct from us."
"The first of our new generation of tools for use in nanotechnology is
undergoing tests and is expected to be launched in the first half of 2006. This
tool provides our customers with a layer by layer process for the deposition of
thin films."
"The recent formal go ahead for the ITER international fusion energy programme
provides us with significant opportunity for the supply of superconducting wire
from next year onwards."
"Our new low cost production plant in Shanghai is getting up to speed. This
facility is now capable of producing a range of Oxford Instruments products at a
very favourable cost."
Current Trading
"Order levels and turnover for the first half of the year are in line with the
Company's internal budgets. As we have already indicated at the time of our
preliminary results in June, pre-tax profits in the first half will be below the
same period last year. We continue to expect that the outcome for the full year
will be in line with market expectations."
IFRS
"We will announce details of our transition to International Reporting Standards
(IFRS) on 12 October 2005."
Enquiries:
Oxford Instruments plc Tel 01865 881437
Jonathan Flint, Chief Executive
Martin Lamaison, Financial Director
Hogarth Partnership Limited Tel 020 7357 9477
Rachel Hirst
Andrew Jaques
Notes to Editors
As a global leader in advanced instrumentation, Oxford Instruments has a broad
range of capabilities which provide the tools, processes and solutions needed to
advance fundamental nanoscience research and its transfer into commercial
nanotechnology applications. With a unique set of technologies to enable the
manipulation and observation of matter at the smallest scales, Oxford
Instruments offers solutions for the fabrication and characterisation of
nanoscale materials, structures and devices, and environments in which to
perform fundamental nanoscience. The first technology business to be spun out
from Oxford University over forty years ago, Oxford Instruments today employs
over 1,200 people, operating globally, and is listed on the London Stock
Exchange (OXIG).
This information is provided by RNS
The company news service from the London Stock Exchange
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