Vislink PLC
25 May 2005
Vislink plc
Annual General Meeting trading update - Wednesday 25th May 2005
Vislink plc ('the Group'), the leading supplier of microwave radio and satellite
transmission products for the broadcast and security markets and of CCTV systems
for the marine security market, held its Annual General Meeting today.
The Chief Executive Ian Scott-Gall made the following announcement to the
shareholders present at the meeting.
The Group has made a promising start to the year. The Group's trading is in line
with expectations and is significantly ahead of the previous year. The order
inflow has been particularly good for MRC in the domestic US markets and for
Hernis in its marine safety market. The Board is pleased to announce that MRC
has been awarded an order in excess of $4 million for its TSSR US military
radios.
Link Research Limited, which was acquired by the Group on February 11th 2005,
has made a good start. Link has now been accepted on the 2GHz programme as a
supplier for wireless camera systems and continues to win new business. Its new
video cellular diversity wireless camera system was used for the first time to
provide coverage for the recent University Boat Race.
The UK business is now seeing stronger international demand although the market
has remained competitive. The large contract in Venezuela is expected to
benefit the second half of the year with completion in the fourth quarter.
Hernis has made an encouraging start to the year with orders and operating
profits in line with expectations. Hernis has seen growth in its Far East
markets with significant orders for both marine and offshore oil and gas
projects.
In summary, the Board is encouraged by the current level of trading and looks
forward to the rest of the year with enthusiasm and confidence.
-Ends-
For further information on Wednesday May 25th 2005, please contact:
Ian Scott-Gall 01488 685500
Chief Executive, Vislink plc
James Trumper 01488 685500
Group Finance Director, Vislink plc
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.