Radstone Technology PLC
15 December 2004
For Immediate Release 15 December 2004
Radstone Technology PLC
Trading Update
Radstone Technology, the world's leading independent supplier of
high-performance, embedded computer products for defence and aerospace
applications, announces today a trading update following on from specific issues
identified in the interim results statement on 10 November 2004.
The teething problems on the new automated production process for conformal
coating of computer boards have been resolved and the delayed deliveries now
completed. The matter of components from a customer-nominated supplier, that
did not meet Radstone's quality standards, has also been addressed and we now
have sufficient good quality components to deliver our customer's requirements
for the second half. Trading remains in line with expectations at the time of
the interim results
Radstone continues with its policy of hedging its net US dollar exposure,
primarily through the use of forward contracts. On current estimates the hedged
rate will be $1.70:£1.00 for the year to 31 March 2005 and $1.80:£1.00 for the
year to 31 March 2006. These rates compare to a hedged rate of $1.55:£1.00 for
the year ended 31 March 2004.
For further information:
Radstone Technology 01327-359444
Jeff Perrin, Chief Executive Web: http://www.radstone.co.uk
Kevin Boyd, Group Finance Director
Buchanan Communications 020 7466 5000
Tim Thompson or Nicola Cronk Email : nicolac@buchanan.uk.com
This information is provided by RNS
The company news service from the London Stock Exchange
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