Trading Statement

RNS Number : 9982I

Seeing Machines Limited

23 June 2011

 



23 June 2011

SEEING MACHINES LIMITED

("Seeing Machines or the "Company")

TRADING UPDATE

Seeing Machines Limited (AIM:SEE), a leading developer of advanced vision based industrial systems, announces today that full year revenue and, as a consequence, full year results to 30 June 2011 will be significantly below market expectations.  The shortfall is due to the delayed rollout of the DSS at a single mining site which is now scheduled for installation commencing in August 2011.  Whilst Seeing Machines will see less DSS revenue in the second half of FY2011 than was reported for the first half, the Company has secured a number of significant new DSS mining customers in this half.  With the business that will be generated with these new and existing customers the directors are confident of delivering growth during FY2012. 

Enquiries:

Seeing Machines Limited	Nick Cerneaz, CEO Bill Mobbs, Chairman	[phone]
Daniel Stewart & Company plc	Oliver Rigby	[phone]
Walbrook PR Ltd	Paul McManus Paul Cornelius	[phone] [phone], [e-mail] [phone], [e-mail]

 

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