Screen Technology Group plc
08 November 2006
For Immediate Release 8 November 2006
SCREEN TECHNOLOGY GROUP PLC
(the 'Company' or "Screen Technology")
Initial €1.7 million order for recently launched ITrans module
Screen Technology Group plc, the AIM listed designer and manufacturer of
revolutionary high-resolution large-screen displays for high ambient light
environments, is pleased to announce that the Company has secured a major
commercial order for its proprietary ITrans tiles from Sambers Italia S.p.A.,
which trades as Hantarex Electronic Systems ("Hantarex"), a leading
international company based in Milan manufacturing and supplying flat screen
display systems.
The order has an initial value of €1.7m for delivery in the first half of 2007.
The tiles will be used to create high-resolution ITrans display modules to
supply to Hantarex's own customer base. This is Screen Technology's first major
OEM partnership. Hantarex has made a significant investment in a dedicated
production facility at its Milan plant with the capacity to produce 5,000
display modules a year (representing circa 1,800 sq. metres of display). This
initial order is to supply the ITrans tile components for Hantarex to
manufacture ITrans display modules for its own customers. Hantarex will also be
assembling display modules using ITrans tiles for Screen Technology to supply
its own growing customer base with modular displays.
The ITrans modular system offers customers displays that can be configured to
any size or aspect ratio without any compromise on image quality simply by
seamlessly bolting together display modules. Incorporating the ground-breaking
features of Screen Technology's existing large-format displays - high
resolution, high brightness and superior image quality - the modular system is
ideal for Hantarex's worldwide customers, which include airports, television
studios, railways, museums and retail environments.
Tom Jarman, Chief Executive of Screen Technology, commented :
"This first major modular order, combined with the recently announced Wilden AG
tile manufacturing partnership, represents a major milestone for Screen
Technology in creating a fully scaleable production model working with top class
partners. Screen Technology will continue to concentrate our resources on
developing and marketing the ITrans technology, while being confident that
supply can meet the ever increasing demand for our leading edge products."
Giacomo Taffelli from Hantarex, said:
"The ITrans technology developed by Screen Technology means that we will be able
to offer our customers screens that produce vivid images, intense colours and
pin sharp clarity with no upper limit in terms of size.
"We are confident that this new technology, coupled with our own experience and
worldwide reputation in the displays market will deliver a ready customer base
among our existing clients and, equally importantly, new ones too."
Screen Technology Group plc www.screentechnology.com
Thomas Jarman, CEO 01223 559600
Simon Barton, Finance Director
Buchanan Communications 020 7466 5000
Isabel Podda
Notes to Editors
Screen Technology
Screen Technology is the designer and manufacturer of revolutionary
high-resolution large-screen displays designed for high ambient light
environments.
The high resolution and high definition of the Company's displays give a
high-quality image suitable for advertising images and video as well as public
information displays. They are visible at short viewing distances as well as
across larger venues making them particularly suitable for large retail outlets,
shopping malls, control rooms and transport concourses where customers might be
within 10m of the display, a distance at which LED display technologies become
unsuitable. The high brightness means that the displays are also easily visible
in the kind of high ambient light environments where conventional LCD or plasma
technologies become unusable.
Screen Technology's patent protected technology uses moulded optical fibre tiles
to produce seamless large displays using standard production LCD panels. The
scaleable modular technology enables screens to be built in a wide variety of
shapes and of theoretically unlimited size.
Screen Technology Group plc listed on AIM, a market operated by the London Stock
Exchange, on 1 August 2005.
This information is provided by RNS
The company news service from the London Stock Exchange
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