Screen Technology Group plc
10 November 2005
For Immediate Release 10 November 2005
Screen Technology Group plc
Trading update
Screen Technology Group plc ("Screen Technology"), the designer and manufacturer
of innovative high resolution large-screen displays for high ambient light
environments, today provides an update on order pipelines for its products and
trading for the current financial year.
The company's sales order pipeline has recently been significantly strengthened
as a result of demonstrations and exhibitions of its large display screens
throughout Europe, Asia and the UK. The product has generated a significant
amount of interest from potential customers and distribution partners.
Since the launch of ITrans, the Company has been involved in site demonstrations
and support to potential customers in the transport, control room and media
sectors that are already in the process of specifying major installations of
Screen Technology products expected to be valued at over £4 million. Total
quotations provided to potential customers to date are now in excess of £10
million. These projects would be more than enough to take up the Company's
entire planned production capacity for 2006.
The Company has been making enhancements to production processes to ensure the
delivery of consistent high-quality moulded optical parts, which it is now
producing in larger volumes. Over recent weeks, the company has also focused
its currently limited production capacity on satisfying demand for demonstration
units that have been used at venues around the world. Although demand has been
very high for ITrans products, the effect of both these factors has been to
delay some product shipments that were expected by the end of December into the
first part of 2006. The Company is expecting to be able to satisfy orders with
a value of about £100,000 for delivery in this calendar year. Reported figures
for the year ending December 2005 will therefore show that sales will be below
current market expectations.
In line with expectations at flotation, two new assembly machines have been
ordered with the first coming on stream early in the new year and a second much
higher speed machine greatly increasing capacity towards the middle of 2006.
Tony Kellett, Chief Executive said:
"The reaction from our potential customers in Asia, Europe and the UK has been
excellent at recent trade exhibitions and demonstrations. With additional
production capacity coming on stream early in the new year, we are looking
forward to ITrans being deployed by well known global customers in high-profile
venues in the near future."
For further information please contact:
Screen Technology Group plc www.screentechnology.com
Tony Kellett, CEO 01223 875500
Simon Barton, Finance Director
Buchanan Communications
Isabel Podda / Rebecca Skye Dietrich 020 7466 5000
Notes to Editors
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 screen 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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