Screen Technology Group plc
30 March 2006
For Immediate Release 30 March 2006
Screen Technology Group plc
("Screen Technology" or "the Company")
Trading update
The Company will announce preliminary results for the year ended 31 December 2005
on 20 April 2006. The Company notes the recent share price movement and would
like to confirm that trading has remained in line with current market expectations
following the trading update given in November 2005 and that the Company's cash
position remains strong.
Screen Technology continues to see strong demand from the display industry for
ITrans and, in the last month alone, the Company has received firm orders in
excess of £0.5 million to commence shipment in the second half of the year.
In order to meet demand and in line with the Company's stated strategy Screen
Technology has recently moved into 20,000 sq ft of space in Cambridge and
continues the significant development of its production resources. A second
low-volume production machine was recently delivered while the first high-speed
production machine is on schedule for mid 2006 and a further higher-speed machine
has been ordered for delivery in October 2006.
The Company looks forward to updating shareholders fully on its progress in
April.
For further information please contact:
Screen Technology Group plc www.screentechnology.com
Tony Kellett, CEO 01223 559600
Simon Barton, Finance Director
Buchanan Communications 020 74665000
Isabel Podda
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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