Sarantel Group PLC
24 April 2008
24 April 2008
SARANTEL GROUP PLC
AGM statement
Sarantel (AIM: SLG, 'the Company'), the leading manufacturer of revolutionary
filtering antennas for mobile and wireless devices, is making the following
trading update at today's AGM:
'The Company has traded in line with the Board's expectations for the first six
months of the year to 31 March 2008 with revenues of approximately £1 million
(2007: £1.5 million), which is due primarily to an approximately 300 per cent.
rise in GPS shipments compared to a difficult previous six months ended 30
September 2007. Cash as at 31 March 2008 was £0.9 million before the receipt of
£3.4 million from the placing announced on 7 April 2008. Overall the Company's
development remains on track.'
Sarantel expects to publish its interim results for the six months ended 31
March 2008 in late June 2008.
Enquiries:
Sarantel
David Wither, Chief Executive Officer 01933 670 560
Sitkow Yeung, Finance Director
John East & Partners Limited 020 7628 2200
John East/Simon Clements
College Hill 020 7457 2020
Adrian Duffield/Kate Norton
Notes to Editors:
Sarantel (www.sarantel.com)
Sarantel is a leader in the design of high-performance miniature antennas for
portable wireless applications including hand-held navigation, satellite radio
and laptop computers.
Sarantel's revolutionary ceramic filtering antennas offer dramatically improved
performance over existing antenna designs, resulting in a clearer signal, better
range and a 90 per cent reduction in the amount of signal radiation absorbed by
the body. Because of their smaller size and higher capabilities, Sarantel's
antennas enable manufacturers to create innovative high-volume consumer products
incorporating technologies such as GPS, Wi-Fi, WiMax, 3G, GPRS, Satellite Radio
and Bluetooth.
This information is provided by RNS
The company news service from the London Stock Exchange
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