Sarantel Group PLC
20 December 2005
Embargoed until 7:00 20 December 2005
Sarantel Group PLC ('Sarantel')
Trading Update
In September 2005, Sarantel announced a substantial order for the North American
satellite radio market, with volume shipments expected to commence in the first
half of the Company's financial year beginning 1st October 2005.
Sarantel has now been informed that the programme has been delayed for reasons
not related to its antenna and new shipments dates are still to be confirmed. It
is unlikely that volume shipments will begin before the end of March 2006.
The Company will produce antenna for stock during the next three months to meet
the demand from the satellite radio customer when it arises.
As a consequence of the above, the Board expects first half revenues to be
materially below market expectations, but not less than those in the first half
of the prior year.
A further trading update will be given at the AGM on 3rd February 2006.
For further information please contact:
Sarantel Group PLC www.sarantel.com
David Wither, CEO/Sitkow Yeung, CFO 01933 670560
Arbuthnot 020 7012 2102
Richard Dunn
Smithfield 020 7360 4900
Sara Musgrave
Pictures are available for the media to view and download from
www.vismedia.co.uk
About Sarantel
Sarantel designs, manufactures and sells patented, ceramic, filtering antennas
for use in portable wireless devices such as PDAs, laptops and smart phone
devices. These antennas solve a performance impairment problem that is faced by
conventional antennas, by reducing the amount of energy that is absorbed into
the body by approximately 90 per cent. The Sarantel technology therefore
provides a stronger and clearer signal to enable better product performance and
also more attractive product styling. The antennas simplify system design, thus
allowing design standardisation and reduced time to market and cost for
manufacturers.
In April 2005, Sarantel announced an agreement with TomTom to supply its
GeoHelix GPS antenna for use in TomTom's newest navigation solutions, TomTom
MOBILE 5 for mobile phones and TomTom NAVIGATOR 5 for PDAs. The GPS receiver is
so sensitive it can be placed in a pocket or bag, without line of sight
required, ensuring reliable reception in urban areas or next to the body.
As well as GPS, Sarantel's antennas can service multiple wireless markets
including; Wi-Fi, 3G, satellite radio, and Bluetooth. In September 2005,
Sarantel announced a substantial order to supply its antenna technology to a
North American satellite radio Company.
Sarantel listed on AIM, a market operated by the London Stock Exchange, on 2nd
March 2005. Sarantel is included in the IT Hardware sector (93) within the
Telecommunications equipment sub-sector (938) and has a RIC code of SLG.L
This information is provided by RNS
The company news service from the London Stock Exchange
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