AGM Trading Update

RNS Number : 8369Y

Zytronic PLC

28 February 2013

 



For Immediate Release                                                                      28 February 2013

ZYTRONIC PLC

("Zytronic")

AGM Trading Update

Ahead of the AGM being held at 2.00 p.m. today, Zytronic provides the following trading update.

As previously announced in December 2012, with the release of our preliminary results to 30 September 2012, trading for the first half of this financial year is, as expected, slower than the corresponding period last year.  This is principally due to the absence this year of one-off electronic display orders from ATM manufacturers, the discontinuation of some legacy product lines, and the delayed roll-out of the Coca Cola project, which in aggregate accounted for approximately £2 million of revenue in the comparable prior period.

The strategy to diversify away from the traditional display products and concentrate on the growing market for PCT™ touch products is continuing to show progress, with benefit in terms of revenue and profitability expected later in the year.

There are a number of encouraging and positive signs of improvement for the future:  the current order intake for Zytronic's innovative touch products is ahead of the corresponding period last year; orders for the delayed roll-out of the Coca Cola product are now beginning to flow through again; and our successful touch products are producing some interesting projects in food and drink vending.  In addition, the new multi-touch MPCT™ products continue to be well received and are resulting in initial orders. 

PCT™             Projected Capacitive Technology

MPCT™          Mutual Projected Capacitive Technology

Enquiries:

Zytronic plc	0191 414 5511
Mark Cambridge, Chief Executive
Denis Mullan, Group Finance Director
Buchanan	020 7466 5000
Richard Darby, Gabriella Clinkard
N+1 Singer
Aubrey Powell	020 7496 3155

Will Goode

Notes to Editors

Zytronic is the developer and manufacturer of a unique range of internationally award-winning touch sensor products. These products employ an embedded sensing element and are based around projected capacitive technology ("PCT™") sensing. PCT offers significant durability, environmental stability and optical enhancement benefits to system designers of touch interactive, industrial, self-service and public access equipment. During 2012, Zytronic developed new know-how to create mutual projected capacitive technology ("MPCT™") which enables multi-user and multi-touch touch sensing in ultra large form factor sizes up to 84".

Operating from three modern factories near Newcastle-upon-Tyne in the United Kingdom, Zytronic assembles touch sensors using special glass and plastic materials, in environmentally controlled clean rooms.

 

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