28th Feb 2008 09:13
Pace Micro Technology PLC28 February 2008 Pace Micro Techonology PLC - Industry ReclassificationPace Micro Technology PLC28 February 2008 PACE MICRO TECHNOLOGY PLC PACE MICRO WELCOMES FTSE RECLASSIFICATION TO TECHNOLOGY SECTOR Pace Micro Technology plc, the leading dedicated developer of digital TVtechnologies to the payTV industry, has welcomed its reclassification by theFTSE Global Classification Committee. The Company will be moved from within the "Household Goods" sector to the"Telecommunications Equipment" subsector of the "Technology Hardware &Equipment" sector. The change will become effective towards the end of March2008. Pace's main focus is on creating intelligent and innovative products andservices for the development of digital TV. Over the last 25 years, Pace hasdeveloped one of the world's most experienced specialist engineering teams andis now the partner of choice for leading payTV operators across the globe. Neil Gaydon, Chief Executive Officer of Pace said: "The Committee's decisionreflects our position as a highly specialised technology innovator, providingdigital TV technologies and solutions to the world's leading payTV operators." Enquiries to: Raphael Mazet/James StrankoBrunswick+44 20 7404 5959 Helen KettleboroughPace Micro Technology+44 1274 538005 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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