23rd Jul 2008 10:30
SEPURA PLC
INTERIM MANAGEMENT STATEMENT AND BOARD CHANGE ANNOUNCEMENT
Cambridge, England: 23 July 2008. Sepura plc, a global leader in the design, manufacture and supply of TETRA digital radios, today announces the following Interim Management Statement (as required by the UK Listing Authority's Disclosure and Transparency Rules) for the period 1 April 2008 to 23 July 2008 and intended change in Board membership.
General
The TETRA market continues to develop as expected. In particular both the key UK replacement market and new German procurement remain on track.
International Business
Significant revenue was generated in the period from sales
to Macedonia, Spain, Argentina and Malaysia and orders were received from Russia, China, Mexico and France.
Four separate invitations to pre-qualify / tender have been issued in Germany covering a requirement for more than 50,000 TETRA terminals over the next three to four years, all of which Sepura is bidding for.
UK Business
The UK business in the first quarter was dominated by revenue from continuing roll out of the Airwave contract to supply radios to UK Ambulance Trusts and from UK police forces replacing their fleets of old TETRA radios with new radios.
The UK replacement cycle remains on track and we are continuing to receive orders from our existing police force customers.
Outlook
We continue to see strong demand for our products in key markets. The Board's expectations for the financial results for the full year therefore remain unchanged albeit, as previously advised, weighted to the second half and subject to the inherent lumpiness in the TETRA market.
Management Change
The Board wishes to announce that Graham Mathews has now formally expressed his intention to retire as Chief Executive of Sepura. Graham is working with the Board to ensure an orderly handover to his successor. The process to find a successor is well advanced with strong internal and external candidates.
For further information please contact:
Sepura plc Tel: 01223 876 000
Philip Nolan, Chairman
Graham Mathews, Chief Executive Officer
Steve Crowther, Chief Financial Officer
Powerscourt (Media Enquiries) Tel: 020 7250 1446
Keith Brookbank
Notes to editors:
About Sepura
Sepura is a global leader in the design, manufacture and supply of TETRA (TErrestrial Trunked RAdio) digital mobile radios, used predominantly by the emergency services around the world as well as in the military, transportation, utilities, local government and commercial sectors.
The TETRA standard was developed mainly for public safety professionals. It facilitates reliable radio communication at all times and offers secure voice and data transmissions - free from the possibility of eavesdropping.
Sepura has rapidly expanded across the world with a network of more than 75 regional partners that sell and support locally its market-leading products in over 90 countries. It is now the market leader in more than 25 countries.
Sepura's development expertise is focused entirely on TETRA radio terminals, and the Company offers the broadest range of TETRA products available. It is the market leader in the supply of surveillance and other specialist TETRA radios and accessories.
Based in Cambridge, England employing some 300 employees, Sepura was admitted to the Official List of the London Stock Exchange on 3 August 2007.
Recognition For Innovation
The Company has won a number of awards in recent months, including the PLC Award 2007 for Best Technology Company and the 2008 Frost & Sullivan Global First Responder Company of the Year Award.
For further information please visit www.sepura.com
Related Shares:
SEPU.L