14th Sep 2007 12:51
Pace Micro Technology PLC14 September 2007 Pace Micro Technology plc Market update Pace Micro Technology plc, the leading independent developer of digital TVtechnologies for the global payTV industry, is providing a further update onexpected performance. Pace is continuing to perform well and the Board now expects that the outcomefor the shortened 2007 year will be significantly ahead of its existingexpectations. This primarily results from ongoing action to improve businessefficiencies, which is delivering results ahead of our expectations across theentire product range. In addition, Pace's US business is continuing to performvery strongly. At this early stage the Board's current expectation is that on an annualisedbasis revenues in 2008 may not be as strong as 2007, as the current exceptionalsales performance in the US adjusts to normal levels. However, Pace continues tomake extremely good operational progress and the Board remains confident withits existing expectations for the overall outcome for the 2008 financial year. -ends- Note to editors: Pace's shortened financial year commenced 3rd June 2007,following a change to Pace's accounting year-end, where future financialyear-ends will close at the end of the calendar year. Contacts Fiona Laffan/Tim Williamson/Raphael Mazet Helen Kettleborough Brunswick Pace Micro Technology +44 20 7404 5959 +44 1274 538005 About Pace Micro Technology Pace Micro Technology plc (pic.l) is a leading technology developer for theglobal payTV industry. Pace's main focus is on creating intelligent andinnovative products and services that benefit our customers and fuel thedevelopment of digital TV. Over the last 25 years, Pace has developed one of theworld's most experienced specialist engineering teams and is now the partner ofchoice for leading payTV operators across the globe. Pace's international headquarters are in Saltaire, West Yorkshire, UK, withfurther offices in the USA, France, India and Hong Kong. For more information onPace, please visit www.pacemicro.com. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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