17th Jul 2007 15:51
Pace Micro Technology PLC17 July 2007 17th July 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 an update on itsexpected performance for its shortened financial period ending 31st December2007. The Board is pleased to report that good progress is being made and now expectsprofit before tax for the shortened 2007 year to be significantly ahead ofcurrent market expectations of £8m. This is due to further progress on productapprovals for its US customer base and anticipated increased volumes to a UScustomer. In addition, following operational efficiencies made over the past 12months, ongoing improvement in gross margins is being achieved. Pace will announce its preliminary financial results for the year ending 2 June2007 on Tuesday 24th July. -ends- Enquiries:Brunswick Group LLP Pace Micro Technology plcFiona Laffan Helen Kettleborough+44 (0) 20 7404 5959 Care of Brunswick +44 (0) 20 7404 5959 About Pace Micro TechnologyPace 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, Germany, India and Hong Kong. For moreinformation on Pace, 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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