28th Apr 2005 07:00
Sarantel Group PLC28 April 2005 Embargoed until 7:00 28 April 2005 Sarantel Group PLC ("Sarantel") Maiden trading update for the half year ended 31 March 2005 Sarantel, the leading manufacturer of revolutionary filtering antennas forwireless devices which began trading on AIM on 2 March 2005, today provides anupdate for the half year ended 31 March 2005. Trading in the six months to 31st March 2005 was in line with expectations. TheCompany shipped 325,000 units in the period, against approximately 50,000 unitsin the same period a year earlier and against 170,000 in the whole of the yearto 30 September 2004. At the end of the half the order book stood at over £2m,a more than five fold increase on the same time a year earlier. The second half has started encouragingly. Sarantel continues to source newbusiness in its key markets, notably the recently announced TomTom agreement.There are also significant design wins with customers in Europe and Asia. TheDirectors anticipate that the Company will continue to develop its order bookand prospect pipeline in the second half, with particular emphasis on newmarkets such as satellite radio. Due to unforeseen supplier delays, Sarantel's bespoke manufacturing equipment isnow expected to be delivered and installed in early May. This should stillenable the Company to ship its anticipated volume of not less than 1m units inthe full year to 30 September 2005. Sarantel intends to release its interimresults for the half year ended 31 March 2005 on 6 June 2005, and a furtherupdate on trading and outlook will be given then. The Company plans to host aninvestor site visit following the interim results. For further information please contact: Sarantel Group PLC www.sarantel.comDavid Wither, CEO/Sitkow Yeung, CFO 01933 670560Smithfield 020 7360 4900Sara Musgrave Pictures are available for the media to view and download from www.vismedia.co.uk About SarantelSarantel designs, manufactures and sells patented, ceramic, filtering antennasfor use in portable wireless devices such as PDAs, laptops and 3G mobiledevices. Its current focus is on producing antennas for the GPS market whichallow a clearer signal than conventional antennas whilst reducing the amount ofenergy absorbed by the head by approximately 90 per cent. The antennas simplifysystem design, thus allowing design standardisation and reduced time to marketand cost for manufacturers. As well as GPS, Sarantel's antennas are designed to service Wi-Fi, 3G andBluetooth platforms which are expected to be a key element in the future successof mobile network operators and device manufacturers. Sarantel's antennas cansignificantly increase the range and effective bandwidth of Wi-Fi devices andSarantel is planning to commence high volume delivery of its antennas into thesatellite radio market within the next 12 months. Sarantel listed on AIM, a market operated by the London Stock Exchange, on 2ndMarch 2005 at an issue price of 82p. Sarantel is included in the IT Hardwaresector (93) within the Telecommunications equipment sub-sector (938) and has aRIC code of SLG.L This information is provided by RNS The company news service from the London Stock Exchange ENRelated Shares:
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