13th Apr 2006 07:01
Appian Technology PLC13 April 2006 Appian Technology plc / Ticker: ATT / Market: AIM / Sector: Technology 13 April 2006 Appian Technology plc ('Appian' or 'the Company') Trading Update Appian Technology plc, the AIM-traded provider of Automatic Number PlateRecognition systems ('ANPR') and traffic management products and solutions, ispleased to announce a trading update for the half year to 31st March 2006. TheCompany expects to announce its half year results on 19th June 2006. Move to AIM and share placing During the half year to 31st March 2006 Appian raised £2.54 million beforeexpenses through a placing of 50,780,000 new ordinary shares and its shares wereadmitted to trading on AIM on 4th January 2006. Trading Appian has seen significant progress in all aspects of its business. Orderintake is substantially ahead of last year and the Company has a healthypipeline going forward. For the half year to 31st March 2006 Appian will reporta significant increase in sales and improved results compared with the previousyear. Appian's markets continue to develop in the UK and internationally. The Companyis reviewing its business plan for the forthcoming six months which could resultin additional investment in sales and marketing to acquire new customers in theexpanding international market for ANPR solutions. Product development is continuing in line with market requirements andmanagement has been strengthened in the Company's operations department, whichcovers delivery, R&D and maintenance. During the period, Appian has won important new customers and projects both inthe UK and internationally. A recent significant new contract was an £80,000order to equip the Royal Canadian Mounted Police and Vancouver Police Departmentwith its Talon ANPR ('Talon') technology. The Company anticipates further ordersfrom Canadian law enforcement agencies over the next two years. Additionally as previously announced, the Company has won two other major ordersfor its Talon system. The first was a £300,000 order from a major UKmetropolitan police force, and the second was a £626,000 order to equip a numberof UK ports with Talon as part of a 10-year project sponsored by the UKGovernment. ** E N D S ** Contacts Pat Ryan Appian Technology Plc Tel: 01628 554 754Hugo de Salis St. Brides Media & Finance Ltd Tel: 020 7242 4477 Notes to Editors Appian provides high tech products for automatic number plate recognition ('ANPR'), vehicle identification, modern traffic management, parking guidance andcar park management problems for the surveillance, counter terrorism, accesscontrol and congestion charging markets. Key products are Talon ('ANPR') andNavigator PGI (parking guidance information systems). In 2003 the Companyintroduced TalonSP, a software based version with all the functionality ofTalon, which is capable of running a number of cameras on any modern PCplatform. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Applied Nutri