18th Jan 2008 07:00
Enfis Group PLC18 January 2008 Enfis Group plc ("Enfis" or the "Company") Year end trading update Enfis is today giving a trading update ahead of the announcement of its results,expected to be on 18 March 2008, for the year ended 31 December 2007. After admission to AIM in March 2007, the Board reports that it is very pleasedwith trading for the year ended 31 December 2007, which has seen the sign-up of16 distributors globally and sales distribution channels set up in North Americaand Europe. Demand for Enfis' light engines is continually growing and the Boardis excited to report that it is in discussions with a further nine integrator/luminaire manufacturers which are likely to launch Enfis' range of products overthe next financial year. Trials of Enfis' products with two of the major European lighting manufacturersare going to plan and the Board is happy with the progress to date. The globalLED lighting market is expected to be worth US$985 million in 2011 and the Boardbelieves that successful adoption of Enfis' light engines by these lightingmanufacturers could result in significant revenue generation in the future. The Board is confident for the outlook in 2008 and it is anticipated that a FarEast distribution channel will be established and four new products will bereleased, increasing the opportunity of Enfis' products being adopted by themarket. As announced on 26 November 2007, the Board believes the Company's performanceis likely to be in line with market expectations and with the US$1 millioncontract win in November 2007 and the positive trading in the year ended 31December 2007, the Board is confident for the future prospects of the business. - ENDS - Enquiries: Enfis Group plc Tel: 01792 485660Shaun Oxenham, Chief Executive OfficerGiles Davies, Chief Financial Officer Noble & Company Limited Tel: 020 7763 2200John Llewellyn-Lloyd / Andy Yeo This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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