Substantial order from leading military radio manufacturer
Sarantel Group PLC (AIM: SLG, 'Sarantel' or 'the Group'), a leading manufacturer of high-performance, miniature filtering antennas for mobile and wireless devices, has received its largest order to date from a leading military radio manufacturer for a range of different Sarantel antenna products.
The order is forGeoHelix® GPS antennas which the manufacturer uses across a variety of products. It represents the culmination of many years of product and business development efforts between both companies.
This order, part of a multi-year supply contract, is expected to be delivered over the next 12 months and will have a significant impact on Sarantel's revenues and cash flowin the current financial year.
Sarantel is currently considering a number of options for both short and medium term financing, including a commercial loan, and will update shareholders in due course.
David Wither, CEO of Sarantel, said:
"This is the largest order that we have secured so far and we expect it to have a material impact on our revenues. It is a great endorsement of the importance of our technology to world leading customers."
Sarantel Group PLC
01933 670 560
David Wither, Chief Executive Officer
Nicola Malyon, Chief Financial Officer
020 7107 8000
Freddy Crossley, Nominated Adviser
David Banks/Paul Jewell, Corporate Broking
020 7457 2020
Kay Larsen/Rozi Morris
About Sarantel (www.sarantel.com)
Sarantel is a leader in the design of high-performance miniature antennas for portable wireless applications. Sarantel's revolutionary ceramic filtering antennas offer dramatically improved performance over existing antenna designs, resulting in a clearer signal, better range and a 90 per cent reduction in the amount of signal radiation absorbed by the body. Because of their smaller size and higher capabilities, Sarantel's antennas enable manufacturers to create innovative wireless products for the GPS, Satellite Radio and Satellite phone markets.
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