Torotrak PLC Share News (TRK)

LONDON (Dow Jones)--Torotrak PLC (TRK.LN), which develops and manufactures infinitely variable transmission systems for all types of vehicles, said Thursday that since reporting results for the financial year ended March 31, in May trading has been in line with management's expectations and those of the market. MAIN FACTS: -Engineering support activities continue to be focused on major licensee programs with a high level of committed order values that will run throughout this financial year; Co continues to engage with a number of new and targeted prospects and with potential licensees. -Continues to have strong net cash resources providing a resilient level of financial capital to support the plan. -Shares at 1040 GMT unchanged at 24 pence valuing the company at GBP38.61 million. -By Ian Walker, Dow Jones Newswires; 44-20-7842-9296; ian.walker@dowjones.com (END) Dow Jones Newswires July 29, 2010 06:41 ET (10:41 GMT)