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Carclo Sees Shares Rise On Positive Product News From Atmel

Thu, 6th Feb 2014 12:30

LONDON (Alliance News) - Carclo PLC shares rose 8.1% Thursday following a positive statement from Atmel Corp made during an analysts call after Atmel's full-year results Wednesday.

Carclo provides coated-film technology to California-based Atmel's XSense touch sensor products. Atmel expressed confidence for the XSense product, saying that although the business had ramped up slower than it had expected, it anticipated "significant growth" for the business in 2014 and beyond.

Carclo noted that "Atmel's growth expectations and increase in customer design activity in its XSense business" was positive news for its Inkjet Technology business, which provides the coated film technology.

Shares in Carclo were trading up 12.90 pence at 172.90p Thursday midday.

By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews

Copyright © 2014 Alliance News Limited. All Rights Reserved.

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