AMO.L Regulatory News (AMO)

5 Dec 2007 07:00

Amino Technologies PLC05 December 2007 FOR IMMEDIATE RELEASE 5 December 2007 AMINO TECHNOLOGIES PLC PERIOD END TRADING UPDATE Amino Technologies plc ("Amino" or; stock code: AMO), the Cambridge basedbroadband network software and systems group, presents a brief update on tradingfollowing the recent end to its financial year on 30 November 2007. Amino is pleased to report that trading during the second half of the yearprogressed well. Total unit shipments for the year showed strong growth with thegreater part continuing to be based on MPEG-2 technologies. Sales of the higherpriced MPEG-4 products are now gathering momentum, comprising approximatelyone-fifth of total shipments during the year. Profit at both the operating andpre-tax level show a strong turn round from the losses of last year and areahead of market expectations. Combined with improvements in working capital andreceipt of payable R&D tax credits, the improved profitability has resulted inAmino's net cash balances increasing to approximately £17.0 million as at 30November 2007 (November 2006: £14.0 million). Keith Todd, Chairman, commented: "We are pleased to have delivered on the promise made at the half-year stagethat we would build on a firm foundation to achieve improved financialperformance during the second half year and look forward to the future withrenewed confidence." Announcement of final results The final results for the year ended 30 November 2007 are expected to beannounced towards the end of January 2008 in accordance with Amino's usualtimetable. Ends About Amino Amino Technologies plc (www.aminocom.com) designs and supplies electronicsystems, software and consultancy for IPTV (telco triple-play applications),on-demand video and in-home multimedia distribution. Amino is partnered with world-leading companies in systems integration, middleware, conditional access, silicon, head-end systems and browser technologies. Ends CONTACTS Amino Technologies: 01954-234100Keith Todd, Chairman www.aminocom.comBob Giddy, Chief ExecutiveStuart Darling, Finance Director Bankside: 020-7367-8888Steve Liebmann or Simon Bloomfield KBC Peel Hunt Ltd. 020-7418-8900Julian Blunt This information is provided by RNS The company news service from the London Stock Exchange