Applied Nutrition PLC Regulatory News (APN)

19 Apr 2007 07:01

Appian Technology PLC19 April 2007 Appian Technology plc - Ticker: APN / Index: AIM/ Sector: Electronic 19th April 2007 Appian Technology plc ("Appian" or the "Company") TRADING UPDATE Appian Technology plc, the AIM-traded provider of Automatic Number PlateRecognition Systems ("ANPR") and traffic management products and solutions, ispleased to announce a trading update for the six months to 31 March 2007. TheCompany expects to announce its interim results on Monday 25 June 2007. Trading The Company has seen a significant increase in orders and business in hand forthe first six months trading and expects to report a substantial increase inturnover for this period compared to the corresponding period in the previousfinancial year. The pipeline of sales prospects continues to grow and the Boardand management are looking forward to further progress in the second half. In line with the Board's expectations, administrative costs relating to salesand marketing have increased compared to the corresponding period in theprevious financial year, principally due to the continued development of theCompany's international markets. Research and product development costs havealso increased in the period, in line with expectations, as a result of wideningAppian's products and customising them for international markets. Product Development Research and product development is a crucial part of the Company's growthstrategy to increase its product range and market penetration. To this end,significant progress has been made to improve Appian's strategic position in themarket and in transitioning the Company's business towards the supply ofproducts rather than solutions. During the first half, Appian introduced a new range of COBRA cameras, whichhave received an excellent response from its customer base. The Company isencouraged by the performance and level of initial orders for thismarket-leading and innovative product range. To date, the COBRA camera has beeninstalled in three high profile sites in the UK. Appian is continuing the development of innovative new products that are marketfocused and plans to launch three new products in the second half of the year. Malta Congestion Charging Scheme The congestion charging scheme in Malta was installed in the first quarter of2007. The Company will benefit from a revenue share from this scheme for a tenyear period commencing in May 2007 when the scheme is expected to go intooperation. Genesis (UK) Ltd The integration of Genesis (UK) Ltd, which Appian acquired in July 2006, hasprogressed well and has delivered considerable benefits to the Company in termsof additional products, broadening the spread of business and coverage in the UKand increased management resources in sales and development. Future Prospects The Board and senior management are optimistic about the prospects for theCompany based on the growing market for ANPR internationally, an increasingbusiness pipeline and an expanding product range. * * ENDS * * For further information please visit www.appian-tech.com or contact: Pat Ryan Appian Technology plc Tel: 01628 554750 Tom Keene Appian Technology plc Tel: 01628 554750 Hugo de Salis St Brides Media and Finance Ltd Tel: 020 7242 4477 Simon Clements John East & Partners Limited Tel: 020 7628 2200 David Worlidge John East & Partners Limited Tel: 020 7628 2200 Notes to Editors Appian Technology Plc is a leading provider of Automated Number PlateRecognition (ANPR) based enforcement, crime reduction, counter terrorism (CT)and traffic management systems and products. It provides these products to adiverse growing global market, helping governments, local authorities, nationaland international police forces and commercial organisations in all aspects ofsecurity, surveillance and traffic management. Appian's key products include its world leading Talon ANPR software as well asthe recently launched range of Cobra ANPR cameras. The Company has an active R&D department, which continues to develop and customise new products for theglobal market international markets. This information is provided by RNS The company news service from the London Stock Exchange