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AGM Statement

9 Dec 2011 07:00

RNS Number : 6191T
Artilium PLC
09 December 2011
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9 December 2011

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Artilium plc

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AGM Statement

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Artilium Plc (AIM:ARTA) ("Artilium" or the "Group"), the AIM-quoted provider of innovative Telecommunications Software and Solutions, will today hold its AGM at 12.00 noon at the offices of Morrison & Foerster (UK) LLP, 7th Floor, Citypoint, One Ropemaker Street, London EC2Y 9AW.

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Adriaan Reinders, Executive Chairman of Artilium, will make the following statement on the Group's current trading:

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"As indicated in the announcement on 25 October 2011 at the time of our preliminary results for the year ended 30 June 2011, we are encouraged by the progress being made by the Group. Since the year end, we have continued the steady progress towards full implementation of an 'Operational Expenditure' business model, resulting in an increasing level of recurring revenue, which has in turn underpinned our confidence in the future growth of the business.

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On 3 November 2011, the Group announced that it had signed a memorandum of understanding with SafeLinQ International BV ("SafeLinQ"), enabling the formation of a global partnership to jointly deliver innovative Location Based Services. This was one of several new agreements entered into since the year end in line with the Group's focus on geographic expansion and increased enterprise sector exposure. SafeLinQ has a strong presence in the Netherlands, UK, Spain and the United States. Artilium's 'Presence Places' is the first location service without maps, bringing "it just works" simplicity to location services on smartphones, features phones and cloud apps. Smartphone clients showcasing this new technology will be published from January 2012 starting with an Android version and followed shortly thereafter by iPhone and BlackBerry versions.

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Artilium has appointed the Strategic Communications practice at FTI Consulting to deliver a comprehensive corporate communications program in the UK, as well as Gartner, the global leading technology research firm, in order to improve the Group's industry recognition of its product development program. In addition, UK based Comverge Consulting Limited has also been appointed as a sales partner and it is expected that additional sales partner appointments will be made over the coming months.

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Other initiatives currently being implemented by the Board include the strengthening of the management team, which has provided greater commercial focus, demonstrating the movement from stabilisation to growth, and improving operational procedures to maintain the Group's technical leadership."

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For further information contact:

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ArtiliumΒ PLC

Β +32Β 50 230 300

Adriaan Reinders, Executive Chairman

Peter CA de Jong, Executive Director

Arbuthnot Securities

Β +44Β 20Β 7012Β 2000Β 

Antonio Bossi

Ed Groome

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About Artilium

Artilium is publicly quoted on the AIM market of the London Stock Exchange and has offices in Belgium and the United Kingdom. Founded in 1995, Artilium helps fixed and mobile telecom operators to quickly and affordably deliver tailor-made products to many niche markets through its scalable software-based service platform, ARTA. Being exclusively grounded on Microsoft technology, ARTA provides a platform that enables the integration of telecom and IT infrastructures while opening up to third-party developers to deliver a potentially unlimited range of consumer and enterprise applications. Artilium currently has clients in 11 countries that service millions of end users.

This information is provided by RNS
The company news service from the London Stock Exchange
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