Last checked at 17 Mar 2020 13:22
For immediate release | 17 March 2020 |
Gooch & Housego PLC
("G&H" or the "Group")
Fremont Facility Update
Gooch & Housego PLC (AIM:GHH), the specialist manufacturer of optical components and systems, announces that it has temporarily closed its Fremont, California facility until 7 April 2020. This follows a legal order issued by the public health officers of Alameda county, California requiring all residents of the county to shelter at home for three weeks beginning 17 March 2020 in order to limit the spread of the COVID-19 virus.
During this period staff from the Fremont facility who are able to homework will do so.
This action will shift the balance of revenue generated at our Fremont site to an increased H2 weighting.
Further updates will be provided as and when appropriate.
For further information contact: -
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Mark Webster/Chris Jewell | Gooch & Housego PLC | 01460 256440 |
Mark Court /Charlotte Slater | Buchanan | 020 7466 5000 |
Chris Baird/ Patrick Robb/ David Anderson | Investec Bank plc | 020 7597 5970 |
Notes to editors
1. Gooch & Housego is a photonics technology business headquartered in Ilminster, Somerset, UK with operations in the USA and Europe. A world leader in its field, the company researches, designs, engineers and manufactures advanced photonic systems, components and instrumentation for applications in the Aerospace & Defence, Industrial, Life Sciences and Scientific Research sectors. World leading design, development and manufacturing expertise is offered across a broad range of complementary technologies.
2. All financial information included in this announcement is sourced from unaudited management accounts and excludes any specific items. This announcement contains certain forward-looking statements that are based on management's current expectations or beliefs as well as assumptions about future events. These are subject to risk factors associated with, amongst other things, the economic and business circumstances occurring from time to time in the countries and sectors in which G&H operates. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a wide range of variables which could cause actual results, and G&H's plans and objectives, to differ materially from those currently anticipated or implied in the forward-looking statements. Investors should not place undue reliance on any such statements. Nothing in this announcement should be construed as a profit forecast.