IND.L Regulatory News (IND)

13 January 2020

IndigoVision Group plc

("IndigoVision", the "Company" or the "Group")

Period End Trading Update

The Board of IndigoVision is pleased to report that sales for the financial year ended 31 December 2019 were $50.1m, representing a 9% increase over 2018. Gross margins were maintained in line with prior year and with strong cost control, the Company expects to report operating profit and EBITDA in line with market expectations.

Following the drawdown of $2.7m of the new bank facility to fund the cash consideration for the acquisition of AgoraSys SA, completed in November 2019, net cash in hand at 31 December 2019 was $2.0m.

The Company's preliminary results for the year ended 31 December 2019 will be published on 5 March 2019.

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Notes to Editors

About IndigoVision

IndigoVision is a leader in the design and supply of high performance, highly-intelligent video security systems for security installations of differing sizes and complexity. From video capture and transmission to analysis and storage, IndigoVision's networked video security systems provide the best quality and most secure video evidence, using market leading compression technology to minimise bandwidth and reduce storage costs.

IndigoVision's technology is ideally suited for use in mission critical facilities such as government, oil and gas, transport, cities, industry, retail, education, police, prisons and casinos to improve public safety, protect assets, develop organisations' operational efficiency and support law enforcement.

IndigoVision has sales and support teams in 24 countries with its headquarters in Edinburgh and regional offices in New Jersey, Toronto, Dubai and Sao Paulo. IndigoVision partners with a network of some 1,200 trained and authorised IndigoVision resellers to provide local system design, installation and servicing to IndigoVision's system users.