LTC.L Regulatory News (LTC)

15 Oct 2007 07:01

Latchways PLC15 October 2007 Latchways plc New Product Launch Latchways, the designer and manufacturer of fall protection systems for workingat height, is pleased to announce the launch of its Retractable Lifeline productrange at the US National Safety Council exhibition beginning on 15th October inChicago. Retractable Lifelines are used to provide fall protection in a wide range ofwork situations. Typically attached to an anchorage point above the worker, theLifeline allows smooth controlled movement in any direction, but an internalbraking mechanism immediately locks in the event of a fall. Latchways' comprehensive range of Retractable Lifelines, which include a numberof patented features, reinvent the way Retractables perform, bringing a wholenew level of functionality and serviceability. Feedback from end users duringfield trials earlier this year has been exceptionally positive. The product range will be manufactured by Latchways and exclusively marketed inNorth America by Aearo Technologies, a global leader in the manufacturing andmarketing of personal protective equipment and energy absorbing materials.Gary Warren, President of Aearo Technologies, commented: "We are pleased to beworking closely with Latchways and believe we have an excellent opportunity togain significant market share with this new product range." David Hearson, Latchways CEO, also commented: "I am delighted that a companywith Aearo's reputation for product innovation and quality have partnered withus in the introduction of our new Retractable Lifeline range in North America. Iam especially pleased at their commitment to the product launch and roll outplans." Armstrong Transaction Services, a London based independent industry researchcompany, estimate the current US market for Retractable Lifelines is worthapproximately $90m per annum. The European launch of the product range is planned for early 2008. Enquiries:Latchways plc Threadneedle CommunicationsDavid Hearson, Chief Executive Graham Herring / Josh RoystonRex Orton, Financial Director Tel: 020 7936 9605Tel: 01380 732700 Notes to editors: Latchways plc is listed on the London Stock ExchangeLatchways plc designs, manufactures and sells a complete range of fall arrestsafety systems offering continuous protection to individuals working at height.The systems are sold worldwide through a network of trained installers and areused to provide worker safety on applications as diverse as buildings, bridges,telecommunications and electricity towers, industrial plants, entertainmentarenas, aircraft wings and offshore platforms. Latchways' systems may be fittedeither to new structures or retrofitted to existing ones. This information is provided by RNS The company news service from the London Stock Exchange