MED.L Regulatory News (MED)

21 Dec 2007 07:01

MicroEmissive Displays Group PLC21 December 2007 For release: 21 December 2007 MicroEmissive Displays Group plc ('MED' or 'the Company') Trading Update Ahead of its year end on 31 December 2007, MED, the AIM listed designer andmanufacturer of low power microdisplays gives the following update to themarket. Following the fundraising completed in October 2007, the Company hascommenced volume shipments from its manufacturing facility in Dresden, and isnow delivering product to customers despite having experienced delays over thelast quarter with a key supplier matching volume output from the Dresdenfacility, an issue which has now been resolved. Manufacturing output andyields continue to grow in line with expectation. Bill Miller, CEO commented: "The market for the Company's eyescreenTM technologyremains buoyant and MED continues to generate ongoing design wins and bookorders. The unique attributes of our technology should enable us to continue togrow our order book into 2008 and beyond and we believe that the Company is ontrack to be profitable on a month on month basis during the second half of 2008." The Company will announce its preliminary results for the year ending 31December 2007 in the second half of February 2008. -ends- For further information, please contact: www.microemissive.com MicroEmissive Displays 0131 650 7764Bill Miller, Chief Executive Tavistock Communications 020 7920 3150Matt Ridsdale Arbuthnot Securities 020 7012 2000Neil KirtonJohn Prior This information is provided by RNS The company news service from the London Stock Exchange