POL.L Regulatory News (POL)

30 Mar 2005 07:01

Polaron PLC30 March 2005 30 March 2005 Polaron plc Trading update Further to the interim results announced on 2 March, the Board of Polaron makesthe following trading update: At the recent symposium hosted by the Company in Shanghai, 49 delegates frominstitutions throughout China were introduced to the 3D Atom Probe analysistechnique. We are also encouraged by requests from a number of commercialorganisations in the Far East for test data to be provided from customersupplied samples. Interest levels for the 3D Atom Probe in all our targetmarkets remains strong but the conversion rate of sales prospects into orders isproving slower than expected. The order cycle also remains difficult to predict.As a result of funding delays with two potential customers in academicestablishments, the Board does not expect to ship any further units in thecurrent financial year and consequently the results for the year ended 30 June2005 will be below current market expectations. The integration of the businesses acquired in our controls division is goingwell and restructuring is expected to be completed by the end of the financialyear. The Board is pleased to confirm that trading across the remainingdivisions continues within expectations. For further information, please contact: Polaron plc Tel: 01923 495513Joe Stelzer Financial Dynamics Tel: 0207 831 3113Juliet Clarke This information is provided by RNS The company news service from the London Stock Exchange