Pressure Tech Regulatory News (PRES)

30 Jul 2007 16:24

Pressure Technologies PLC30 July 2007 PRESSURE TECHNOLOGIES PLC ("PT" or "the Company") 30 JULY 2007 Trading Update High pressure seamless steel gas cylinder manufacturer Pressure Technologies plcannounces a trading update. Following a favourable sales outturn for July, the Directors anticipate that theperformance for the year ending 30 September 2007 will be ahead of expectations.Furthermore, the Company has continued to receive order commitments with theorder book now approaching £20 million, of which £16 million is scheduled fordelivery in 2008. This development, allied to a sustained flow of enquiries forquotation, has led the Directors to re-evaluate their expectations for 2008.Accordingly the Company expects that its results for the year ending 30September 2008 are likely to be significantly in excess of market expectations. Contacts: Pressure Technologies PLCJonathan Clark Finance Director 0114 242 7520 Brewin Dolphin Investment BankingNeil Baldwin Director 0113 241 0130 ENDS This information is provided by RNS The company news service from the London Stock Exchange