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12 Aug 2013 07:00
PeerTV PLC
("PeerTV" or the "Company")
Trading Update: Confirmation of Increase in Significant Order by Digitek
The board of PeerTV (AIM:PTV), a provider of technology solutions for the OTT (TV over the internet) market and PCB (printed circuit board) production solutions, wishes to update the market that its subsidiary company, Digitek SMT Assemblies, has received confirmation that the Purchase Order referred to in its trading update of 1st August 2013 has been increased to approximately $1 million.
The order has been placed by a newly acquired customer, based in Israel, which is a designer and supplier of advanced medical and control systems. The order is scheduled for delivery by the end of 2013.
Commenting on the confirmation of the enlarged order, Eitan Yanuv, the Chairman of PeerTV, said: "The Digitek team is making strong progress in capturing new customers and tailoring its offering to meet current market conditions. With larger scale projects such as this, we are investing in new equipment enabling Digitek to increase production capacity and the scope of assembly services it can offer."
Further enquiries:
PeerTV Plc
Eitan Yanuv, Chairman +972 974 07315
Libertas Capital Corporate Finance Ltd
Thilo Hoffmann/Sandy Jamieson +44 (0) 203 697 9499
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