5 Mar 2009 16:29
5 March 2009
Pure Wafer plc
("Pure Wafer" or the "Company")
Trading Update
Swansea based Pure Wafer plc updates the market on current trading as follows:
"As previously notified, the outlook for the semiconductor industry remains difficult and the downturn is proving to be one of the most challenging ever experienced. This is resulting in problems at all levels throughout the industry, including many of our major blue chip customers posting losses and in some instances, seeking governmental assistance or being placed into administration.
"This has weakened expected demand and has led to a deterioration in current trading. The Company is presently having discussions with its major lenders regarding its cash and borrowing position. It will also be investigating new equity funding."
A further announcement will be made in due course.
| Enquiries: | |
| Pure Wafer plc | 01792 311 200 |
| Peter Harrington, Chief Executive Officer | |
| Stephen Boyd, Chairman | |
| | |
| Altium | |
| Phil Adams/Paul Lines | 0161 831 9133 |
| | |
| FD | 020 7831 3113 |
| Billy Clegg/Ed Westropp | |