Softcat Regulatory News (SCT)

30 Oct 2006 07:02

Screen Technology Group plc30 October 2006 For Immediate Release 30 October 2006 SCREEN TECHNOLOGY GROUP PLC (the 'Company' or "Screen Technology") ITrans screens installed in Virgin Megastores Screen Technology Group plc, the designer and manufacturer of revolutionaryhigh-resolution large-screen displays for high ambient light environments, todayannounces an agreement to supply its ITrans screen displays initially to 16Virgin Megastores in the UK. Under the terms of a contract with Digital Screen Networks ("DSN"), 16 ITransdigital displays, will be provided for use as a window-based in-storeadvertising tool in Virgin Megastores in the UK. Two displays have already beeninstalled and are operating in Virgin's flagship stores in Piccadilly Circus andBirmingham New Street. A third is being installed in Virgin's ManchesterArndale Centre Megastore in time for the Centre's official re-opening inNovember. The remaining 13 units will be shipped to DSN by the end of the yearin time for installation to commence in Megastores around the country early inthe New Year. The 63 inch screens will promote brands, films and products to the considerablefootfall alongside the Virgin Megastores. Advertising on the screens is beinghandled by Digital Screen Networks which has a five year agreement with Virginto promote advertising content and which works closely with Virgin's brandingagency, Sequoia. Microsoft X Box, Sony Pictures and EMI are already using thenew screens for their advertising content. ITrans, the unique new technology behind Screen Technology's displays, delivershigh-resolution, high-quality images, visible from short and long distances indaylight. Screen Technology has recently commenced commercial production ofITrans displays and, with its first high speed production machine currentlybeing commissioned, it will soon be able to accept a greater number of orderssimilar to this. Current Trading The pipeline of sales opportunities for ITrans continues to build. In addition,the company is in advanced discussions with a number of OEM's and is lookingforward to making a further announcement shortly. The timing of these agreementsis not certain but the Board expects revenue for the period ending 31 December2006 will be in the range £800,000 - £1,250,000. The Board is also expectingsubstantial growth in 2007. Tom Jarman, Chief Executive of Screen Technology, commented: "We are delightedto be supplying our displays to such a high profile brand as Virgin, which willput our innovative screens in front of millions of people across the UK. Theroll-out programme of our screens throughout Virgin Megastores is a significantendorsement of our market leading technology. "Since our flotation in 2005 we have been gearing up for the mass production ofITrans and we are now beginning to see the benefits from this period ofdevelopment. We look forward to announcing further orders as we begin the majorpush forward into the commercialisation phase of the business and maximise thebenefits of our new high speed production capabilities. We look forward toupdating shareholders on further developments." Screen Technology Group plc www.screentechnology.comThomas Jarman, CEO 01223 559600Simon Barton, Finance Director Buchanan Communications 020 7466 5000Isabel Podda Notes to Editors Screen Technology Screen Technology is the designer and manufacturer of revolutionaryhigh-resolution large-screen displays designed for high ambient lightenvironments. The high resolution and high definition of the Company's displays give ahigh-quality image suitable for advertising images and video as well as publicinformation displays. They are visible at short viewing distances as well asacross larger venues making them particularly suitable for large retail outlets,shopping malls, control rooms and transport concourses where customers might bewithin 10m of the display, a distance at which LED display technologies becomeunsuitable. The high brightness means that the displays are also easily visiblein the kind of high ambient light environments where conventional LCD or plasmatechnologies become unusable. Screen Technology's patent protected technology uses moulded optical fibre tilesto produce seamless large displays using standard production LCD panels. Thescaleable modular technology enables screens to be built in a wide variety ofshapes and of theoretically unlimited size. Screen Technology Group plc listed on AIM, a market operated by the London StockExchange, on 1 August 2005. This information is provided by RNS The company news service from the London Stock Exchange