Softcat Regulatory News (SCT)

10 Nov 2005 07:00

Screen Technology Group plc10 November 2005 For Immediate Release 10 November 2005 Screen Technology Group plc Trading update Screen Technology Group plc ("Screen Technology"), the designer and manufacturerof innovative high resolution large-screen displays for high ambient lightenvironments, today provides an update on order pipelines for its products andtrading for the current financial year. The company's sales order pipeline has recently been significantly strengthenedas a result of demonstrations and exhibitions of its large display screensthroughout Europe, Asia and the UK. The product has generated a significantamount of interest from potential customers and distribution partners. Since the launch of ITrans, the Company has been involved in site demonstrationsand support to potential customers in the transport, control room and mediasectors that are already in the process of specifying major installations ofScreen Technology products expected to be valued at over £4 million. Totalquotations provided to potential customers to date are now in excess of £10million. These projects would be more than enough to take up the Company'sentire planned production capacity for 2006. The Company has been making enhancements to production processes to ensure thedelivery of consistent high-quality moulded optical parts, which it is nowproducing in larger volumes. Over recent weeks, the company has also focusedits currently limited production capacity on satisfying demand for demonstrationunits that have been used at venues around the world. Although demand has beenvery high for ITrans products, the effect of both these factors has been todelay some product shipments that were expected by the end of December into thefirst part of 2006. The Company is expecting to be able to satisfy orders witha value of about £100,000 for delivery in this calendar year. Reported figuresfor the year ending December 2005 will therefore show that sales will be belowcurrent market expectations. In line with expectations at flotation, two new assembly machines have beenordered with the first coming on stream early in the new year and a second muchhigher speed machine greatly increasing capacity towards the middle of 2006. Tony Kellett, Chief Executive said: "The reaction from our potential customers in Asia, Europe and the UK has beenexcellent at recent trade exhibitions and demonstrations. With additionalproduction capacity coming on stream early in the new year, we are lookingforward to ITrans being deployed by well known global customers in high-profilevenues in the near future." For further information please contact: Screen Technology Group plc www.screentechnology.comTony Kellett, CEO 01223 875500Simon Barton, Finance Director Buchanan CommunicationsIsabel Podda / Rebecca Skye Dietrich 020 7466 5000 Notes to Editors 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 screen 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