Last checked at 9 Dec 2009 13:46
RNS Number : 8477D
Scientific Digital Imaging Plc
09 December 2009
9 December 2009
SCIENTIFIC DIGITAL IMAGING PLC
(“SDI”, “the Company” or “the Group”)
12 MONTHS ON AIM
The Board of Scientific Digital Imaging plc, the digital imaging company, is pleased to update the market on its first 12 months of trading as an AIM quoted company. The Board is delighted to report that the Company’s performance has remained solid, despite the challenging economic environment.
Shares in the Company have performed well over the past 12 months. SDI came to the market on 8 December 2008 at 12.5 pence per share and with a market capitalisation £2.00 million and as of last close it had a share price of 17.25 pence per share and a market capitalisation of £3.11 million.
SDI came to the market during tough economic conditions and although the timing was not ideal, it has had no adverse affect on the Company’s long-term strategy.
The performance of the Company’s primary subsidiary, Synoptics, has remained strong, with particular progress in the United States, although Asia and notably China have also grown substantially. Updates to the high-end instruments sold by the Syngene division, and the new ProtoCOL 2 colony counter, launched by the Synbiosis division, have been well received across all of these territories.
The amateur astronomy market, served by the Artemis and Perseu subsidiaries, has held up particularly well during the economic downturn. The Atik group, as these companies are now known, has integrated well into the Group and continues to make a growing contribution, as it expands product lines and distribution channels. The number of staff employed by Atik has more than doubled since the acquisitions, and now includes notably more sales and development staff as we invest for the future.
Commenting on Scientific Digital Imaging’s first 12 months as a quoted Company, Chief Executive Officer, Phil Atkin said:
“We are delighted with SDI’s performance over the past 12 months. The first year as a quoted company is always going to be challenging, especially in a recession; however we believe that the Company has remained reasonably resilient and made some good progress. We are looking forward to many more years as a successful publicly quoted company.”
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FOR FURTHER INFORMATION
Scientific Digital Imaging plc 01223 727144
Harry Tee CBE, Chairman
Phil Atkin, CEO
www.scientificdigitalimaging.com
Grant Thornton Corporate Finance 020 7383 5100
Philip Secrett
Colin Aaronson
Astaire Securities 020 7448 4400
Lindsay Mair
Bishopsgate Communications 020 7562 3350
Will Tindall
Gemma O’Hara
sdi@bishopsgatecommunications.com
This information is provided by RNS
The company news service from the London Stock Exchange