Servelec Group Regulatory News (SERV)

13 Apr 2006 07:01

Servocell Group PLC13 April 2006 SERVOCELL GROUP ("THE GROUP" or "THE COMPANY") Partnership Programme speeds product launch Servocell develops innovative, proprietary devices under the Active Latch brand that control the movement or motion of mechanisms, such as locks, with low energy inputs. Servocell is pleased to announce that Helmsman, the UK leading locker andcabinet manufacturer, will launch its new locker security product incorporatingServocell's active latch component three months earlier than anticipated. Thisproduct will be available in the market shortly. This is a significant achievement for Helmsman as it represents the first timeit has made its own locks via working with DSM Soft, an internationalengineering consultancy and the newest recruit to Servocell's ProActivePartnership. This development endorses the rationale behind Servocell's ProActive Partnershipas it encourages joint development across different engineering systems and inturn reduces costs. Simon Powell, Chief Executive of Servocell commented: "I am delighted that Servocell's ProActive Partnership has been so beneficial toHelmsman. This type of product development is exactly why the Partnership wascreated and provides an effective forum within the lock industry for productdevelopment while reducing costs via joint development initiatives". Enquiries: Servocell Group Simon Powell, CEO 01279 621 500 Steven Weaver , CFOBell Lawrie Ian McInally 0141 221 7733Biddicks Shane Dolan 0207 448 1000 Note to editors: Servocell's Active Latch devices are based around piezo actuators thattraditionally have high cost and limited movement. Through the application ofnovel techniques in design and manufacture, Servocell's products generaterelatively large movements and motion with low energy inputs. Active Latches aredesigned to provide lock manufacturers with a finished module that can be easilyintegrated into their product suite. Servocell's Active Latch products have already been commercially launched andtarget the expanding electromechanical sector of the global locks markets, whichis valued at $30 billion in annual sales. Servocell's current product suite consists of:- * Active Latch 1 (AL1) - released in September 2003; and* Active Latch 2 (AL2) - released in September 2005. Helmsman Founded over 200 years ago, Helmsman is now the UK's leading provider of highquality lockers, cubicles and changing room furniture. The company has 120employees and a turnover of £8.5m pa. Helmsman operates internationally througha network of distributors. Helmsman has achieved full accreditation to ISO 9001:2000 at its Bury St Edmunds factory and Investors in People accreditationthroughout the company. Helmsman designs, builds and manufactures its ownproduct portfolio. DSM Soft (P) Ltd DMS Soft (P) Ltd was set up in 1991 to offer CAD conversion services. Thecompany now employs over 800 people. Its services now include CAD/GIS datacapture and conversion, digital photogrammetry, software development and 3Dengineering modelling. In August 2002, a long working relationship with Survey &Development Services Ltd in Scotland was formalised with the creation of DSMGeoData Ltd, a world-class provider of Geospatial Engineering services. This information is provided by RNS The company news service from the London Stock Exchange