Servelec Group Regulatory News (SERV)

17 July 2014

Servelec Group plc ("Servelec")

Trading Update

The Board of Servelec Group plc ("Servelec") is pleased to publish an update on trading for the six months ended 30 June 2014. 

Servelec has continued its positive progress over the financial period, is trading in line with expectations and has had notable successes by:

· being chosen as preferred supplier for a total of ten NHS Trusts for the provision of Mental Health or Community Health services under the Camden Framework.

· being awarded preferred bidder status for two Mental Health and Community Trusts from the North of England that have announced this year.

· continuing to build the order bank in Automation with a further four significant contract wins, totalling £3 million.

· creating a strong financial position with a cash balance of over £14 million as at30 June 2014. 

The building momentum in our Automation business together with our continuing success in the Healthcare software market supports our confidence for the full year.

The Board of Servelec Group plc ("Servelec") is pleased to announce that its half year results will be published on 28 August 2014. 

For further enquiries, please contact:

Notes to Editors

Servelec Group plc is a UK-based technology group, with significant intellectual property, providing software, hardware and services predominantly to the UK healthcare, oil & gas, nuclear, power, water, utilities and broadcast sectors.

Servelec Group has two divisions; Servelec Healthcare and Servelec Automation:

- Servelec Healthcare specialises in the design, development and implementation of Electronic Patient Record (EPR) and Patient Administration Systems (PAS) within secondary care settings and is a market leader in the Mental Health and Community Health sectors in England. It has three key products:

o RiO - an EPR software solution for the recording and documenting the provision of healthcare services.

o Oceano - a recently developed modular PAS and EPR software system handling care management in Acute Care settings.

o PICS - a rules-based clinical decision support software system developed by University Hospitals Birmingham for use in Acute Care hospitals supporting a range of specialities in inpatient and outpatient care settings.

- Servelec Automation provides complex, mission-critical control systems to large blue-chip companies mainly in the UK, focusing on the oil & gas, nuclear, power, water, utilities and broadcast industries. Servelec Automation also provides services from consultancy through to design, implementation, delivery, installation and on-going customer support and maintenance.