T42 Iot Track. Regulatory News (TRAC)

15 Mar 2007 13:09

Traction Technology PLC15 March 2007 TRACTION TECHNOLOGY PLC ("Traction" or "the Company") Annual General Meeting Statement Nick Brayshaw, Chairman of Traction Technology Plc, said at today's AGM: "Since listing on AIM in December last year, the Company has continued to focuson the design and delivery of its environmentally friendly, low emission SeriesDiesel Electric Hybrid engine system, aimed initially at the public transportsector. "Trials are being conducted on active routes with Transport for London operatorEpsom Coaches, on an Optare single-deck bus. The Company has upgraded andrefitted a further vehicle with Arriva North West that is operating onMerseytravel's CATCH Project. A trial is scheduled to begin next month inIpswich and in February the Company announced that another trial with buscompany Arriva Southern Counties ("Arriva SC") would commence shortly. "Arriva SC will run a single-deck bus in the Surrey and West Sussex areas, onactive routes, to gain real time experience and operational data on itsperformance with Traction's hybrid engine system. "The growing recognition of the environmental benefits that come from hybridvehicles - particularly for the stop-start urban cycle - coupled with increasingpolitical and regulatory pressures, leaves the Company well positioned forfuture success. "We look forward to maintaining the Company's position at the forefront ofhybrid technology development." All resolutions proposed at the AGM held today were passed. Ends Enquiries: Traction Technology plc Beaumont Cornish Limited Parkgreen CommunicationsNick Brayshaw, Chairman Roland Cornish Brendan McNamara / Lucy Lake+44 (0) 1403 791392 • +44 (0) 20 7628 3396 +44 (0) 20 7851 7480www.ttplc.co.uk Mob: +44 (0) 7742 545 601 This information is provided by RNS The company news service from the London Stock Exchange