Uk Oil & Gas Regulatory News (UKOG)

13 Feb 2008 08:48

Sarantel Group PLC13 February 2008 13 February 2008 SARANTEL GROUP PLC Product and trading update Sarantel (AIM: SLG, 'the Company'), the leading manufacturer of revolutionaryfiltering antennas for mobile and wireless devices, has started deliveringprototype production quantities of the world's smallest stand alone GPS antennato a major Asian consumer OEM, as the Company continues to make good progress. Sarantel's new antenna is the 3rd generation of GPS antennas developed andrequires 60 per cent. less volume (space) than the previous generation, whilemaintaining comparable performance. Sarantel expects this new antenna to beembedded into a wide variety of small, highly integrated, lightweight handportable mobile devices. It is 12mm long and 7.5mm in diameter. The Board believes that this development coupled with an encouraging customerpipeline positions the Company well for strong growth in its core GPS business. As announced on 12 November 2007, the Company continued to reduce its cost baseand the monthly amount of cash required as the order book builds. At 31 January2008 cash balances stood at approximately £1.4 million (of which £0.6m was heldto secure leasing liabilities). The Company is pursuing a range of financingoptions and shareholders will be kept informed of developments. David Wither, Chief Executive of Sarantel said: "This prototype product is a dramatic step forward in technology and is acompelling solution for multiple applications, where consumers look to have GPScapabilities in a broader range of mobile devices. "We are very excited by the developments in our GPS business and with the rangeof customers who are now evaluating the Sarantel antenna solutions." Enquiries: SarantelDavid Wither, Chief Executive Officer 01933 670 560Sitkow Yeung, Finance Director Ambrian 020 7776 6423Tim Goodman College Hill 020 7457 2020Adrian Duffield/ Ben Way Notes to Editors: Sarantel (www.sarantel.com) Sarantel is a leader in the design of high-performance miniature antennas forportable wireless applications including hand-held navigation, satellite radioand laptop computers. Sarantel's revolutionary ceramic filtering antennas offer dramatically improvedperformance over existing antenna designs, resulting in a clearer signal, betterrange and a 90 per cent reduction in the amount of signal radiation absorbed bythe body. Because of their smaller size and higher capabilities, Sarantel's antennasenable manufacturers to create innovative high-volume consumer productsincorporating technologies such as GPS, Wi-Fi, WiMax, 3G, GPRS, Satellite Radioand Bluetooth. This information is provided by RNS The company news service from the London Stock Exchange