Last checked at 1 Sep 2011 07:00
1 September 2011
Sarantel Group PLC
Production orders for highly integrated GeoHelix GPS antenna
Sarantel Group PLC (AIM: SLG, 'Sarantel' or 'the Group'), a leading manufacturer of high-performance, miniature filtering antennas for mobile and wireless devices, has received production orders for its highly integrated SL1206 GPS antenna for a compact radio system that is embedded inside body armor designed for soldiers.
This innovative product was developed by a leading European electronics company that supplies a wide range of defense and homeland security products throughout the world.
The Board believes this contract has the potential to generate revenues in excess of $1 million per year and expects these revenues to recur for more than five years, making it one of the largest design wins to date for Sarantel.
David Wither, CEO of Sarantel, said:
"This is one of the most significant defense contracts Sarantel has secured to date and the third major military contract the company has won in the last four months. This deal is another great endorsement of Sarantel's technology in demanding, performance critical applications.
"Sarantel continues to execute its strategy of driving sales growth in high value antenna products and is building a solid foundation for the business in this key market segment. This milestone contract win is expected to have a long term, material impact on our revenues."
Enquiries
Sarantel Group PLC | 01933 670 560 |
David Wither, Chief Executive Officer | |
Nicola Malyon, Chief Financial Officer | |
Seymour Pierce | 020 7107 8000 |
John Cowie/Freddy Crossley, Nominated Adviser David Banks/Paul Jewell, Corporate Broking | |
College Hill | 020 7457 2020 |
Kay Larsen/Rozi Morris |
About Sarantel - (www.sarantel.com)
Sarantel is a leader in the design of high-performance miniature antennas for portable wireless applications. Sarantel's revolutionary ceramic filtering antennas offer dramatically improved performance over existing antenna designs, resulting in a clearer signal, better range and a 90per cent reduction in the amount of signal radiation absorbed by the body. Because of their smaller size and higher capabilities, Sarantel's antennas enable manufacturers to create innovative wireless products for the GPS, WiMax, Satellite Radio and Satellite phone markets.