Uk Oil & Gas Regulatory News (UKOG)

20 Dec 2005 07:01

Sarantel Group PLC20 December 2005 Embargoed until 7:00 20 December 2005 Sarantel Group PLC ("Sarantel") Trading Update In September 2005, Sarantel announced a substantial order for the North Americansatellite radio market, with volume shipments expected to commence in the firsthalf of the Company's financial year beginning 1st October 2005. Sarantel has now been informed that the programme has been delayed for reasonsnot related to its antenna and new shipments dates are still to be confirmed. Itis unlikely that volume shipments will begin before the end of March 2006. The Company will produce antenna for stock during the next three months to meetthe demand from the satellite radio customer when it arises. As a consequence of the above, the Board expects first half revenues to bematerially below market expectations, but not less than those in the first halfof the prior year. A further trading update will be given at the AGM on 3rd February 2006. For further information please contact: Sarantel Group PLC www.sarantel.comDavid Wither, CEO/Sitkow Yeung, CFO 01933 670560 Arbuthnot 020 7012 2102Richard Dunn Smithfield 020 7360 4900Sara Musgrave Pictures are available for the media to view and download from www.vismedia.co.uk About Sarantel Sarantel designs, manufactures and sells patented, ceramic, filtering antennasfor use in portable wireless devices such as PDAs, laptops and smart phonedevices. These antennas solve a performance impairment problem that is faced byconventional antennas, by reducing the amount of energy that is absorbed intothe body by approximately 90 per cent. The Sarantel technology thereforeprovides a stronger and clearer signal to enable better product performance andalso more attractive product styling. The antennas simplify system design, thusallowing design standardisation and reduced time to market and cost formanufacturers. In April 2005, Sarantel announced an agreement with TomTom to supply itsGeoHelix GPS antenna for use in TomTom's newest navigation solutions, TomTomMOBILE 5 for mobile phones and TomTom NAVIGATOR 5 for PDAs. The GPS receiver isso sensitive it can be placed in a pocket or bag, without line of sightrequired, ensuring reliable reception in urban areas or next to the body.As well as GPS, Sarantel's antennas can service multiple wireless marketsincluding; Wi-Fi, 3G, satellite radio, and Bluetooth. In September 2005,Sarantel announced a substantial order to supply its antenna technology to aNorth American satellite radio Company.Sarantel listed on AIM, a market operated by the London Stock Exchange, on 2ndMarch 2005. Sarantel is included in the IT Hardware sector (93) within theTelecommunications equipment sub-sector (938) and has a RIC code of SLG.L This information is provided by RNS The company news service from the London Stock Exchange