Xp Power Regulatory News (XPP)

26 May 2010 10:15

27 May 2010 XP Power Limited ("XP Power" or "the Group") Trading Update

XP Power, one of the world's leading developers and manufacturers of critical power control components to the electronics industry, commented in its recent Interim Management Statement, released on 12 April 2010, that "With recovery in its main markets continuing, XP has entered the second quarter of 2010 in good shape. The rate of growth in revenue should accelerate in the second quarter as further customer programmes enter production and as conditions continue to normalise across our core Healthcare, Industrial and Technology market segments."

The Group is pleased to report that trading in the second quarter has been robust, with revenue growth accelerating as global market conditions have continued to improve and with the technology sector, in particular, showing significant increases in customer activity. Strong growth in current and forecast demand from the Group's major customers now indicates an increase in revenue for this year of between 18% and 22%. Consequently, the Board anticipates that Group profits for the full year will significantly exceed current market expectations.

XP Power will issue a trading update for the six months to 30 June 2010 on 5July 2010.Enquiries:XP Power Larry Tracey, Executive Chairman +44 (0)7785 387142 James Peters, Deputy Chairman +44 (0)7785 353066 Duncan Penny, Chief Executive +65 8322 9520 Citigate Dewe Rogerson +44 (0)20 7638 9571 Kevin Smith/Ged Brumby Note to editors

XP designs and manufactures power controllers, the essential hardware component in every piece of electrical equipment that converts the power from the electricity grid into the right form for the equipment to function.

XP typically designs in power control solutions into the end products of major blue chip OEMs, with a focus on the industrial (circa 50% of sales), healthcare (circa 30% sales) and technology (circa 20% of sales) sectors. Once designed into a program, XP has a revenue annuity over the life cycle of the customer's product which is typically 5 to 7 years depending on the industry sector.

XP has invested in research and development and its own manufacturing facility in China, to develop a range of tailored products based on its own intellectual property that provide its customers with significantly improved functionality and efficiency.

Headquartered in Singapore and listed on the Main Market of the London Stock Exchange since 2000, XP serves a global blue chip customer base from 27 locations in Europe, North America and Asia.