Zytronic Regulatory News (ZYT)

26 October 2022

Zytronic plc

("Zytronic" or the "Company")

Board Update

Zytronic, a leading specialist manufacturer of touch sensors, provides the following update.

Further to the announcement made on 4 October 2022, David Buffham has indicated his intention to retire from the Board with effect from 31 October 2022, on the grounds of ill health. The Board would like to express its gratitude to David for his years of support and guidance over his tenure.

Mark Cambridge will continue to act temporarily as Executive Chair and the Board will continue its search for at least one further independent non-executive director in order to comply with the QCA Corporate Governance Code.  The Board will update the market in due course.

During this interim period and to provide additional control in the conduct of Board business, the Directors have agreed that a quorum will not ordinarily be established at a meeting constituted of solely Executive Directors. It has further agreed among its current members that all Board decisions during this time will either be agreed unanimously, or one of the Executive Directors will abstain from voting on the matter in question and the Independent Non-executive Director will therefore carry the casting vote.

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About Zytronic

Zytronic is a world-renowned developer and manufacturer of a unique range of internationally award winning optically transparent interactive touch sensor overlay products for use with electronic displays in industrial, self-service and public access equipment.

Zytronic's products employ a sensing solution that is readily configurable and embedded in a laminate core that offers significant durability, environmental stability and optical enhancement benefits to system designers specific requirements.

Zytronic has continually developed process and technological know-how and IP since the late 1990's around two sensing methodologies; the first being single touch self-capacitive which Zytronic markets as PCT™ ("Projected Capacitive Technology") and the second being multi-touch, multi-user mutual-capacitive which Zytronic markets as MPCT™ ("Mutual Projected Capacitive Technology"), in which Zytronic holds five granted patents.

Zytronic operates from a single site near Newcastle-upon-Tyne in the United Kingdom. Zytronic is relatively unique in the touch eco-system as it offers a complete one-stop solution from processing internally the form and factor of the glass substrates, assembles their touch overlay products to customers specific requirements, in environmentally controlled cleanrooms and develops the bespoke firmware, software and electronic hardware to link the interactive overlays to customer's integrated systems and products.