4 Nov 2009 10:00
4 November 2009
IndigoVision Group PLC
Annual General Meeting
IndigoVision designs and manufactures complete IP (Internet based digital technology) security and surveillance systems that allow businesses and governments to secure their assets and processes. The systems are very fast, highly robust, scalable and address all security and surveillance vertical markets.
At IndigoVision's Annual General Meeting being held at 10.00am this morning, Hamish Grossart, Chairman, will make the following statement:
''When we announced our annual results on 30 September 2009, we reported that sales for the first few weeks of the current financial year showed a mixed picture. That mixed sales pattern has continued throughout the first quarter.
In the three months to 31 October 2009, sales overall were marginally ahead of the corresponding quarter last year. Strong year on year growth in the UK, Asia Pacific, and Latin America was offset by lower sales in North America (which had a particularly buoyant first quarter last year), while sales in continental Europe maintained last year's figures.
The outlook for the second quarter is somewhat more encouraging, although patchy business confidence could continue to affect sales in some markets. We have carried out some re-phasing of planned research and development overhead increases, and will continue this until a more consistent pattern of sales growth is evident.''
Notes to Editors
About IndigoVision
IndigoVision is a leading manufacturer of complete end-to-end IP video security solutions. IndigoVision is widely chosen for applications in airports, city centers, retail, ports, mining & petrochem, road & rail systems, education, finance, casinos, law enforcement, government and the military. These enterprise-class systems improve organizations' operational efficiency, enhance public safety and enable timely emergency response. IndigoVision is headquartered in Edinburgh UK, with its own local sales and support people in 22 countries across the world. IndigoVision partners with some 290 authorized system integrators and installers in 64 countries to provide local system design, installation and service to end users.
Enquiries to:
| IndigoVision Group plc | |
| Oliver Vellacott (CEO) | |
| Marcus Kneen (CFO) | +44 (0)131 475 7200 |
| Brewin Dolphin Limited | |
| Sandy Fraser (NOMAD) | |
| Neil McDonald | +44 (0)131 529 0272 |
| Pelham Public Relations | |
| Archie Bernes | +44 (0)207 337 1509 / +44(0)7802 442 486 |
IND.L (IND)