Less Ads, More Data, More Tools Register for FREE

AGM Statement

25 May 2005 12:01

Vislink PLC25 May 2005 Vislink plc Annual General Meeting trading update - Wednesday 25th May 2005 Vislink plc ("the Group"), the leading supplier of microwave radio and satellitetransmission products for the broadcast and security markets and of CCTV systemsfor the marine security market, held its Annual General Meeting today. The Chief Executive Ian Scott-Gall made the following announcement to theshareholders present at the meeting. The Group has made a promising start to the year. The Group's trading is in linewith expectations and is significantly ahead of the previous year. The orderinflow has been particularly good for MRC in the domestic US markets and forHernis in its marine safety market. The Board is pleased to announce that MRChas been awarded an order in excess of $4 million for its TSSR US militaryradios. Link Research Limited, which was acquired by the Group on February 11th 2005,has made a good start. Link has now been accepted on the 2GHz programme as asupplier for wireless camera systems and continues to win new business. Its newvideo cellular diversity wireless camera system was used for the first time toprovide coverage for the recent University Boat Race. The UK business is now seeing stronger international demand although the markethas remained competitive. The large contract in Venezuela is expected tobenefit the second half of the year with completion in the fourth quarter. Hernis has made an encouraging start to the year with orders and operatingprofits in line with expectations. Hernis has seen growth in its Far Eastmarkets with significant orders for both marine and offshore oil and gasprojects. In summary, the Board is encouraged by the current level of trading and looksforward to the rest of the year with enthusiasm and confidence. -Ends- For further information on Wednesday May 25th 2005, please contact: Ian Scott-Gall 01488 685500Chief Executive, Vislink plc James Trumper 01488 685500Group Finance Director, Vislink plc This information is provided by RNS The company news service from the London Stock Exchange

Related Shares

Back to RNS

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.