AGM Statement

10 Jan 2006 07:00

Croma Group PLC10 January 2006 10 JANUARY 2006 CROMA GROUP PLC ("Croma" or "the Group") AGM STATEMENT At yesterday's Annual General Meeting ("AGM") of Croma, the AIM listed specialists in the design, development and production of overt and covert surveillance, security and defence related products, where all of the resolutions were duly passed, Chairman & CEO, John French, made the following comments: "Before I begin addressing the formal part of today's meeting, I would like tothank both shareholders and employees for their continued support andassistance. It has been a highly active period for the Group. Croma enjoyed a record order book, and conditional contracts have been exchangedfor the two acquisitions announced in December where, since then, constructiveprogress has been made in terms of the due diligence. The Group is hopeful tomake a full and detailed announcement, on this matter, later this month. The Group's Head Office has now relocated to Hereford, with the Croma Defenceoperation incorporating Croma-Shawley, based in Risca, South Wales. Managementchanges made at Croma Defence at the beginning of the first half are showingbenefits in terms of improved efficiency which, together with the enhanced orderbook and recent contract wins, has given the Group a much improved performancein terms of current trading. Croma continues to provide innovative and quality solutions to meet escalating demand with their existing surveillance & counter surveillance products, systemsand services. The Group's growing, and current, portfolio includes innovative applications ranging from the King IPT 765, the first ever integrated wireless camera mount; WASP, a stand-alone wireless CCTV system for remote or temporary locations; through to solutions within the Group's R & D Design Services Ltd division, which has a leading reputation within the Avionics and Defence Industries, and also provides a range of proven airborne, maritime and ground-based surveillance solutions to many police, search & rescue, military and government organisations at home and abroad." --ENDS-- Enquiries: Croma Group plcJohn French, Chairman & Chief Executive Mobile: 07836 722 482 Bishopsgate Communications Ltd. Tel: 020 7430 1600Dominic BarrettoSophie Davis This information is provided by RNS The company news service from the London Stock Exchange