AGM Statement

RNS Number : 6104L

Carclo plc

06 September 2012

 



For immediate release                                                                                6 September 2012

Carclo plc

AGM Statement

At the Annual General Meeting to be held at 3pm today the Chairman will read the following statement:

"On 16 August 2012, we issued an Interim Management Statement ("IMS"). This confirmed, and we now reiterate, that trading continues in line with the board's expectations and that we are looking forward to another year of progress across all of our business streams.

At the time of the IMS, Conductive Inkjet Technology had orders in hand for September 2012 shipments of touch sensors for a smartphone. This first shipment would be followed shortly afterwards with higher volume shipments for a tablet computer. This week the lower volume order for the smartphone touch sensors has been placed on hold pending resolution of a product design issue. It is now more likely that the first production shipment will be for the tablet product in the fourth quarter of 2012, triggering the prepayment from our commercial partner, also in the fourth quarter, as outlined in the IMS.

A half year trading update will be issued during the week commencing 8 October 2012".

- ENDS -

Enquiries:
Carclo plc	01924 268040
Ian Williamson, Chief Executive
Robert Brooksbank, Finance Director
Weber Shandwick Financial	020 7067 0700
Nick Oborne / Stephanie Badjonat / Robert Cook

Notes to editors

Carclo plc is a technology led plastics group. It is a public company whose shares are quoted on the London Stock Exchange.

Two thirds of sales are derived from the supply of fine tolerance, injection moulded plastic components, which are used in medical, optical and electronics products. This business, Carclo Technical Plastics, operates internationally in a fast growing and dynamic market underpinned by rapid technological development.

A third of sales are derived from the supply of specialised precision products to the premium automotive and aerospace industries. Carclo is a leader in the development of high power LED lighting for supercars.

Carclo's strategy is to develop new technologies and products to drive future growth. Its investment in Conductive Inkjet Technology is at the heart of the newly emerging market for very low cost printed electronics.

 

END

 

 

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