Atmel Corporation Announcement

RNS Number : 0510J

Carclo plc

01 August 2012

 



Carclo plc ("the Company")

1 August 2012

Atmel Corporation Announcement

The Company notes the comments in respect of Xsense^TM (a touch sensor product based upon the Company's Conductive Inkjet Technology) made by Atmel Corporation ("Atmel") executives during the Analyst Earnings call that accompanied Atmel's Q2 Results on 31 July 2012.

Extracts from the transcript of the Earnings call are reproduced below:

"In April, Atmel unveiled its revolutionary new and unique film-based touch sense product called XSense. As a reminder, XSense is based on proprietary, fine line metal mesh technology and is a high-performance alternative to traditional touch sensors most commonly used today. Last quarter, we mentioned we were sampling XSense with customers and the response to date has been very positive. We are on schedule for qualification of the product this quarter and for production to start during the fourth quarter of this year. I'm pleased to report, we have already received our first commercial order for the XSense product. We are presently working with several large OEMs on new designs and expect first products to be released into the marketplace during the first half of 2013. Major volumes are expected to ramp in the second half of 2013."

"The markets for this (XSense) are very similar to the markets for the maXTouch product, both phone and tablets that I actually expect the mix to be much higher on tablet-type of products for larger screen because advantages of XSense are much more compelling, both from a performance standpoint, as well as a cost standpoint. So we expect to be in both marketplaces predominantly, initially but more larger screen versus small screen. We're also seeing a lot of interest in the sort of industrial automotive markets, because this allows them to do things with cursors and so forth that they aren't able to do today."

Enquiries

Carclo plc                                                                                               01924 268040

Ian Williamson, Chief Executive

Robert Brooksbank, Finance Director

N+1 Brewin                                                                                           0131 529 0356

Nick Tulloch

Weber Shandwick Financial                                                              020 7067 0700

Nick Oborne

Stephanie Badjonat

Robert Cook

 

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