Product Launch

RNS Number : 8282G

Elektron Technology PLC

25 November 2015

 

Elektron Technology plc

Bulgin product launch and IP update

Elektron Technology plc (AIM: EKT, "Elektron", "Group"), the global technology group, announces:

·     Launch of its 4000 series range of Bulgin Buccaneer® connectors

·     Launch of new Bulgin website (www.bulgin.com)

·     Granting of patent for 6000 series locking mechanism - patent number 2501878

Building on the success of the Buccaneer® 6000 and 7000 Series of 'quickconnect' connectors launched in 2012 and 2013, Bulgin has expanded the Buccaneer® range of environmentally-sealed power and data connectors with the introduction of the new Buccaneer 4000 Series. This latest product offering provides quarter-turn twist lock coupling, similar to the 7000 series, and 'fit and forget' connectivity in a more compact format, enabling product engineers to more easily integrate into their system designs.

The Buccaneer 4000 Series has been developed to provide sealing characteristics to ensure environmental protection in harsh conditions as well as to withstand vibrations, shock and corrosion. Each unit has a UV-resistant and flammability-rated plastic body equipped with a simple and efficient twist locking mechanism, allowing a secure connection without the need for specialist tools. The Buccaneer 4000 Series is ideally suited in a wide range of marine, industrial, transport and infrastructure applications, especially where space is at a premium.

A new Bulgin website has been launched, complementing the Bulgin catalogue issued in October, outlining the increased product offering and core technical capabilities of the business.

Elektron Technology has been advised that the UK Intellectual Property Office intends to award a patent for the locking mechanism developed for the Bulgin Buccaneer® 6000 series of connectors. Patents have also been filed internationally.

John Wilson, Chief Executive of Elektron, said:

"The launch of the 4000 series further increases Bulgin's accessible market and builds on the recent success of the 6000 and 7000 series - demonstrating the Group's commitment to investment in this key brand.  The first Bulgin related patent to be granted for decades is an important milestone - demonstrating the success of investment in technical resources to enable continued Bulgin revenue growth."

For further information:

Elektron Technology  www.elektron-technology.com	[phone]
John Wilson - Chief Executive Officer Andy Weatherstone - Chief Financial Officer
finnCap (Nominated Adviser and Broker)	[phone]
Ed Frisby/Scott Mathieson (Corporate Finance)
Malar Velaigam (Corporate Broking)

Notes to Editors

Elektron conceives, designs and markets innovative engineered products and services for businesses that connect, monitor and control

We have a multi skilled team of engineers, software and product line specialists based in Cambridge focused on the opportunities created by global trends in the following areas:

   --      New waves of "aware" business applications: Checkit

   --      Demand for ubiquitous power and data: Bulgin

   --      Growth in high precision manufacture: Queensgate

In addition, Elektron owns a portfolio of well-established products and brands that provide cash flow as well as customer access and feedback

Forward looking statements

Statements contained in this Statement are based on the knowledge and information available to the Company's directors at the date it was prepared and therefore the facts stated and views expressed may change after that date. By their nature, the statements concerning the Company in this Statement involve uncertainty since future events and circumstances can cause results and developments to differ materially from those anticipated. To the extent that this Statement contains any statement dealing with any time after the date of its preparation such statement is merely predictive and speculative as it relates to events and circumstances which are yet to occur. The Company undertakes no obligation to update these forward looking statements.

 

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