Trading Update

RNS Number : 1403Z

Dialight PLC

10 January 2011

 



10 January 2011

Dialight plc

Trading Update

In its Interim Management Statement in November, the Dialight Board announced that growth in its ultra efficient Solid State Lighting products applying to high brightness LED technologies, continues to support the strong performance of the Group.

As a result of continued strong progress in the Group's Signals/Illumination business, in particular in Solid State Lighting, the Board is pleased to announce that Dialight will exceed market expectations for 2010.

On 4^th January 2011 the Group completed the acquisition of 75% of Lightday Investments Pty Ltd its Australian distributor of ultra efficient lighting products. This company will trade as Dialight ILS and will serve the large industrial / hazardous / mining sector in Australia and further supports the Group's thrust into the industrial and hazardous lighting market with its ultra efficient lighting products.

The Board's continued confidence in the Group's excellent prospects is supported by the strong performance in 2010, the current level of order intake for its Signals/ Illumination business and by its accelerating growth in ultra efficient lighting.

The Group will publish its preliminary results for the 12 month period ended 31 December 2010 on 14 February 2011.

Contacts:

For further information:

Roy Burton - Group Chief Executive, Mark Fryer- Group Finance Director, Dialight plc

Tel: [phone] 

Simon Bridges - Canaccord Genuity Limited, Tel: [phone]

Robert Speed- Kreab Gavin Anderson, Tel: [phone],

Email:  [e-mail]

About Dialight

Dialight plc is leading the lighting revolution for industrial users across the world. Applying leading edge LED technology it produces retro-fittable lighting fixtures designed specifically for hazardous locations, obstruction lighting, traffic and rail signalling to vastly reduce maintenance, save energy, improve safety and ease disposal. Versions of these high specification luminaires are also produced for more general commercial, industrial and outdoor situations.

Dialight comprises the following business segments:

· Signals/Illumination which addresses the increasing demands for Energy Efficient Lighting 
solutions through the use of high brightness LEDs and utilisation of a number of associated technologies. Areas of business include Traffic and Rail Signals, Obstruction Lights and Solid State Lighting products.

· Indication components whose sales are primarily to Electronics OEMs for status indication; 
and

· Electromagnetic components which supplies smart meter disconnect switches which are 
used by utility companies to manage remotely electrical supply to residential and business premises.

The company is headquartered in the UK and listed on the London Stock Exchange (LSE:DIA.L,GB0033057794) with operating locations in the UK, USA, Denmark, Germany and Mexico. More information is available at www.dialight.com.

Cautionary statement

This announcement contains certain statements, statistics and projections that are or may be forward-looking. The accuracy and completeness of all such statements, including, without limitation, statements regarding the future financial position, strategy, projected costs, plans and objectives for the management of future operations of Dialight plc and its subsidiaries is not warranted or guaranteed. These statements typically contain words such as 'intends', 'expects', 'anticipated', 'estimates' and words of similar import. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. Although Dialight plc believes that the expectations will prove to be correct. There are a number of factors, many of which are beyond the control of Dialight plc, which could cause actual results and developments to differ materially from those expressed or implied by such forward-looking statements.

 

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