AGM Statement

Oxford Instruments PLC 20 September 2005 20th September 2005 Oxford Instruments plc : Chairman's AGM Statement - 2005 Oxford Instruments is holding its Annual General Meeting today at which the Chairman Nigel Keen will make the following statement: "As we have announced recently, our strategic aim is to exploit our technology to become the leading provider of a new generation of tools and systems for work at the atomic and molecular level in the physical science and bioscience sectors. We will achieve this by building on our capability to create specialised environments, such as ultra low temperatures and high magnetic fields, to provide systems that can observe and manipulate matter at the smallest scale. Increasingly we intend to provide total solutions for sale direct to end user customers, whilst at the same time, we are actively seeking to grow our customer support revenues." "In line with this strategy, our increased investment in the development of significant new products and marketing initiatives is showing some good early results." "Our new Dynamic Nuclear Polarisation product, 'HyperSense', is on track. Three BETA test sites are being established and we have received our first order for this new device, which we expect to deliver during the first quarter of 2006." "In the area of providing environments for our physical science customers, we have successfully completed the tests for our 950 MHz magnet. The 950 is the world's most powerful superconducting NMR magnet and, importantly, is the first commercial utilisation of our new high performance superconducting wire, 'RRP'. We have just launched 'Magnets Direct' to provide, for the first time, a route for our NMR customers to purchase magnets direct from us." "The first of our new generation of tools for use in nanotechnology is undergoing tests and is expected to be launched in the first half of 2006. This tool provides our customers with a layer by layer process for the deposition of thin films." "The recent formal go ahead for the ITER international fusion energy programme provides us with significant opportunity for the supply of superconducting wire from next year onwards." "Our new low cost production plant in Shanghai is getting up to speed. This facility is now capable of producing a range of Oxford Instruments products at a very favourable cost." Current Trading "Order levels and turnover for the first half of the year are in line with the Company's internal budgets. As we have already indicated at the time of our preliminary results in June, pre-tax profits in the first half will be below the same period last year. We continue to expect that the outcome for the full year will be in line with market expectations." IFRS "We will announce details of our transition to International Reporting Standards (IFRS) on 12 October 2005." Enquiries: Oxford Instruments plc Tel 01865 881437 Jonathan Flint, Chief Executive Martin Lamaison, Financial Director Hogarth Partnership Limited Tel 020 7357 9477 Rachel Hirst Andrew Jaques Notes to Editors As a global leader in advanced instrumentation, Oxford Instruments has a broad range of capabilities which provide the tools, processes and solutions needed to advance fundamental nanoscience research and its transfer into commercial nanotechnology applications. With a unique set of technologies to enable the manipulation and observation of matter at the smallest scales, Oxford Instruments offers solutions for the fabrication and characterisation of nanoscale materials, structures and devices, and environments in which to perform fundamental nanoscience. The first technology business to be spun out from Oxford University over forty years ago, Oxford Instruments today employs over 1,200 people, operating globally, and is listed on the London Stock Exchange (OXIG). This information is provided by RNS The company news service from the London Stock Exchange MURAURVVRKUAR
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