22 May 2007
22 May 2006
(' the Company' or 'the Group')
Trading Update and business developments
At this morning's AGM, the Company intend to make the following statement.
Overall Group profitability is in line with market expectation for the year to
The Group's public transport CCTV business has had an encouraging start to the
year. Our 75% owned subsidiary, 21st Century Crime Prevention Services Limited
('21st Century') received an advance order for 854 CCTV systems from its main
customer, the installation of which will substantially underpin its results for
the year. 21st Century has also won new business from Southern Vectis, Wilts &
Dorset Bus Company, London Central and London General, which are all part of The
Go-Ahead Group plc. We are looking forward to building on this new relationship
in the current year.
The first phase of trials for our new public transport vehicle products have
been completed successfully and we are moving to the second phase, involving
further installations. These include 21st Century's Eco-Manager product, a
device developed to monitor and manage poor driving habits, and initial results
have indicated that the product could lead to fuel savings of up to 50%. Our
passenger counting system has also achieved impressive results from its initial
trials and, as a consequence, we will push ahead with the launch of both of
these new products in the near future.
We are also currently undertaking the installations for a 500 vehicle trial of
on-board media systems in conjunction with several national bus operators and we
hope to be able to report on the progress of this initiative later in the year.
We continue to manage our investment in Cyberlyne Communications Limited and we
are working with the shareholders and management of this company to assist in
the recovery of the business.
While we have seen a continued decline in the distribution of in-car
entertainment and security products, the prospects for our Services installation
business will be enhanced if the results of Pay As You Go insurance trials,
expected by the end of the year, are successful.
For enquiries please contact:
020 8710 4000
Barnaby Fry / Harriet Pask
020 7357 9477
This information is provided by RNS
The company news service from the London Stock Exchange