Business
AGM Statement
AGM Statement.
About this update from Calnex Solutions Plc
[{"type":"text","content":"\n\n14 August 2025\nCalnex Solutions plc\n(\"Calnex\" or the \"Company\")\nAGM Statement\nCalnex Solutions plc (AIM: CLX), a leading provider of test and measurement solutions for the global telecommunications and cloud computing markets, provides an update on operations and trading ahead of its Annual General Meeting (\"AGM\") taking place at 9am today.\nHighlights\n· The growing traction in the cloud and defence markets, along with a strong customer base, provide the Board with confidence that FY26 performance will be in line with market expectations\n· Strengthening of Sales and Marketing team to capitalise on the growth opportunity in new markets\n· Continuing expansion of the Partner network, with additional key partners onboarded in North America\n· Installation of test instrumentation in customer-facing labs, to speed up engagement and traction with US Federal customers\nOperational update\nProduct development continues to be geared toward capitalising on customer demand in the new markets of Federal and cloud computing. Network and Application Assurance (NAA) platform enhancements are unlocking additional opportunities, particularly in defence, within complex network environments that require high quality test equipment.\nCalnex has made targeted senior sales and marketing hires to capitalise on the growth opportunity in these new markets and to support the expansion of the Group's product portfolio, customer base and partner network, including the appointment of an experienced VP of Sales and an experienced VP of Products and Markets.\nOperations under the new channel partner strategy are progressing well and the Group has continued to expand its global partner network in the first quarter of the year. These include the addition of key partners in North America, with a focus on both Federal and Enterprise sectors.\nAn area of strategic focus has been the installation of Calnex equipment into the customer facing test facilities of the Group's partners targeting US Federal customers. This enables end customers to have greater visibility of the Calnex product offering and opportunity for evaluation which is key for being considered in large Federal tenders.\nMarket outlook and trading\nAs anticipated, the telecoms market has remained stable...