Business
IMS and Atmel Corporation Announcement
IMS and Atmel Corporation Announcement.
About this update from Carclo Plc
[{"type":"text","content":"\n \nRNS Number : 6846K Carclo plc 01 August 2013 \n\n1 August 2013\nCarclo plc\n(\"the group\")\n \nInterim Management Statement and Atmel Corporation Announcement\n \nWe are pleased to report that the new financial year has started positively and that the group is trading in line with the board's expectations.\n \nAt Conductive Inkjet Technology (\"CIT\") the new high speed coating line is performing very well with first volume production quantities now having been shipped. CIT is well positioned to meet the requirements for the expected ramp up in XSense™ volumes. In this respect the group notes the positive comments in respect of XSense™ made by Atmel Corporation (\"Atmel\") executives during the analysts' Earnings call that accompanied Atmel's Q2 results on 31 July 2013. Extracts from the transcript of the Earnings call are reproduced below:\n \n\"Since our last earnings call I am very pleased to report we have fully qualified our Colorado facility for large scale production of our market leading metal mesh technology. Customer interest and design activity are strong and we are engaged in numerous new product designs with several tier-one OEMs as well as reference designs with Intel Corporation, a major ecosystem partner. We are now able to demonstrate XSense with excellent optical quality for very high pixel density displays such as Full-HD displays on smartphones and larger screens such as tablets and Ultrabooks. Additionally, we are on-track to bringing on new capacity in the latter part of this year that will support at least $100 million dollars of XSense revenue in 2014. \n \nThe market for touch sensors today is over $5 billion dollars annually and a recent report by NPD Display Search forecasts the market to increase from 12 million square meters shipped in 2012 to 35.9 million square meters in 2015 as a result of the dramatic growth in mobile applications including smartphones, tablet PCs, notebooks and Ultrabooks. This represents a compound annual growth rate of over 44% over the next 3 years. \n \nAs a leader in metal mesh technology, with strong IP and manufacturing know-how, Atmel stands to significantly benefit from the dramatic increase in the overall growth in the touch sensor market as well as the rapid replacement of traditional ITO sensors ...