Vislink PLC
7 June 2000
ANNUAL GENERAL MEETING STATEMENT
Mr Bob Morton, Chairman, said at the Annual General Meeting today:
'It is our strategy to become the leading global designer and manufacturer
of microwave transmission equipment for broadcast TV.
This is underway following the acquisition of Advent Communications
on 17 April 2000 and we are continuing to seek further opportunities to
achieve this strategy.
The Broadcast and Telecommunications Division has continued to win
significant orders, the three most notable being:
a) A £2.3 million order from a state sponsored West African customer
for a major turnkey TV station expansion.
b) A £0.8 million contract from TV Espana for 38 new generation
digital/analogue portable links to be used for outside broadcast
coverage.
c) A £1.6 million order from Maroc Telecom to install and commission
fixed and mobile earth terminals to link remote areas of the country
to the developing GSM phone network.
The digital TV transmitters supplied by Continental Microwave Limited for
the UK's new digital TV network, have performed well. A number of
sites are currently being upgraded to increase their coverage.
Continental Microwave Limited is well placed to win the second phase
of new site installations expected towards the end of this year.
The Video Technology Division has won a £0.6 million order through Hernis,
our Norwegian based video systems company, to supply Royal Caribbean Cruise
Lines with an integrated CCTV system for two new vessels, providing
internal and external observation and safety systems.
In the Video Technology division we have started an investment programme
to enhance Active Imaging's Internet video based systems for the
acquisition, transmission, storage and onward distribution, of hosted Real
Time and pre-recorded Video Images to the business to business sector.
We expect the majority of the work to be completed this year with the
new products available for trial in the final quarter and sales
shipments to commence in the first quarter of next year.
With the encouraging level of orders and enquiries, the integration of
Advent Communications and the further opportunities available to the Group,
we look forward to the future with confidence.'
For further information please contact:
Ian Scott-Gall
Chief Executive
Vislink PLC Today: Thereafter:
Tel: 0207 597 5970 01488 685 500
Andrew Sharkey / Josh Royston
Luther Pendragon
Tel: 0207 353 1500