Business
Notice of Interims/ Update
Notice of Interims/ Update.
About this update from Tanfield Group Plc
[{"type":"text","content":"\n Tanfield Group PLC\n12 September 2006\n\n\nTanfield Group plc\n\n('Tanfield' or the 'Company')\n\nNotification of Interim Results and Trading Update\n\nTanfield will announce its interim results for the six months ending June 30th\n2006 on Monday September 25th, 2006.\n\nThe Company is also pleased to give a further trading update on recent successes\nfor the Group's two key brands, UpRight Powered Access and Smith Electric\nVehicles.\n\nUpRight Powered Access\n\nThe Board is delighted to announce that global UpRight sales orders in the past\nweek totalled more than £1 million for the first time since it was acquired by\nTanfield.\n\nThis follows on the recent success of UpRight Powered Access at a provincial\nGerman trade show, where the Company secured significant orders for\napproximately 100 machines, with a gross sales value of around £1.5 million.\n\nThe order book remains extremely buoyant. Despite doubling UpRight machine\nproduction since the acquisition, order intake continues to outstrip product\noutput.\n\nThe Group is making good progress in its transferral of UpRight machine assembly\nfrom Ireland to a 250,000sq ft flagship manufacturing facility near Newcastle\nupon Tyne, with the first assembly line presently being installed. The Company\nexpects to ship the first products from this assembly line by the end of\nSeptember 2006.\n\nSmith Electric Vehicles\n\nEnquiry levels for Smith Electric Vehicles' new technology products are at an\nall-time high and the order book remains buoyant. The Company is presently in\nnegotiations with most large fleet operators.\n\nThe Board of Directors is pleased to announce that it has also agreed terms in\nprinciple with a government body, which will fund a significantly sized fleet of\ndemonstration vehicles. This fleet will be used to demonstrate the viability of\nelectric vehicles in UK city centres and promote their use to commercial fleet\noperators, as a tool for positive impact on carbon dioxide emissions.\n\nSmith Electrical Vehicles will officially unveil Newton, a new technology\nelectric 7.5t delivery truck at the Courier and Parcel Despatch Expo 2006 in\nAmsterdam in October. This is the first of two vehicles built for global parcel\ndelivery and logistics company TNT.\n\nThis will be followed by the launch of Edison, a new zero emission van.\n\nCommenting on these...