Business
Preliminary Results
Preliminary Results.
About this update from Uk Oil & Gas Plc
[{"type":"text","content":"\n RNS Number : 3137J Sarantel Group PLC 02 December 2008 \n \n2 December 2008\n\nSarantel Group PLC\n\nPreliminary Results \n\nSarantel (AIM: SLG), the leading manufacturer of revolutionary filtering antennas for mobile and wireless devises, announces its preliminary results for the year ended 30 September 2008. \n\nHighlights: \n\n\nSuccessful diversification into high-value markets\n\n\nIridium design win converts into volume monthly shipments\n\n\nFirst military contract, for US forces\n\n\nThird-generation GPS antenna launched for consumer applications\n\n\nLow-cost assembly process implemented as part of focus on cost controls\n\n\n£3.4 million fund raising provides sufficient capital for the foreseeable future\n\n\nRevenues of £1.9 million, cash balance £3.0 million at year end \n\n\nGeoff Shingles, chairman, said:\n'The diversification strategy adopted by the Board in 2007 is producing encouraging results that are translating into increased sales and reduced cash burn. As our antenna technology continues to gain more widespread acceptance across a number of customers and markets, we are increasingly confident that the Group has a valuable asset with substantial potential for application in specialist military, satellite communications and retail GPS markets.'\n\nEnquiries:\n \n\n\n\n\nSarantel\n\n\n01933 670 560 \n\n\n\n\nDavid Wither, Chief Executive Officer\n\n\n\n\n\n\n\nSitkow Yeung, Finance Director\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nJohn East and Partners\n\n\n020 7628 2200\n\n\n\n\n John East/Simon Clements\n\n\n \n\n\n\n\n\n\n\n\n\n\n\n\nCollege Hill\n\n\n020 7457 2020\n\n\n\n\nAdrian Duffield/Carl Franklin\n\n\n \n\n\n\n\n\nNotes to Editors:\nSarantel is a leader in the design of high-performance miniature antennas for portable wireless applications including hand-held navigation, satellite radio and laptop computers. Sarantel's revolutionary ceramic filtering antennas offer dramatically improved performance over existing antenna designs, resulting in a clearer signal, better range and a 90 per cent reduction in the amount of signal radiation absorbed by the body. Because of their smaller size and higher capabilities, Sarantel's antennas enable manuf...