Sarantel Group PLC
13 February 2008
13 February 2008
SARANTEL GROUP PLC
Product and trading update
Sarantel (AIM: SLG, 'the Company'), the leading manufacturer of revolutionary
filtering antennas for mobile and wireless devices, has started delivering
prototype production quantities of the world's smallest stand alone GPS antenna
to a major Asian consumer OEM, as the Company continues to make good progress.
Sarantel's new antenna is the 3rd generation of GPS antennas developed and
requires 60 per cent. less volume (space) than the previous generation, while
maintaining comparable performance. Sarantel expects this new antenna to be
embedded into a wide variety of small, highly integrated, lightweight hand
portable mobile devices. It is 12mm long and 7.5mm in diameter.
The Board believes that this development coupled with an encouraging customer
pipeline positions the Company well for strong growth in its core GPS business.
As announced on 12 November 2007, the Company continued to reduce its cost base
and the monthly amount of cash required as the order book builds. At 31 January
2008 cash balances stood at approximately £1.4 million (of which £0.6m was held
to secure leasing liabilities). The Company is pursuing a range of financing
options and shareholders will be kept informed of developments.
David Wither, Chief Executive of Sarantel said:
'This prototype product is a dramatic step forward in technology and is a
compelling solution for multiple applications, where consumers look to have GPS
capabilities in a broader range of mobile devices.
'We are very excited by the developments in our GPS business and with the range
of customers who are now evaluating the Sarantel antenna solutions.'
Enquiries:
Sarantel
David Wither, Chief Executive Officer 01933 670 560
Sitkow Yeung, Finance Director
Ambrian 020 7776 6423
Tim Goodman
College Hill 020 7457 2020
Adrian Duffield/ Ben Way
Notes to Editors:
Sarantel (www.sarantel.com)
Sarantel 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 manufacturers to create innovative high-volume consumer products
incorporating technologies such as GPS, Wi-Fi, WiMax, 3G, GPRS, Satellite Radio
and Bluetooth.
This information is provided by RNS
The company news service from the London Stock Exchange