Pressure Technologies PLC
30 July 2007
PRESSURE TECHNOLOGIES PLC ('PT' or 'the Company')
30 JULY 2007
Trading Update
High pressure seamless steel gas cylinder manufacturer Pressure Technologies plc
announces a trading update.
Following a favourable sales outturn for July, the Directors anticipate that the
performance for the year ending 30 September 2007 will be ahead of expectations.
Furthermore, the Company has continued to receive order commitments with the
order book now approaching £20 million, of which £16 million is scheduled for
delivery in 2008. This development, allied to a sustained flow of enquiries for
quotation, has led the Directors to re-evaluate their expectations for 2008.
Accordingly the Company expects that its results for the year ending 30
September 2008 are likely to be significantly in excess of market expectations.
Contacts:
Pressure Technologies PLC
Jonathan Clark Finance Director 0114 242 7520
Brewin Dolphin Investment Banking
Neil Baldwin Director 0113 241 0130
ENDS
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