Block Shield Share Discussion Threads

[britishbear] 19/10/2005 10:20

These are truely excellent results imo.

This down market has killed any rise but it does give the small investor a chance to get more at a cheap price.

Encouraging process on all fronts and excellent margins.

[dafad] 19/10/2005 07:20

Everything on track then,this co could be huge,


In the longer term, our future direction is clear: using our recognised core
strengths of microwave know-how and thin film deposition expertise, we will
strive to become the world leader in designing and creating the products, and
related industrial processes for their mass production, of solutions that
address customer requirements in the highly specialised EMC and RFID sectors.

[fieldbeans] 19/10/2005 07:14

Interim Results


Embargoed Release: 07:00hrs Wednesday 19th October 2005

Block Shield Corporation PLC

('The Group')


Interim Results for the six month period ended 31 August 2005


Highlights



* Solid revenue growth exceeding management expectations;
* Turnover increased to $1,802,000 compared to $623,000 for the equivalent
half-year (eight month) period last year ("H104");
* Gross margins increased to 46% compared to 26.4% for the financial year
ended February 2005 and 4% for H104;
* Loss per share reduced to $0.07 from $0.19 for H104 and $0.29 for the
financial year ended February 2005;
* Research and development costs reduced to $858,000 (H104. $1,376,000)
* Sales of 4 DECA machines completed and a strong pipeline of further sales
secured; and
* Implementation of licensee business model for RFID antenna, incorporating sales
of machines with royalties on a revenue basis, inspired by prospective customer
discussions.

Chairman's Statement

Introduction


The first six months of our financial year saw the Group mature significantly
in terms of sales and margin growth, customer numbers, depth of customer
penetration and, most importantly, the creation and development of additional,
sustainable and important revenue lines. The Group is now strongly positioned
to become a leading innovator in the design and creation of thin film
deposition products as well as manufacturing solutions for those products.

Operational Highlights


The Group has consolidated its operations and identified certain strategic
trends which we believe indicate significant future growth potential. In
particular, we:


* Consolidated our manufacturing operations in Illinois, following the
disposal of our subsidiary, Vacuum Platers Inc.,("VPI");
* Created two distinct and dedicated operational divisions, focussing on
Electromagnetic Compatibility ('EMC') in one and Radio Frequency
Identification ('RFID') in the other;
* Relocated our Head Office, Administrative and Engineering activities to a
larger facility in Sunnyvale, in June 2005; and
* Identified and responded to significant market demand not merely for new
shielding and RFID solutions, but for the machines and processes which
enable mass-production of our solutions by customers themselves as an
integrated step in their ongoing industrial processes.


Commentary


Sales


The increase in product sales has been very encouraging, particularly as growth
in revenue occurred notwithstanding the cyclically and traditionally slower
first half, and the disposal (immediately prior to the commencement of the
reporting period) of VPI. To put this disposal in perspective, VPI's sales have
historically represented approximately forty percent of the Group's ongoing
revenues. The disposal facilitated the substantial increase in our gross sales
margins referred to above but did not prevent the Group from generating higher
revenues than were consequently anticipated.


Our customers now number in excess of 80 of the leading consumer, medical,
military and electronic manufacturers. In addition to the customers referred
to in my previous report, we now provide our solutions to, among others,
Anritsu, CSI Wireless, Garmin, GoBackTV, Info-Universe, Intel, Raytheon and
Smartview.


DECA


When reporting our February results, I advised shareholders of the development
of our proprietary lead-free Dispensed Electro Conductive Adhesive ('DECA') and
the creation of the manufacturing machines necessary for the semi-automated
assembly of that process. I am pleased to report that we have now created, and
are selling, our second generation DECA machines which attach our proprietary
shields at a lower temperature than traditional soldering methods and at a rate
which comfortably exceeds industry requirements. I am also pleased to report
that demand for these machines from both new and existing customers has
exceeded our expectations and we are consequently transferring production of
this line to qualified Contract Manufactures in order to assure sufficient
production capacity to satisfy this excess demand. We delivered 4 DECA machines
during the reporting period. One of these initial customers and three other
existing customers have expressed their intention to purchase 13 machines for
delivery immediately following their production. We anticipate orders for a
larger number of DECA machines from the same customers, subject to on-line
performance evaluation.


This trend represents a revenue stream which was not within our initial plans
and we are increasingly encouraged that the demand for, and acceptance of, our
EMC products is fuelling a directly correlated growth in demand for our DECA
attachment machines. Moreover, we believe purchases of our DECA machines commit
our customers on a long-term basis to incorporating our EMC solutions into
their products and thus are a driver for further growth in that business.


NEW DIVISIONAL STRUCTURE


EMC


During the period, we established as separate business entities the shielding
and RFID divisions. The EMC shielding division, which shields devices to
protect and control them from Electromagnetic Interference, made up the
revenues for the period from sales of both shields and the DECA machines.


RFID


The newly established RFID division has delivered on its initial promise. The
Group has enjoyed strong demand for its RFID solutions and customer
satisfaction with the efficiency and performance of our antennae has been
consistently high. We have also made significant advances in completing our
proprietary roll-to-roll machines for the mass-manufacture of RFID tags.
Importantly, from a logistical and cost perspective, the manufacturing process
is now fully integrated to enable the antennae to be created and incorporated
in the tags as a single process. As to commercializing our RFID efforts, we
have Joint RFID Tag Development Initiatives with each of Innovision PLC., RSI
ID, ITN Energy Systems Inc., and Transcore Inc.. We expect to have the first
RFID tag machine available for sale to our first RFID customer in the first
quarter of next year. This product will constitute a turnkey manufacturing
solution which will enable our customers to purchase RFID machines for
mass-production of RFID tags within their own facilities. Such an offering is
obviously commercially compelling in an environment where the key driver to
market penetration is cost and volume production. We continue to remain
confident that our solutions are able to provide the cheapest and consistently
best quality antennae and tags from existing and currently anticipated
technologies. We are now in advanced discussions with a number of customers
targeted for the purchase of our RFID machines and will report on further
progress in due course.


Research and development


As a result of the disposal of VPI, our research and development spend
decreased dramatically through the period. Nonetheless, our commitment to
research and development remains focused on anticipating and responding to the
business opportunities inspired by the commercial needs of our customers. In
order to respond to these opportunities we have increased the number of
in-house design engineers from 5 to 10 and our research and development efforts
have been dedicated to innovating complete industrial solutions for both the
growing EMC requirements of the electronics industry as well as the cost and
mass-production challenges of the emerging RFID industry.


The Group recently received notification of an additional patent grant, which
will bring the total number of patents granted to 11, with a further 22
pending. In addition, several other innovations have been identified and are
currently being submitted for patent applications.


Future Prospects


Whilst we remained committed, through the EMC Division, to manufacturing our
own EMI shielding products for our customers, we intend to focus these efforts
on designing and selling shields for prototyping and higher margin product
lines which our speciality customer base permits us to enjoy. For higher
volume, lower margin production, we will sub-contract or license out the
manufacturing processes. We expect EMC Division sales to continue to grow at an
increasing rate. Our other efforts will be directed to designing and marketing
the sale to customers of the machines which make our shields, the DECA and
other attachment machines, and the upcoming RFID machines. We also anticipate
that such sales will generate license fees for processes and resulting
products. Product quality control will be retained through our on going
dominion over the design processes. We anticipate revenue margins from sales of
these products and services to continue to increase.

However, it is not our intention to manufacture the machines which we sell,
other than the first working turnkey generation of each product. We will
outsource volume manufacture to appropriate manufacturing partners whom we are
currently in the process of identifying.

In the longer term, our future direction is clear: using our recognised core
strengths of microwave know-how and thin film deposition expertise, we will
strive to become the world leader in designing and creating the products, and
related industrial processes for their mass production, of solutions that
address customer requirements in the highly specialised EMC and RFID sectors.
For this purpose, it can be expected that the Group may devote increased
efforts and expense to its ongoing research and development programmes, but
without distraction from the commercialisation its existing offerings or damage
to its underlying revenue growth.

Finally, on behalf of the Board of Directors, I would like to thank the Group's
employees for their hard work and commitment to the Group.


Michael Fitzgerald

Chairman of the Board


For Further Information:


Block Shield Corporation plc

Pier Antoniucci (00) 1 408 745 0561


Teather & Greenwood Limited

Stephen Austin (Corporate Finance)

Adam Pollock (Sales) 44 20 7426 9000



Hansard Communications

Andrew Tan 44 20 7245 1100

[fieldbeans] 11/10/2005 07:25

Embargoed Release: 07:00hrs Tuesday 11 October 2005

BLOCK SHIELD CORPORATION PLC

(`the Company' or `Block Shield')

New Patent Awarded

Block Shield Corporation plc, a leading provider of innovative electromagnetic
shielding products for radio frequency emissions, is pleased to announce that
the State Intellectual Property Office (SIPO) of the Peoples Republic of China
has notified the Company of its decision to grant Block Shield a patent for
electromagnetic interference (EMI) shielding of Electrical Cables and
Connectors.

The new patent, already granted in the US and pending in a number of other
jurisdictions, covers methods for EMI shielding cables, connectors and cable
connector assemblies.

Cable connections within electronic circuits and/or equipment as well as cable
connectors at the input and output areas of electronic equipment enclosures,
are one of the areas most likely to generate or to be affected by EMI,
especially in the presence of digital signals of ever-increasing speed and in
the increasingly common environment of miniaturized circuits and equipment.
Block Shield's patented method of vacuum deposition of metal on the cable
plastic protection and/or on the plastic structures of connectors leads to new
products available to the electronic industry in pursuit of EMC.

Dr. Pier Antoniucci, CEO, commented:

"This newly granted international patent is a specific acknowledgement by China
of the Intellectual Property protection which the Company enjoys on a very
important application of its basic product and technology consisting of vacuum
deposition of metal on polymers. This technology combines the positive
structural property of plastics with electromagnetic properties of metal
leading to very innovative applications in the increasingly challenging area of
electro magnetic compatibility (EMC) of electronic circuits, as well as in
Microwave transmission and Radio Frequency communications including the most
recent technology of Radio Frequency Identification (RFID). It comes at a time
when Block Shield is intensifying its attention on the electronic and
mechanical industry of that key Asian country for pursuing both market
penetration of the Company's products and suitable sourcing for the
sophisticated manufacturing facilities needed to support volume production. The
granting of a specific patent in China will certainly strengthen and encourage
the penetration effort in both directions."

[britishbear] 06/10/2005 16:53

Good to see a large and welll respected institution taking 3% - this is generally speaking a small % holding and I would expect this to increase over the next year. Good news.

------------------------------------------------------------

Block Shield Corporation PLC
06 October 2005
Block Shield Corporation ("the Company")
Notification of Interest
6 October 2005
The Company has been notified by a letter from Fidelity International, dated 4
October 2005, that FMR Corp. and its direct and indirect subsidiaries being
non-beneficial holders, are interested in 900,000 ordinary shares of 1p each in
the Company (representing 3.02 per cent. of the total number of ordinary shares
in issue).

[britishbear] 11/9/2005 14:31

Has to be good news - debt reduced and dilution not too bad. Also a signal that some have faith that the BLS will contiune to rise otherwise why not wait to convert.

------------------------


RNS Number:1003R
Block Shield Corporation PLC
09 September 2005

Block Shield Corporation plc

Issue of Shares

09 September 2005


The Board of Block Shield Corporation plc (the "Company") announces that on 27
August 2005 it received a notice to convert US$500,000 of the US$1,500,000
convertible notes (the "Convertible Notes") issued in connection with the
acquisition of Wavezero Manufacturing Inc. on 10 December 2004. As a
consequence of the conversion, and in accordance with the terms of the
Convertible Notes, the Company is issuing 251,952 ordinary shares of 1p each in
the capital of the Company (the "New Shares"). The remaining US$1,000,000 of
Convertible Notes must be converted into ordinary shares prior to 10 December
2005, unless the Company elects to redeem the same for cash prior to that date.

The New Shares will rank pari passu with the existing ordinary share capital of
the Company and have been allotted and issued credited as fully paid.

Application has been made for the New Shares to be admitted to trading on AIM
and dealings are expected to commence on 15 September 2005.

Following admission, the total issued share capital of the Company has increased
to 30,379,094 ordinary shares of 1p each.

For further information:
Block Shield Corporation plc
Rocky Arnold (00)1 408 745 0561

[fieldbeans] 10/9/2005 17:06

Location of new headquarters on Google Maps:

[fieldbeans] 10/9/2005 16:36

New edition of Wavezero's newsletter WaveNews is published:
www.wavezero.com/i/pdf/wavenews-2005-issue-3.pdf

I haven't heard any rumours of RFID deals. What have you heard?

fb

[britishbear] 10/9/2005 13:52

Nice move up again - see if we can test new highs this time.

Rumours of deals in the RFID area and we know how quickly BLS are expanding.

Interesting times and certainly not a time to be selling - things are only just beginning.

[fieldbeans] 30/8/2005 11:41

No. End of half year update perhaps??

[britishbear] 30/8/2005 11:35

News leaking somewhere? This is pre-US open so there must be a tip somewhere. Anyone got it?

[britishbear] 28/8/2005 14:21

Good posts fieldbeans - good snippits - the Wal-mart thing needs closer investigation but there is no reason why it should not be true. Could lead to a huge take up of Block Shield products - still a strong buy for me.

[fieldbeans] 27/8/2005 21:10

June 2005 corporate presentation.

[fieldbeans] 26/8/2005 15:42

Nothing if not volatile!

Mentioned in Shares magazine yesterday:
"... and Block Shield, whose technology is being used by giant American retailer (and Asda-owner) Wal-Mart".
Assuming that this statement is correct (and not simply implying that Wal-Mart uses RFID technology in its generality), then this is news to me and potentially very important.

I am hoping that there will be a trading update in September. Emailed the company to enquire whether they will issue one, but no reply and that was a couple of weeks ago.
fb

[britishbear] 26/8/2005 15:26

Hopefully they are moving back to year highs after the recent lull. Might need some more institutional buying to push us up again.

[britishbear] 17/8/2005 11:47

DAFAD,

Thanks for pointing it out - I post it here just to keep all the information in one place as it happens (and as there is no "A").

May be worth another buy at these prices - hmmm, very tempting.
-----------------

Expansion and Reorganisation

Embargoed Release: 07:00hrs Wednesday 17th August 2005

Block Shield Corporation Plc

("Block Shield" or "the Group")

Expansion and Reorganisation

Block Shield Corporation Plc, a leading provider of innovative Electro Magnetic
Compatibility ("EMC") shielding products and solutions addressing radio
frequency ("RF") emissions is pleased to announce that the expansion and
reorganisation activities of the Group's core operations has been successfully
completed. Concurrently, the Group is also pleased to announce the appointment
of a Chief Financial Officer to support the newly expanded Group and to
facilitate the anticipated growth in sales revenues.

Consequently, the activities of Block Shield's principal US operating
subsidiary, Wavezero Inc. ("Wavezero"), will be conducted through two distinct
divisions, the EMC Division and the RFID Division. The two divisions will
operate in separate areas of Wavezero's recently expanded US headquarters in
Sunnyvale, California which offers approximately twice the capacity of the
Group's original facilities and is expected to be sufficient to accommodate the
currently anticipated growth requirements of the Group.

Divisional Structure

Electromagnetic Compatibility Division

The EMC Division will continue to develop and commercialize the solutions and
related processes that address the increasingly sophisticated electromagnetic
emissions (EMI) control needs of the electronics industry. Wavezero leads this
market through the utilization of its core proprietary technology of vacuum
deposition of metal on thermoformed plastic. This process creates EMC products
capable of controlling and suppressing EMI which protect the operational
integrity of electronic devices.

Wavezero's EMC Division products will continue to be manufactured at the
Group's state of the art production facility in Sugar Grove, Illinois.

RFID Division

The newly formed RFID Division will focus its activities on becoming a key
participant in the nascent but rapidly emerging RFID (Radio Frequency
Identification) industry.

RFID Technology is focussed on the production of chips (containing pertinent
information) which can be attached to objects and be read by electronic radio
readers. To operate efficiently, the chips must be capable of transmitting
their information to the radio readers. This requires the chips to be mounted
on tags which incorporate antennae to enable successful radio transmission and
reception of relevant data. The Group's initial foray into the RFID arena was
directed at creating antennae solutions at the request of - and as
collaborative projects with - a number of the leading players in the RFID
sector. The technology employed for these projects was based on metal coated
plastic using vacuum deposition techniques which are already extensively
developed, patented and industrialized by the Group's EMC Division. Wavezero
was thus able to rapidly produce high performance prototyping antennae for its
collaborators and patent protection has been sought for the antennae and the
processes of industrializing their volume manufacture, the rights to which will
belong exclusively to the Group.

Wavezero is now in advanced stages of development of single process machines
for the cost effective mass manufacture of competitively priced antennae and
anticipates that the first machines will be in operation within the next six
months.

Following the level of success achieved through the initial RFID
collaborations, the Group has now extended its RFID initiatives beyond
antennae. During the short time that the Group has addressed the RFID industry
it has become apparent that the expertise and knowledge of microwave, radio
frequency design, engineering and industrial competence gained in the core EMC
business, in conjunction with the competence gained in the field of metal
deposition on plastics and the extensive related patent portfolio, equip and
immediately position the Group to pursue the RF/wireless business as it relates
to the RFID industry. The first achievement in this area has been the creation
of an innovative, low cost industrialized solution for manufacturing Tags in an
extremely integrated and miniaturized radio transmitter-receiver unit,
including the antenna and - where required - the battery.

Dr. Pier Antoniucci, CEO, commented:

"The Group's years of experience and intellectual property in the EMC sector
have been an unknown but powerfully effective incubator for our rapid expansion
into the RFID sector. We have ambitious growth and expansion plans but are
extremely conscious of the need to be attentive to our existing business whilst
being flexible enough to appreciate and exploit the business opportunities
conferred on us by the remarkable reach of our growing technological
capabilities. Whilst both divisions will share general and administrative,
executives and overhead, each will have separate and dedicated design,
engineering and business development teams reflecting the different business
and technical requirements of their commercialization."

Addition of the Chief Financial Officer (CFO)

To strengthen and qualify further the executive team in view of expansion and
further growth, Block Shield has successfully completed the selection of a
qualified CFO, Gary Koos, who joined the company in mid July, bringing a most
welcome dowry of US and international experience in the financial and corporate
conduct of high technology businesses. Mr. Koos has previously served as CFO of
other high technology enterprises, including Onix Microsystems- a manufacturer
of all optical switches in the telecommunications industry, and PolyStor- a
manufacturer of high energy lithium ion batteries in the portable device
market. Mr. Koos has over 20 years of experience in both public and private
companies.

-Ends-

[dafad] 17/8/2005 08:21

Excellent rns this am(not showing on monitor though)

[dibbs] 04/8/2005 07:59

Mr 147p back again this AM by the looks of things!

[fieldbeans] 04/8/2005 07:21

Shroders seem to be accumulating fast.
I think that the last patent win (tape and reel process) is more important than the market recognises. Hopefully we will get a trading update in September.

[dibbs] 03/8/2005 23:15

Interesting 50k buy today at 4p premium to offer. On the verge of a breakout to new highs...? Somebody thinks BLS prospects are strong.

[3dmobilephones] 29/7/2005 21:23

The price looks to be heading for 140+

[abadan2] 29/7/2005 12:49

The Schroder news is very encouraging, as they are highly regarded as smaller cap stock pickers.

[britishbear] 29/7/2005 11:16

Also good news - Schroders are big boys and will have done thier research. A big stake as well.

-------------------------


RNS Number:4584P
Block Shield Corporation PLC
28 July 2005

Block Shield Corporation ("the Company")
Notification of Interest
28 July 2005

The Company has been notified by a letter dated 28 July 2005 that Schroder
Investment Management Limited is interested in 3,898,400 ordinary shares of 1p
each in the Company (representing 13.078 per cent. of the total number of
ordinary shares in issue).

[fieldbeans] 28/7/2005 07:24

07:00hrs Thursday 28 July 2005

BLOCK SHIELD CORPORATION PLC

(`the Company or `Block Shield')

New Patent Awarded

Block Shield Corporation plc a leading provider of innovative shielding
products for electromagnetic compatibility (EMC) of electronic circuits and
equipment and a producer of Radio Frequency Identification (RFID) products is
pleased to announce that it has received notification from the US Patent and
Trademark Office of a new granted patent covering the automation of the
industrial process for the tape and reel production of electromagnetic
interference (EMI) shields in thermoformed plastic structures with a metal film
coating, obtained with Block Shield proprietary vacuum metal depositions
techniques.

The patent covers the process which begins with rolls of plastic tape and
progresses serially through four steps in a single operation, namely:

1. shaping of the shield (thermoforming);

2. cutting of the shield from the tape; (except for residual retaining tabs
used to keep the finished shields in the tape to be rolled into a reel and
tape arrangement);

3. metal deposition; and;

4. application of the electro-conductive adhesive (necessary for attachment of
the shield to the printed circuit where the EMI shielding is performed).

Importantly, the four step procedure is modular, with each step available to be
automatically performed individually by the related terminal, independently
from the other steps and stations of the whole process.

The new patent brings the total patents granted to Block Shield to total 11,
with 21 patent applications that are still pending.

Dr. Antoniucci, CEO, commented:

"This patent has far reaching industrial applications and significant cost
implications. We have now protected not merely our proprietary shielding
components but also their industrial manufacture in an automated or
semi-automated process. This precludes potential competitors from applying our
automated mass production techniques and represents what we believe to be a
significant barrier to entry to the mass shielding market. It is very exciting
that we now have full recognition of what is a complete individual solution
from the creation of the component to its final industrialized and fully
automated attachment. Being able to deliver our products using a proprietary
tape and reel methodology is very attractive to us and our clients as it
obviously confers great flexibility, cost efficiency and production volume
modulation. Moreover, the methodology is applicable to both small and medium
scale production requirements which are typical in the medical, space and
telecommunications sector, and to high volume consumer electric needs."

[britishbear] 07/7/2005 18:42

Same institution still accumulating - nice and slow as it is probably having to struggle to find stock. All good news.