Trading Statement

    RNS Number : 0608Z
  Dmatek Ld
  15 July 2008
   



    2008 Interim Trading Update: Strong Growth Continues, Revenues up 28%


    Dmatek Ltd. (LSE: DTK.L), the provider of leading electronic monitoring technologies, today issues an update on trading for the six
months ended 30 June 2008. The company expects record high revenues for the first 6 months of 2008, in excess of $26m (H1 2007: $20.4m)
reflecting an increase of more than 28% over the corresponding period last year, ahead of market expectations.  

    Our law enforcement business saw solid organic growth in existing accounts across geographies, topped by new deals. In the US, ongoing
business continued to progress with new opportunities maturing in a number of states. Business in Europe was significantly up, with positive
growth from existing accounts. In Asia-Pacific, we saw exceptional growth in an existing program in New Zealand, and successfully secured a
new contract in Singapore.  

    In addition to the strong organic growth in our core house arrest programs, we have seen growing interest in inmate tracking solutions
which utilize technology similar to that used for house arrest, to monitor inmates inside prison facilities. Following the Swedish contract
announced late last year, we won another multiple-site inmate tracking contract in the US. We also received orders for existing system
upgrade in the US and a pilot system in Singapore. 

    Progress on the eldercare side was slower than originally planned, with deals taking longer to close, as can be expected given current
US market conditions. 

    Dmatek's CEO, Yoav Reisman comments: "I am very pleased with our overall performance so far this year, which is in line with our plans
and stated growth target. I am further encouraged by the increased global interest in the inmate tracking system and concept, and believe it
is yet to become an important growth engine in our industry. Reisman added: "I am confident in our ability to deliver yet another very good
year".

    Dmatek will announce half-year results for the six months ending 30 June 2008 on Tuesday, 26 August 2008. 


    Media & Investor Enquiries: 

    Dmatek Ltd. 

    Michal Marx mobile: [phone]
    [e-mail]
      
    Notes to Editors:

    About Dmatek: Dmatek (LSE:DTK.L) is a leading provider of electronic monitoring technologies, specialising in human-related
applications. Dmatek's technological platform is based on a unique system architecture and operating methodology, which can be implemented
in many different commercial sectors. Current applications of the company's core technology are marketed by Dmatek's wholly owned
subsidiaries, Pro Tech and Elmo-Tech Ltd., which address the global law enforcement field and HomeFree Systems, which operates in the
emerging patient and elderly market and currently focuses on Dementia patients. Dmatek's systems are used by private operators and
government agencies in 25 countries worldwide.  www.dmatek.com

This information is provided by RNS
The company news service from the London Stock Exchange
 
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