Trading Statement

 

TIDMDTK 
 
RNS Number : 6809L 
Dmatek Ld 
15 January 2009 
 

 
 
Dmatek Ltd: Trading Update 
 
 
Strong 2008 full year results driven by organic growth; new deal in Colombia 
 
 
Dmatek Ltd. (LSE: DTK.L), ("Dmatek" or the "Company"), the provider of leading 
electronic monitoring technologies, today issues an update on trading for the 
year ended 31 December 2008. 
 
 
Revenues continued to grow during the second half of the year at a pace similar 
to that of first six months, totalling $58m - $59m for the year, compared with 
$44.3 million last year. 
 
 
Revenue growth was generated mostly within the law enforcement market, which 
continued to expand and provide growth opportunities for the group. These were 
notably larger scope contracts that were signed in the US and multiple 
programmes in the US, Europe and  elsewhere  which continued to expand their use 
of remote offender monitoring.Dmatek's eldercare business  was seemingly 
affected by the economic downturn and US housing market conditions as was 
reflected in the results of the first six months of the year. This trend 
continued through the second half of the year, nevertheless we were able to 
successfully engage new customers and saw an increase in average deal size. 
 
 
Since the beginning of the year, the Company has engaged in a deal to lease 
offender monitoring  systems in Colombia. The Colombian administration programme 
as laid out will incorporate both Global Positioning (GPS) tracking systems and 
Radio Frequency (RF) presence monitoring units. 
 
 
Last month, the company announced a proposed acquisition by Private Equity 
firm Francisco Partners at GBP2.15 per share. 
 
Yoav Reisman, Chief Executive Officer commented:  "I am very pleased with our 
strong performance over the year both operationally and financially. We believe 
that our robust business model, technology offering and widely distributed 
customer base are the cornerstones of our continued success.  Reisman added: 
"the Board is supportive of the proposed transaction which offers shareholders 
an excellent premium and leaves the company with a strong financial backing for 
its continued operations. With strong operating cash generation, no gearing, and 
a strengthening order book, I remain confident in the Group's prospects going 
forward." 
 
Media & Investor Enquiries: 
 
 
Dmatek Ltd. 
Idit Mor, Michal Marx  mobile: [phone] 
[e-mail] ; [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, Elmo-Tech Ltd., which addresses 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 over 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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