IndigoVision Group PLC AGM Trading Update (3464O)

TIDMIND

RNS Number : 3464O

IndigoVision Group PLC

17 May 2018

17 May 2018

IndigoVision Group plc ("IndigoVision" or the "Group")

AGM Trading Update

At the Annual General Meeting to be held at 11am today, the Board will update shareholders on trading as follows:

"IndigoVision reports that, in the four months to 28 April 2018, sales have shown double digit growth over the prior year with a corresponding reduction in losses, in line with expectations. As in previous years, sales are expected to be weighted towards the second half of the year and the nature of our business is that the precise timing of our orders is difficult to predict. Nevertheless, the current indicators support the Board's target to at least break even in the current year.

In line with the Company's innovative product roadmap, IndigoVision launched a number of new products at the recent ISC West trade show in April 2018. Following the launch of its award winning CyberVigilant product last year, IndigoVision's patent pending technology can now be deployed within much of the Company's range of cameras, providing a cost effective tool for monitoring cyber attacks at the edge of a customer's video surveillance network. The Company also launched the Integra all-in-one device, combining video storage and its Control Center video management software in a single piece of hardware. The Integra device is expected to drive new revenue from the SME market in the latter part of the year".

For further information please contact:

 
 IndigoVision Group plc             George Elliott (Chairman)    [phone] 
  Pedro Simoes (CEO) 
  Chris Lea (CFO) 
 
   N+1 Singer, Nominated Advisor      Sandy Fraser                 [phone] 
 Charlotte Street Partners,         Malcolm Robertson            [phone] 
  Media Enquiries                    Martha Walsh                 [phone] 
 

Notes to Editors

About IndigoVision

IndigoVision is a leader in the design and supply of high performance, highly-intelligent video security systems for security installations of differing sizes and complexity. From video capture and transmission to analysis and storage, IndigoVision's networked video security systems provide the best quality and most secure video evidence, using market leading compression technology to minimise bandwidth and reduce storage costs.

IndigoVision's technology is ideally suited for use in mission critical facilities such as government, oil and gas, transport, cities, industry, education, police, prisons and casinos to improve public safety, protect assets, develop organisations' operational efficiency and support law enforcement.

IndigoVision has sales and support teams in 24 countries and operates through 18 regional centres, in Edinburgh, London, Paris, Amsterdam, Dusseldorf, Johannesburg, Dubai, Mumbai, Singapore, Macau, Shanghai, Sydney, Mexico City, Toronto, Bogotá, New Jersey, Buenos Aires and Sao Paulo.

IndigoVision partners with a network of some 1,000 trained and authorised IndigoVision resellers to provide local system design, installation and servicing to IndigoVision's system users.

This information is provided by RNS

The company news service from the London Stock Exchange

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May 17, 2018 02:00 ET (06:00 GMT)