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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Sarantel A | LSE:SLG | London | Ordinary Share | GB00B9MRZS43 | 'A' ORD 0.01P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.30 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Sarantel Group PLC 31 August 2005 For immediate release 31 August 2005 Sarantel Ships Its One-Millionth Antenna * One-Millionth Sarantel GeoHelix(R) antenna shipped to GPS Manufacturer Globalsat * UK plant recently increased capacity to meet surge in global demand for precision GPS antennas * Two-millionth antenna is just around the corner! Sarantel Group plc ("Sarantel"), the leading manufacturer of revolutionary filtering antennas for wireless devices, announces today that it has just shipped its one-millionth antenna since the company began manufacturing in 2002. The GeoHelix-SMP GPS antenna went to customer Globalsat Technology Corporation of Taiwan. 'It's a big day for small antennas!' enthused David Wither, Sarantel's CEO. 'One million is a huge milestone. What started as a dream in 2000 to bring the world's best GPS antennas to market is coming to fruition as our invention becomes a commercial success. We're proud to have built a high tech, high volume manufacturing plant in the UK where we continue to innovate.' Since its IPO, Sarantel has invested heavily in capacity to meet its customers' growing demand. The market for small, portable, and handheld GPS products has exploded in recent years. ABI Research recently reported a 5-year compound growth rate for Sarantel's addressed markets in excess of 40% per year. Sarantel has seen much stronger growth in demand as it builds market share and revolutionises consumer GPS products. Sarantel's high-performance GPS antennas are manufactured in Wellingborough with precision equipment custom designed by its own manufacturing team led by COO, Bill Taylor. 'Our business has grown more than 400% in the past year, and as a result we had to completely focus on keeping our operation ahead of the game. We have a great team that is constantly challenging themselves to find new ways to increase throughput and improve the quality of product we ship. I'm very proud of them,' said Taylor. Company founder and CTO Oliver Leisten commented: 'We started with a vision that wireless was going to be ubiquitous, and that consumers would demand smaller devices that still perform well. No market has exemplified that vision better than GPS, and our technology simply makes GPS work in small devices.' While this sounds pretty basic, conventional GPS antennas have tremendous difficulty performing well in small products, particularly those held by a person or that employ multiple radios. Sarantel's PowerHelix(TM) antenna technology specifically addresses the problems of these types of products, and with the shipment of the millionth antenna, Sarantel has proven its ability to manufacture its unique products in high volume. Wither concludes: 'I'm thrilled and incredibly proud of the Sarantel team whose innovation, dedication and hard work has brought us this far. Watch for our two millionth antenna to be shipped in the months to come!' -ends- For further information please contact: Sarantel Group PLC www.sarantel.com David Wither, CEO/Sitkow Yeung, CFO 01933 670560 Smithfield 020 7360 4900 Sara Musgrave/Sarah Richardson Pictures are available for the media to view and download from www.vismedia.co.uk About Sarantel Sarantel designs, manufactures and sells patented, ceramic, filtering antennas for use in portable wireless devices such as PDAs, laptops and 3G mobile devices. Its current focus is on producing antennas for the GPS market which allow a clearer signal than conventional antennas whilst reducing the amount of energy absorbed by the head by approximately 90 per cent. The antennas simplify system design, thus allowing design standardisation and reduced time to market and cost for manufacturers. As well as GPS, Sarantel's antennas are designed to service Wi-Fi, 3G and Bluetooth platforms which are expected to be a key element in the future success of mobile network operators and device manufacturers. Sarantel's antennas can significantly increase the range and effective bandwidth of Wi-Fi devices and Sarantel is planning to commence high volume delivery of its antennas into the satellite radio market within the next 12 months. Sarantel listed on AIM, a market operated by the London Stock Exchange, on 2nd March 2005 at an issue price of 82p. Sarantel is included in the IT Hardware sector (93) within the Telecommunications equipment sub-sector (938) and has a RIC code of SLG.L This information is provided by RNS The company news service from the London Stock Exchange END NRADGGFRZMRGKZM
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