Zytronic PLC Replacement of Auditor (4867X)

TIDMZYT

RNS Number : 4867X

Zytronic PLC

28 August 2020

Zytronic plc

("Zytronic" or the "Company" and, together

with its subsidiaries, the "Group")

Replacement of Auditor

Zytronic plc, a leading specialist manufacturer of touch sensors, announces that on economic grounds the Company undertook a tender process for the role of auditor during the year.

The Board has now received the resignation letter from the Company's current auditor, Ernst & Young LLP ("EY"), in which EY stated:

"In accordance with section 519(1) of the Companies Act 2006, we are ceasing to hold office following a competitive tender and another firm of auditors has been appointed."

The Company has subsequently appointed Crowe UK LLP as a successor to EY. A copy of the resignation letter received from EY will be sent shortly to shareholders, in accordance with the Company's obligations under Section 520(2) of the Companies Act 2006.

Enquiries:

 
 Zytronic plc 
  Mark Cambridge, Chief Executive 
  Claire Smith, Group Finance Director    0191 414 5511 
 N+1 Singer (Nominated Adviser and 
  Broker) 
  Aubrey Powell, Alex Bond (Corporate 
  Finance) 
  Rachel Hayes (Corporate Broking)        020 7496 3000 
 

About Zytronic

Zytronic is a world-renowned developer and manufacturer of a unique range of internationally award winning optically transparent interactive touch sensor overlay products for use with electronic displays in industrial, self-service and public access equipment.

Zytronic's products employ a sensing solution that is readily configurable and embedded in a laminate core that offers significant durability, environmental stability and optical enhancement benefits to system designers specific requirements.

Zytronic has continually developed process and technological know-how and IP since the late 1990's around two sensing methodologies; the first being single touch self-capacitive which Zytronic markets as PCT(TM) ("Projected Capacitive Technology") and the second being multi-touch, multi-user mutual-capacitive which Zytronic markets as MPCT(TM) ("Mutual Projected Capacitive Technology"), in which Zytronic holds five granted patents.

Zytronic operates from a single site near Newcastle-upon-Tyne in the United Kingdom. Zytronic is relatively unique in the touch eco-system as it offers a complete one-stop solution from processing internally the form and factor of the glass substrates, assembles their touch overlay products to customers specific requirements, in environmentally controlled cleanrooms and develops the bespoke firmware, software and electronic hardware to link the interactive overlays to customer's integrated systems and products.

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August 28, 2020 07:08 ET (11:08 GMT)