Zytronic PLC Trading Update (6395L)

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RNS Number : 6395L

Zytronic PLC

14 September 2021

Zytronic plc

("Zytronic" or the "Company")

Trading Update

Zytronic, a leading specialist manufacturer of touch sensors, provides the following trading update.

At the time of our interim results in early May 2021 we commented on the start of an improvement in sales as a basis for expecting a gradual return to profitability.

We are pleased to report the continuation of an improvement in sales during the second half, currently running at more than 30% ahead of the first half, which has enabled a faster return to profitability and reversal of the first half loss.

Revenues and profits for the full year to 30 September 2021 are now expected to be ahead of market expectations and we plan to provide a further update in due course.

Enquiries:

 
 Zytronic plc 
  Mark Cambridge, Chief Executive 
  Claire Smith, Group Finance Director    0191 414 5511 
 Singer Capital Markets (Nominated 
  Adviser and Broker) 
  Aubrey Powell, Rachel Hayes, Amanda 
  Gray                                    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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September 14, 2021 02:00 ET (06:00 GMT)