Calnex Solutions PLC AGM Statement (0241J)
19 Agosto 2021 - 01:00AM
UK Regulatory
TIDMCLX
RNS Number : 0241J
Calnex Solutions PLC
19 August 2021
19 August 2021
Calnex Solutions plc
("Calnex", the "Company" or the "Group")
AGM Statement
Calnex Solutions plc, an established provider of test and
measurement solutions for the global telecommunications sector, is
pleased to provide an update on trading ahead of its Annual General
Meeting taking place at 9am today.
Calnex has continued to achieve strong trading and good order
levels in the first quarter of FY22, in line with the Board's
expectations. Of note in the first few months of the year has been
a positive response to the Group's enhancements to its Lab Sync
platform, Paragon-Neo, with customers placing encouraging levels of
pre-orders ahead of launch later in the year. This new
functionality will support testing on the very high speed 400G
interface and the new PAM4 interface format. This is a key
technology development which is expected to be widely adopted, as
organisations upgrade their network infrastructure to cope with the
increasing amount of data as a result of the increase in cloud
computing and evolution to 5G. Additional recent product
developments include the enhancement of our Field Sync platform
with, what the Board believes is, the unique ability to test 5G
Networks alongside the 3G and 4G support already available,
increasing the attractiveness of the platform as telecoms operators
look to maintaining their new 5G networks. Whilst cognisant of the
uncertainty in the wider industry over the ongoing global
semiconductor shortage, the Group has not experienced any negative
impact on the ability to manufacture and ship product to date, and
the Board continues to monitor the situation closely.
The Company was also pleased to receive a Gold standard
accreditation from Investors in People, reflecting recognition of
Calnex as an organisation with the very best in people management
excellence.
The strength of trading and positive evolutionary trends
affecting the telecoms sector described above provide the Board
with continued confidence in Calnex's ability to deliver on its
growth strategy and a positive outcome to the year in line with
current market expectations.
For more information, please contact:
Calnex Solutions plc Via Alma PR
Tommy Cook, Chief Executive Officer
Ashleigh Greenan, Chief Financial Officer
+44 (0)131 220
Cenkos Securities plc - NOMAD 6939
Derrick Lee, Peter Lynch
+ 44(0) 20 3405
Alma PR 0213
Caroline Forde, Harriet Jackson, Joe Pederzolli
Overview of Calnex
Calnex designs, produces and markets test instrumentation and
solutions for network synchronization and network emulation,
enabling its customers to validate the performance of the critical
infrastructure associated with telecoms networks. To date, Calnex
has secured and delivered orders to over 600 customer sites in 68
countries across the world. Customers include BT, China Mobile,
NTT, Ericsson, Nokia, Intel, Qualcomm, IBM and Facebook.
Founded in 2006, Calnex is headquartered in Linlithgow,
Scotland, with additional locations in Belfast, Northern Ireland
and California in the US, supported by sales teams in China and
India. Calnex has a global network of partners, providing a
worldwide distribution capability.
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END
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