Zytronic PLC Trading Update (5374M)
22 Enero 2021 - 1:00AM
UK Regulatory
TIDMZYT
RNS Number : 5374M
Zytronic PLC
22 January 2021
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) No 596/2014 ("MAR")
Zytronic plc
("Zytronic" or the "Company")
Trading Update
Zytronic, a leading specialist manufacturer of touch sensors,
provides the following trading update.
As announced in our Final Results release issued on 8 December
2020, Zytronic has adjusted its operations to take into account
lower levels of demand resulting from the ongoing Coronavirus
pandemic and related restrictions. The downturn in sales
experienced in the second half of last year has now levelled out at
approximately GBP2.0m for the quarter to 30 September 2020 and the
first quarter of this financial year to 31 December 2020.
The reorganisation and cost reduction measures undertaken by
management last year have enabled us to maintain a positive EBITDA
and we have seen a slight increase in orders in the new financial
year to date. However, with the constraints imposed by the
Coronavirus pandemic, that are affecting our major overseas markets
such as Gaming, it is difficult to foresee a return to profits in
this financial year, and a recovery to historic levels will depend
on how quickly there is an effective vaccination programme enabling
a return to normality.
Enquiries:
Zytronic plc (0191 414 5511)
Mark Cambridge, Chief Executive
Claire Smith, Group Finance Director
N+1 Singer (Nominated Adviser & Broker) (020 7496 3000)
Aubrey Powell, Amanda Gray (Corporate Finance)
Rachel Hayes (Corporate Broking)
Notes to Editors
Zytronic is a 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 is embedded in a laminate core which 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 a number of GB and
international granted patents.
Operating 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.
Further information on the Group can be found on the Company's
corporate website www.zytronicplc.com , and additional information
on the Company's technology and products is available at
www.zytronic.co.uk
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END
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