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Additional Information

Market:	AIM
Sector:	Technology
EPIC:	SLG
Latest Price:	0.52 (0.00%)
52-week High:	0.95
52-week Low:	0.50
Market Cap:	4.31M

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Sarantel Full Sarantel profile here

Sarantel’s revolutionary ceramic filtering antennas offer dramatically improved performance over existing antenna designs, resulting in a clearer signal, better range and a 90 per cent reduction in the amount of signal radiation absorbed by the body.

Sarantel Group increased revenues by 30 per cent in H2 2011 amid “challenging” conditions

Wednesday, October 19, 2011 by Jon Mainwaring

Specialist antenna manufacturer Sarantel Group (LON:SLG) reported this morning that its revenues increased by 30 per cent during its second half amid challenging trading conditions in the company’s core consumer GPS market.

In a mixed trading update, the firm said that unit sales had increased by 21 per cent during the six months to the end September but that total revenues for the entire year are expected to be down 24 per cent on the previous financial year at £2.2 million. This, said the firm, is largely due to delayed orders announced at the half-year stage from two of the group’s largest customers.

However, revenues from the development of new products increased by 143 per cent during the year as the firm’s investment in research and development “continues to bear fruit”.

Sarantel said that it made significant progress in developing its sales and distribution network, which has helped it add more than 250 new customers during the year.

Meanwhile, the firm said it continues to make strong progress in military and other high-value markets, receiving customer funding to develop a number of rugged GPS and satellite communications antennas that are now being sold as part of a growing portfolio of high-value products.

The firm added that it shipped products to more than 450 customers during the year and it also announced today that it has successfully completed field trials with a major Japanese camera manufacturer. GPS antennas installed in cameras allow the recording of the geographical location of a photograph, and Sarantel said that the small size and high performance of its GeoHelix GPS technology make it particularly well suited to this application.

Sarantel added that at the end of September it had a net cash balance of £1.2 million.

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