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DDD Group expects interim revenues to double as 3D demand grows

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DDD Group (LON:DDD) said that trading has been in line with projections as demand for 3D systems continued to increase, leading it to expect half yearly revenues of US$2.3 million.

Investors welcomed the report, sending shares in DDD up 4.5 percent to 28.75 pence in early deals, giving the company a market cap of £38.4 million.

The expected first half sales represent an increase of 138 percent over revenues in the first half of 2010 and 121 percent compared to the second half of 2010. Gross margins are expected to reach 96 percent, said DDD.

Revenues were driven by stronger sales of products that include its TriDef software, which converts video from 2D to 3D.

Based on royalty reports, the number of units of TriDef software shipped by licensees in the TV and PC markets jumped 268 percent over the first half of 2010.

Meanwhile, demand for DDD’s products in the PC market continues to grow with seven more license agreements signed with Intel, Samsung, LG Electronics, Chimei Innolux and two other PC manufacturers.

Some of these new licensees started shipment in the second half of 2011.

In the TV market, Samsung began shipping Blu-ray disc players and PC monitors incorporating the Group's 2D to 3D conversion technology under license during the first half.

DDD has also said that it has managed to expand its patent portfolio, adding further patents in the United States, Japan, China and the Philippines for its 2D to 3D conversion and 3D encoding technologies.

This brings the total number of currently issued patents to 53 across 24 countries.

The group expects to publish its interim results in late September.

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AIM:DDD
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