APC Technology Group PLC Business Update and Notice of Results (1208X)
May 04 2016 - 2:00AM
UK Regulatory
TIDMAPC
RNS Number : 1208X
APC Technology Group PLC
04 May 2016
4 May 2016
APC Technology Group PLC
("APC" or the "Group")
Continuing strong order book and notice of interim results
Component Division: Continuing strong order book
Year to date ("YTD") bookings of GBP9.7m to the end of April in
our component division have continued the strong booking
performance reported in November 2015 and March 2016. The YTD
monthly average of nearly GBP1.25m is a significant increase over
prior year run rates. These bookings will translate into revenues
in H2 and into the new fiscal year.
Minimise Energy: New LED distribution deal signed with European
manufacturer
Minimise Energy has signed a distribution deal for the UK with
OMS Lighting ("OMS"). OMS operates globally with annual revenues of
EUR75m. Major markets include Germany and France with OMS's largest
distribution partner in those territories achieving revenues of
EUR7m per year. The short lead times and extended, innovative
product line they offer allows Minimise to enter the new-build and
construction lighting markets in the UK on a cost competitive,
de-risked basis with a significantly shortened working capital
cycle. The Board believes that these markets represent significant
new potential revenue streams for the Group which will sit
alongside the existing turnkey lighting projects business.
Minimise Solutions: Winning new business with measurement &
verification offering
EEVS, the measurement and verification ("M&V") team within
Minimise Solutions, has won a new, long-term contract with a major
UK financial services business to provide services to ensure the
accurate monitoring and reporting of its compliance and resource
reduction achievements across its significant property
portfolio.
This contract win highlights Minimise Solutions' ability to help
organisations manage their use of energy, water and other resources
more efficiently and profitably. Its expert team offers a range of
strategic and advisory services supported by innovative
technologies to monitor, measure, analyse and verify energy and
water usage, using the intelligence gathered to drive continuous
operational improvement and deliver targeted financial savings.
Interims announcement
The Board is pleased to confirm that, in line with prior years,
the interim results for the six-month period to 29 February 2016
will be announced on Tuesday 31 May 2016.
Richard Hodgson, Chief Executive of APC Technology Group PLC,
commented:
"The progress that we continue to make throughout the Group is
significant and a direct result of the daily focus of our staff and
their commitment to creating a growing and innovative business. The
momentum represented by our component division order book, our new
LED lighting product range that allows us to enter the wider
lighting market, and the recognition of the intelligence that we
offer clients through our Solutions business, puts us in a
fantastic position to drive profitable growth across the
Group."
Enquiries:
APC Technology Group PLC 01634 290 588
Leonard Seelig, Chairman www.apc-plc.co.uk
Richard Hodgson, Chief Executive
Cantor Fitzgerald Europe Limited
(Nominated Advisor and Broker) 020 7894 7000
Andrew Craig / Richard Salmond
Redleaf Communications (Financial
PR) 020 7382 4730
Rebecca Sanders-Hewett / David Ison / Susie Hudson
This information is provided by RNS
The company news service from the London Stock Exchange
END
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