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TEO - Ready to go into Orbit!
zinco1 - Fri, 29 Dec 06 :
Tecteon Preliminary Results
RNS Number:7832O
Tecteon PLC
29 December 2006
TECTEON PLC
Tecteon Plc ("Tecteon" or "the Company") (AIM:TEO),
Preliminary Results for the Year ended 30 June 2006
Tecteon, the software developer for the voice quality and telecommunications
markets, announces its Results for the Year ended 30 June 2006.
Key highlights:
* Bluetooth headsets, utilising Tecteon software under licence to Qstik
plc, are manufactured and sales have already started.
* Tecteon participated in a national campaign for Acoustic Shock and
hearing protection awareness during 2006 via publications and conference
attendances.
* Profit for the period: #149,420; (2005:Loss #1,353,026). Profit included
net gain of #895,858 on disposal of oil and gas subsidiary Dominion Energy
Plc.
Masoud Alikhani, Chairman, Tecteon PLC, commented:
"Qstik have marketed the Bluetooth headsets and the sales outlook for 2007 is
optimistic. Tecteon has continued its negotiations with Qstik plc and Clement
Clarke Communication following our initial discussions back in early 2006. A
further announcement on this will be made during the first quarter of 2007."
29th December 2006
For further information please contact:
Tecteon PLC Tel: 020 7408 1181
Masoud Ahmadi, Managing Director
Conduit PR Tel: 020 7429 6666
Laurence Read/Christian Taylor Wilkinson Mob: 07979 955 923
EXECUTIVE DIRECTOR'S REVIEW
Voice quality market
I am pleased to report that following delivery of final voice quality software
stack during the latter part of 2006, Qstik plc has manufactured the mobile
Bluetooth headset which is now on sale.
Tecteon is in negotiation with Clement Clarke International Group, in lieu of a
debt currently owed to Tecteon.
Tecteon has continued negotiations with Qstik following our earlier announcement
in 2006. The final conclusion of the negotiations will be announced in first
quarter of 2007.
QSTIK'S first product is the QSTIK EVOQ - a revolutionary Bluetooth mobile
headset, which has undergone an extensive independent evaluation test, and has
been voted one of the top three products (out of 150 entrants) in the 2006 3GSM
mobile innovation Awards. The product has been available for sale for the past
two months. Qstik expects to launch a number of new products during 2007.
Tecteon has further enhanced its acoustic shock and hearing protection by adding
its customised adaptive noise canceller. This was presented in Acoustic Safety
Programme, initiated by Tecteon, which was a strong campaign for the call centre
European Noise Directive and acoustic safety awareness during 2006. This is an
on going process, and Tecteon has continued to raise awareness via a number of
publications as well as being a silver sponsor of the Acoustic Safety Programme
in Glasgow during November 2006. This programme was also supported by the
Department of Trade and Industry (DTI), the Institute for Occupational Safety
and Health (IOSH), the Communication Workers Union (CWU), and the Call Centre
Management Association (CCMA).
Results for the year
For the year ended 30 June 2006, the group turnover was #966,186 compared with
#227,218 for the same period in prior year. The profit for the year amounted to
#149,420 compared with a loss of #1,353,026 for the prior year.
The turnover includes #130,230 (2005: #156,761) in respect of the oil and gas
subsidiary which was disposed of by February 2006. The results include a profit
of #895,858 on the disposal of the Company's interest in the subsidiary.
M A Alikhani 29 December 2006
Executive Director
TECTEON PLC
GROUP PROFIT AND LOSS ACCOUNT
for the year ended 30 June 2006
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