Ubisense Group PLC Half Year End Trading Update (4691J)
17 Julho 2013 - 3:00AM
UK Regulatory
TIDMUBI
RNS Number : 4691J
Ubisense Group PLC
17 July 2013
17 July 2013
Ubisense Group plc
Half Year End Trading Update
Investor and Analyst Teach-in
Cambridge, UK - Ubisense Group plc ("Ubisense" or the "Company")
(LSE: UBI), a market leader in location based smart technology,
provides an update on trading performance for the half year to 30
June 2013.
During the period the Group achieved record orders of approx.
GBP17 million - an increase of 83% over the same period in 2012.
This significant increase in orders across the whole business is a
reflection of the increased demand for the company's software
solutions encompassed in its real time location intelligence
platform being adopted by leading Manufacturing Companies, Telecoms
and Utilities. New orders include major blue chip customer
wins.
The Group has a strong balance sheet and had net cash of GBP2
million at 30 June.
Richard Green, Chief Executive, said: "The group has had a
tremendous start to 2013 resulting in a strong order book and good
forward momentum. We expect this momentum to continue into the
second half, which gives the Board confidence in meeting its
expectations for the year."
Ubisense is hosting an event for investors and analysts today at
3pm at the offices of FTI Consulting. Ubisense management and
representatives from Google and Cablevision will present the
technology and business drivers that are influencing customers'
current needs. These drivers are leading to a market where indoor
and outdoor technologies, and Internet data and customers' own
enterprise data are increasingly converging. This means that the
needs of Ubisense's utility and telecom customers - traditionally
buyers of Ubisense's Geospatial divison - are merging with those in
the manufacturing industry - who traditionally buy from Ubisense's
RTLS product suite. With software and services addressing all of
these customer needs, Ubisense is seeing excellent new
opportunities for growth, as evidenced by the changing face of its
order book in H1. The presentation to be given will be available on
Ubisense's corporate website (www.ubisense.net) and no new
financial information will be disclosed.
Ubisense expects to publish Preliminary Results for the half
year to 30 June 2013 in the week commencing 9 September 2013.
-ENDS-
Contact:
Ubisense Group Tel: +44 (0) 1223 535170
Richard Green
Gordon Campbell
Canaccord Genuity Limited (NOMAD) Tel: +44 (0) 20 7523 8000
Simon Bridges
Lucy Tilley
FTI Consulting Tel: +44 (0) 20 7831 3113
Jon Snowball
Tracey Bowditch
About Ubisense
Ubisense is a market leader of location-based smart technology
which enables companies to optimise their business processes. By
keeping track of key assets, Ubisense solutions bring clarity to
complex operations whilst also improving quality and reliability.
Ubisense Real-Time Location Intelligence Solutions are used by a
number of blue chip customers across the world, such as Aston
Martin, Cablevision, Daimler, Deutsche Telekom, Duke Energy,
Eurocopter, Hyundai, John Deere, MINI and Puget Sound Energy.
Ubisense is headquartered in Cambridge, UK, with offices in the
USA; Canada; France; Germany and Singapore. For more information
visit: www.ubisense.net.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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