Ubisense Group PLC Half Year End Trading Update (7939M)
21 Julho 2014 - 3:00AM
UK Regulatory
TIDMUBI
RNS Number : 7939M
Ubisense Group PLC
21 July 2014
21 July 2014
Ubisense Group plc
Half Year End Trading Update
Cambridge, UK - Ubisense Group plc ("Ubisense" or the "Company")
(AIM: UBI), a market leader in real time location intelligence
solutions, provides the following update on trading performance for
the half year to 30 June 2014.
The Group has made substantial progress with its transition
towards a Solutions-focused business model during the first half.
Traction with our Smart Factory System and MyWorld products has
been evidenced by the considerable number of new customer wins and
extensions signed in the period, helping to deliver a c.45%
increase in Solutions revenue compared to the same period last
year.
The strong customer momentum has helped Ubisense achieve
revenues of c GBP17m 40% up on the prior year and a closing order
book as of 30 June 2014 of GBP16m. As a result the Group is
confident it is on track to deliver results in line with the
Board's expectations.
Notable new Solutions customers in the period included Audi,
General Motors, Duke Energy and Central Hudson. The Group was also
able to expand its presence with a number of existing customers
such as Airbus, Deutsche Telekom, Hyundai, VW, Cummins and another
tier one German automotive manufacturer, where our Smart Factory
solution is now deployed on seven assembly lines across multiple
plants.
Following a smooth integration, Ubisense's Asia-based
acquisition, Geoplan Group, continues to make strong progress
winning a number of early stage deployments of Smart Factory System
and myWorld with major strategic customers in Japan and Korea
including Toyota, Hyundai, KEPCO and NTT.
The Group has also made positive advances through its enterprise
partnerships with Google, and Atlas Copco, actively pursuing
business opportunities together for both the myWorld and Smart
Factory product suites.
The Group has a strong balance sheet position with cash,
deposits and securities of GBP5.5m and drawn debt facilities of
GBP4.8m as at 30 June 2014.
Ubisense expects to report its final results for the half year
ended 30 June 2014 on Tuesday 16 September 2014.
-ENDS-
Contact:
Ubisense Group Tel: +44 (0) 1223 535170
Richard Green
Robert Parker
Canaccord Genuity Limited (NOMAD) Tel: +44 (0) 20 7523 8000
Simon Bridges
Lucy Tilley
FTI Consulting Tel: +44 (0) 20 7831 3113
Jon Snowball
About Ubisense
Ubisense is a market leader in real time location intelligence
solutions which enable 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
AGCO, Airbus, Aston Martin, BMW, Cablevision, Daimler, Deutsche
Telekom, Duke Energy, John Deere, MINI and VW.
Ubisense is headquartered in Cambridge, UK, with offices in the
USA; Canada; France; Germany; Japan; Korea and Singapore. For more
information visit: http://www.ubisense.net
This information is provided by RNS
The company news service from the London Stock Exchange
END
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