Zettlex Reports Financial Results

Zettlex posts solid financial results for 2008 and reports good prospects for 2009.

We are pleased to report that Zettlex’s sales for the company’s financial year 2007/08 were £1,4M.  Our forward workload is good with order coverage for more than 12 months.  Importantly, during 2008, Zettlex acheived a number of significant design wins which will form the basis for accellerated growth during 2008/09 and beyond, in spite of the economc downturn.  Such design wins are a very important milestone since they mark the successful completion of engineering work and the potential for accellerated revenue growth as production begins.  Encouragingly, design wins have been acheived in a wide variety of applications and market sectors – most notably in aerospace, defence, petrochem, industrial and marine.  We plan to increase our sales & marketing efforts during the coming year and in Q1/Q2 we will be announcing some important product launches.  Profit as a percentage of turnover was modest during 2007/08 due to investments in R&D, recruitment, production & test equipment.  Our R&D portfolio is especially promising and is beginning to yield innovations in materials science and microelectronics which, in turn, enable our sensors to increase their accuracy and operating enveleope.