22 February 2011
Sarantel Group PLC
Sarantel Group PLC, (AIM: SLG, "Sarantel"), a leading manufacturer of high-performance, miniature filtering antennas for mobile and wireless devices, has received a development order from a US defence contractor. Some of the development order funding, of $287,500, has already been received, and the remainder is expected to be received over the coming months. The order is to develop two compact, high-performance antenna designs for defence and security applications.
The US defence contractor will manage the development programme on behalf of a branch of the US military. The antennas are required to meet strict size, performance and weight requirements so they can be deployed in a wide range of devices.
David Wither, Chief Executive of Sarantel said:
"This is a tremendous endorsement for our technology and a vindication of our focus on the military sector; which is delivering tangible results. Our antenna technology is gaining momentum in this high-value market that demands high performance in a very small and robust package.
"Following the announcement on 18 February 2011, this order provides the Board with further confidence that near term monthly sales for the remainder of the financial year will improve with contributions from these funding revenues. As a result of this funded development programme, we will significantly expand our product portfolio which will benefit customers in other markets including professional GPS applications and two way satellite communication."
Enquiries
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Sarantel Group PLC |
01933 670 560 |
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David Wither, Chief Executive Officer |
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Seymour Pierce |
020 7107 8000 |
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John Cowie/ Freddy Crossley, Nominated Adviser |
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David Banks/Paul Jewell, Corporate Broking |
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College Hill |
020 7457 2020 |
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Adrian Duffield/Kay Larsen |
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About Sarantel
Sarantel is a leader in the design of high-performance miniature antennas for portable wireless applications including hand-held navigation, personal and asset tracking, satellite radio and satellite phones. Sarantel's revolutionary ceramic filtering antennas offer dramatically improved performance over existing antenna designs, resulting in a clearer signal, better range and a 90 percent reduction in the amount of signal radiation absorbed by the body. With their smaller size and higher capabilities, Sarantel's antennas enable the creation of innovative portable devices for a wide range of wireless applications. www.sarantel.com