APC Technology Group PLC Date of Interim Results and Recent Milestones (0496I)
19 March 2018 - 6:01PM
UK Regulatory
TIDMAPC
RNS Number : 0496I
APC Technology Group PLC
19 March 2018
19 March 2018
APC Technology Group PLC
("APC" or the "Company")
Date of interim results and recent business milestones
Date for interim results announcement
APC Technology Group PLC (AIM: APC), the provider of design-in,
specification and distribution services for specialist electronic
components and systems, lighting technologies and connectivity
products, is pleased to confirm that the interim results for the
six-month period to 28 February 2018 will be announced on Tuesday
17 April 2018.
Recent Business Achievements
APC's lighting division has celebrated completing its 500th
lighting installation project since it was acquired by APC in 2013.
The 500 projects span 268 customers within retail, leisure,
commercial real estate, warehousing and logistics and equate to
420,000 LED luminaires supplied and installed, generating GBP38.5
million in revenue. The division is now firmly established as a
provider of turnkey lighting solutions to property and facility
management companies.
Elsewhere across the business, APC Hi-Rel, supplier of high
reliability components to aerospace and defence, has been named in
the top 2% of BAE Systems' electronic systems sector suppliers at
the BAE Partner 2 Win symposium in America on 6th March 2018. The
event recognised BAE's best-in-class suppliers based on quality and
delivery.
From 1st March 2018, APC's latest acquisition First Byte Micro
Limited has been rebranded APC Locator. This positions the
division, that provides sourcing, testing and component
obsolescence management services, as an integral part of APC's
offering.
Richard Hodgson, CEO of APC Technology Group, commented:
"Following our return to a profitable base, our business is
showing strong momentum. Hi-Rel's recognition by BAE as a high
quality supplier of electronic components is testament to the value
that our technical design-in and logistics expertise brings to our
customers and manufacturing partners.
Having refocused our lighting division business model to provide
bespoke lighting solutions to facilities management and property
management companies, the lighting business is capitalising on a
rise in commercial properties seeking to improve their energy
efficiency to comply with MEES (Minimum Energy Efficiency
Standards). The 500th project is a significant milestone and it is
satisfying that it was completed for one of our key property
management partners.
As set out in our 2017 annual results presentation which is
available on our website, we are concentrating on three main growth
drivers: growth through increased bookings from our existing
technologies, in particular those that sit in high growth markets;
growth through the signing of new complementary product lines; and
growth through targeted bolt-on acquisitions. Following the
acquisition of First Byte Micro in January 2018 it is encouraging
to see that the company is now firmly bedded in with our existing
component business and accessing our extensive customer base."
Enquiries:
APC Technology Group PLC +44 (0) 330 313 3220
Richard Hodgson, Chief Executive www.apcplc.com
Michael Thompson, Finance Director
Stockdale Securities Limited (Nominated Adviser and Broker) +44 (0)20 7601 6100
Mark Brown / Antonio Bossi / Edward Thomas
This information is provided by RNS
The company news service from the London Stock Exchange
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