Company Update

Despite the current economic climate the Company continues to invest in its business infrastructure, plant and equipment and in its people.

Business Infrastructure

The current ERP system is being upgraded, Microsoft Dynamics AX2009 software and new hardware has been procured, the software is being configured to the business; the end of April is the scheduled release date.

Preparations for the final phase of the ERP system are at an advanced stage; the implementation will follow the upgrade, the end of May is the target date.

Plant

The capabilities highlighted in the web site are being enhanced by the acquisition of a modular clean room to ISO Class 7 standard (Class 10,000) to cater for assembly requirements within a controlled environment. The facility is scheduled to be operational by the end of May.

People

The commitment made to maintain our exceptional skill base by recruiting four personnel to undertake a modern apprenticeship in engineering in August 2008, will, as these apprentices near the end of their period of “off the job” training, be extended by the recruitment of additional apprentices in August this year.