Eleksen partners with Intel
Eleksen Group PLC
18 April 2007
Eleksen Provides Ultra-Mobile PC Ecosystem With Innovative Data Input Products
Leading Smart Fabrics Company to Provide Fabric-based Interactive Soft-goods
Peripherals for Intel based UMPC
INTEL DEVELOPER FORUM, Beijing, April 18, 2007 - Eleksen Group plc (AIM:ELG.L), the inventor and manufacturer of ElekTex(R) smart fabric touchpads for consumer electronics, today announced that it has been selected as an UMPC ecosystem partner by Intel to deliver a range of ElekTex-based solutions for Intel based Ultra-Mobile PC (UMPC) and MIDs (Mobile Internet Devices).
http://www.investegate.co.uk/Article.aspx?id=200704180700280359V
Final Results
18th April 2007
Eleksen Group plc, which makes smart fabrics that can be used to control electronic devices such as smart phones and MP3 players, today reported its first annual results following the Company's admission to AIM in May last year.
The results show 167% sales growth over the previous year, with the number of units delivered increasing to 368,970, over three times that achieved during the previous year.
Financial Highlights
Turnover 3.5 million
Turnover up by 167% over same period 2005
Operating loss 4.2m, including reverse takeover costs, in line with
expectations
Unit cost reduction programme achieved helping drive volume growth
Launch of Fabric Bluetooth Keyboard - 50,000 units delivered in Q4
Convertible Loan note raises 1.68m gross and a further 4m gross after the year end
Operational Highlights
Successful development of production capability
Increasing repeat business from existing customers. Development of
customer relationships including:
+ Belkin: a major Apple iPod accessory supplier
+ Goodhope Bags: US distributor of Bluetooth Keyboard
+ Microsoft: Sideshow product to run under Vista
+ Bagir: suit provider to Marks & Spencer
+ Zegna: fashion designer
Development of Ultra Mobile PC fabric keyboard prototype for Intel and Microsoft
Resource development with staff levels up from 21 to 35
Appointment of Chief Technical Officer to the Executive team
http://www.investegate.co.uk/Article.aspx?id=200704180700380405V