As usual the warning on ofex stocks not for widows or orphans.

What Does The Company Do.

Established in 1989, Spectrum Technologies is a world leader in the design and manufacture of specialised state-of-the-art industrial laser systems. Spectrum's flagship product is CAPRIS, a family of ultraviolet (UV) laser wire marking and processing systems, developed principally for the international aerospace market, for use in the manufacture and maintenance of complex aircraft electrical systems.

Outside of the aerospace industry the electronics, telecoms and IT sectors have
continued to make progress. The Company has embarked upon the development of
a range of new laser wire stripper products aimed at the electronics and
aerospace markets.

The Technology

Spectrum Technologies is committed to continuing to develop new applications of lasers for problems in advanced manufacturing.

CAPRIS UV Laser Wire Markers: permanent, safe, non-damaging, UV laser wire marking on extreme non-stick Teflon and other insulation materials
UV laser wire marking was originally developed in 1987 by Spectrum researchers to meet the needs of the international aerospace industry for a means of safely applying permanent identity codes to non-stick PTFE/Teflon and similar wire insulations, as well as fibre optics.

The UV laser marking process, pioneered by Spectrum, causes no damage and no change to the mechanical or electrical properties of the wire.

In direct contrast, the old hot stamp method, is views as an aggressive and potentially damaging process; as a result it is banned under SAE AS50881 (previously MIL 5088L) and similar specifications.

UV laser technology is now the de facto international standard for wire marking within the global aerospace industry. It allows marking of permanent, high quality, high fidelity, alphanumeric characters on a wide range of wire types down to 26 AWG (0.85 mm diameter), as well as multi core jacketed cable and some coaxial cables. Bar code marking can be successfully applied and read back on single core wires down to 30 AWG (0.60 mm diameter) and potentially smaller.

SIENNA Laser Wire Strippers:
Wire stripping is simply the removal of the insulation, which covers the electrically conducting wires, in order to make the wire ready for termination.

Conventional wire stripping techniques have developed to include mechanical, abrasive, chemical or thermal methods. But each method has its associated problems such as conductor damage, slow processing speed, a lack of precision and poor quality.


Mechanically stripped twin core shielded cable

Manual or semi-automatic mechanical, chemical or thermal wire stripping methods have well known quality assurance problems. The mechanical blade is the most widely used tool to strip wires. It is best suited to cutting through the insulation on a regular shaped circular cross-section wire; i.e. the humble single core wire. Even so, damage to the conductor may result from the use of blades that are worn or that do not fit the shape of the wire correctly or from inadequate control of the stripping process. Furthermore, mechanical methods are not well suited to stripping twisted or shielded cables that do not have a regular, circular cross-section.

Laser wire stripping, in contrast has a fast process time, excellent precision and outstanding process control. Most importantly, laser wire stripping eliminates contact with the wire and by using the correct laser type it is possible to completely eliminate the risk of damage to the conductor or shield.

Latest Half Yearly Results

SPECTRUM TECHNOLOGIES PLC
HALF YEAR STATEMENT TO 30 JUNE 2005


----------------------------------------------------
| |6 MONTHS TO |6 MONTHS TO |
| |30 JUNE 2005|30 JUNE 2004|
| |GBP 000'S |GBP 000'S |
----------------------------------------------------
|TURNOVER | 3,705 | 1,878 |
----------------------------------------------------
|GROSS PROFIT | 1,185 | 582 |
----------------------------------------------------
|INTEREST RECEIVED | 0 | 0 |
----------------------------------------------------
|PROFIT BEFORE TAX | 257 | (332) |
----------------------------------------------------
|PROFIT PER SHARE (PENCE)| 1.82 | (2.35) |
----------------------------------------------------
|NET CASH | 26 | (512) |
----------------------------------------------------
|ORDERS RECEIVED | 4,535 | 1,955 |
----------------------------------------------------
Note: The above figures are unaudited

Director Speak And Forecasts Going Forward

As noted in the Spectrum Technologies' 2004 report and accounts, the global
economy and the aerospace industry in particular have been making good
progress. We had been forecasting a turn up in business toward the end of 2004
for some time and I am pleased to be able to report that this has indeed
occurred on cue. The Company has had a strong first half winning a string of
key orders against the competition as sales of its new CAPRIS 60-200 wire
marker took off, including a major order from Boeing for 5 fully automated
systems. Sales of our other laser wire marking and stripping products have also
continued at good levels.

The Company started the year with a firm order book, set at GBP1.1M. Overall
total order intake for the first half was over GBP4.5M, up 230% over the same
period last year. In fact new orders for the first 5 months of the year
exceeded those booked for the whole of 2004; the order book at the end of the
first half stood at GBP2.0M. However, while the current business climate
continues to be positive, we believe we have captured a significant proportion
of the major orders available this year and would caution investors not to
expect the second half order intake to be as robust. Nevertheless we are well
positioned to exceed last year's full year sales total significantly and expect
to make group sales of at least GBP6.5M (GBP4.6M 2004).

I am particularly pleased to be able to announce that, following on from a
profitable second half last year, the Company booked first half profits of
GBP257K in the period to 30 June and that it is set to maintain profits
throughout the second half of this year, completing a transition back to
overall profitable business.

The company has continued to maintain tight control over cash. As we have
ramped up production to meet demand, this has resulted in an increasing working
capital requirement. However, with the increasing shipments and sales proceeds
I am pleased to report that the company was back in the black at the end of
June with a small positive balance of GBP26K. Bar the occasional fluctuation we
currently expect our cash position to continue to improve through the second
part of this year and to maintain a cash positive position as we progress
toward the year end.

Outside of the aerospace industry the electronics, telecoms and IT sectors have
continued to make progress. The Company has embarked upon the development of a
range of new laser wire stripper products aimed at the electronics and
aerospace markets. As we progress through 2005 and approach the year end the
current expectation is for a continued steady progress in both the these
sectors and to maintain a significant order book through into 2006 while
improving margins as the costs associated with recent new product introductions
reduces.

As royalties of up to GBP200,000 per annum are no longer payable to BAE Systems
after 31 December 2004 this will also benefit the company's future performance
and we anticipate an improving bottom line.

Peter Dickinson
CEO

Director Buys

http://www.ofex.com/story.shtml?ISIN=GB0002932084&NewsID=21411

http://www.ofex.com/story.shtml?ISIN=GB0002932084&NewsID=21444

Reporting

AGM
Interims By 29/09/2006
Finals By 31/05/2006

Fundamentals

Market Cap 2.86 (M)
Shares Issued 14105460
Directors Holdings 53.4
BAE own 20% of the share capital.

Company Website

http://www.spectrumtech.com/default.htm

Conclusion

1. Look way undervalued and in the next few weeks should hopefully give out good results for the year.

2. BAE have a 20% stake in this one.

3. The companys a World market leader and is further expanding into world markets.

4. The CEO as been buying shares recently.

5. The company offer a diversified mix of products/markets and this should spread risks to the business.

PLEASE DYOR and do not spend money on shares you cannot afford to lose.

cheers GF.

at inerims the directors suggested a cautious outlook on second half figures, so do you know of any uplifting reasons since, and finals not due till end may- or do you believe earlier?

I think they mentioned that order intake in the second half wouldnt be as high as in the booming first half.

The financial times in the last few days as mentioned the aero industry moving up to a cylical top.

cheers GF.

GF

How does one buy this stock on ofex. Are there dedicated brokers to this market, or do you think that an intermediary like TDW would handle the order? Please guide me.

Thanks and regards

PB

PB, just get in touch with TDW.

cheers GF.

Moved up a tad at the opening, NICE.

Cheers GF.

Nice move up this morning top of the leader board. Looks like somone is building a position ahead of the results later this month.

cheers GF.

And another nudge up, interesting.

cheers GF.

From UQA: Spectrum Wins Queen's Award

Spectrum Technologies proudly announced today that it had received the Queen's Award for Enterprise For International Trade. The company has seen some rather difficult times since 9/11 and its impact on the aerospace industry, but has nonetheless made a very promising recovery and reached sales of 13.5 million in the 3 years to October 2005. This translates to an increase in export sales of 79% - not bad considering the massive downturn in the aerospace sector and the damaging impact it had on Spectrum. This is the third time Spectrum has won the Queen's award, having previously impressed during 1995 and 2000. In those days, Spectrum was raking in revenues of around 6.4 million per annum.

But the business is finally back up to those levels, with the latest interims revealing a huge jump in sales of 3.7 million for the six months to June 2005. Investors have begun switching on again in recent months, and today's news has pushed the shares up further to 27p. Final results are due next week and we expect big things. Our estimated earnings for 2005 is 3p and 2006 should be better still. On an historic PE of 9 Spectrum Technologies is a buy.

cheers GF.

Up 13% already today and looking very strong.

Results out this week sometime. Fingers crossed.

Excelent results announced this morning..

Spectrum Technologies plc - Final Results





SPECTRUM TECHNOLOGIES PLC ANNUAL RESULTS FOR THE YEAR ENDING 31
DECEMBER 2005


CHAIRMAN'S REVIEW

Spectrum Technologies has made good progress during 2005 as sales increased
significantly during the year following the introduction of the new 4th
generation range of CAPRIS wire marking products in 2003/4, enabling the
company to make a welcome return to profitability. The Group recorded increased
sales, up 54% at GBP7.12 million (GBP4.62 million - 2004), within a whisker of
the company's all time high achieved in 2001, while recording a profit before
tax of GBP422,998 (GBP198,801 loss - 2004).

As predicted the global aerospace industry returned to full health in the
latter part of 2004 and continued with increasing vigour through 2005 as Boeing
and Airbus scored record new order levels. The Company had a particularly
strong first half, winning a string of key orders against the competition as
sales of the Company's new CAPRIS 60-200 wire marker took off, including a
major order from Boeing for 5 fully automated systems as they started the
process of re-equipping their main commercial aircraft factory near Seattle.

Total new order intake during 2005 was GBP6.5M, up 54% compared to 2004.
Margins improved compared to 2004, as forecast, although disappointingly not as
much as they might have due to the adverse impact of the GBP/USD exchange rate.
Following a profitable second half in 2004 and the strong first half order
intake Spectrum recorded profits during both the first and second half of 2005,
marking three consecutive profitable trading periods.

The Company's cash position remained under tight control as production was
ramped up to meet market demand with a consequent increasing working capital
requirement. Following achievement of a small positive cash balance at the half
year point the cash position then reversed with the increasing level of work in
progress, but due also to a decision to build up a stock of demonstrator and
loan equipment to support marketing and customer requirements. The latter was a
short term measure which has been unwound through the first half of 2006.

Overall the World economy progressed positively throughout 2005 with
significant growth in Asia Pacific, driven by China and India in particular,
but with the important Japanese economy beginning to emerge from its long term
downturn. The North American economies also posted good growth levels as did
the UK, while the key European economies made rather less positive progress. In
addition to the positive advances within the aerospace sector, the electronics
sector, which represents the Company's other key market, also made solid
progress.

Spectrum maintained its position as the leading global supplier of laser wire
marking and stripping equipment throughout 2005. The Board is satisfied with
the general progress made during the year and believes that there is
significant potential for organic growth in the future based on new product
development and market development and diversification. The Board will however
keep the Company's operations under continuous review with a view to maximising
profitability, cash and the efficient use of resources.

Dr. Peter Dickinson
Chairman

The directors of the issuer accept responsibility for this announcement.

For further information, please contact:

Elaine Hardy
Spectrum Technologies PLC
Tel: 01656 655437
Fax: 01656 655920
e-mail: ehardy@spectrumtech.com