(PPIX) ProPhotonix (DI)
Summary
Buy UK shares for £1.50 with our regular investing service. Real time trading at £10.
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| Thu 07:00 | RNS |
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RNS Number : 5239D ProPhotonix Limited 17 May 2012
17 May 2012
ProPhotonix Limited
("ProPhotonix" or "the Group")
AGM Statement
At the AGM held yesterday, Mark W. Blodgett, Chairman & CEO of ProPhotonix, made the following statement:
"The Group's trading performance since the beginning of the year builds on our leadership position within the high growth sectors of the LED and laser markets. We have continued to position ourselves to ensure that significant progress can be made through our combined expertise in these two key areas of optics in the industrial inspection, primarily machine vision, medical and security markets.
"The North American sales organisation is now fully staffed and management is focused on both adding additional sales personnel to service the European market and expanding Asian distribution. With the strengthened sales force, a nearly doubling of the R&D team in 2011 and new distribution partners in Asia, as well as re-establishing a strong presence in the US, the Group has a number of long-term revenue opportunities in the industrial market, which we are actively pursuing. Such opportunities include designing and manufacturing high value, high margin components for global equipment manufacturers and inspection systems for Fortune 1,000 companies.
"The Directors report that both product development and sales expansion initiatives, which were outlined at the time of the Company's July 2011 capital raising, are on track and we expect that these investments will result in long term growth in the various markets we serve.
"As reported in January and March, sales to the solar equipment industry remain weak and are now not expected to recover until sometime in 2013. Our current expectation is for $7 million of revenue in the first half of 2012 and expectations are that revenue will be higher in the second half of 2012 based on our growing business pipeline form existing and new customers".
All resolutions put to shareholders were passed.
Enquiries:
About ProPhotonix ProPhotonix Limited, headquartered in Salem, New Hampshire, is an independent designer and manufacturer of diode-based laser modules and LED systems for industry leading OEMs and medical equipment companies. In addition, the Company distributes premium diodes for Opnext, QSI, Ondax, Sanyo and Sony. The Company serves a wide range of markets including the machine vision, industrial inspection, defense, sensors, and medical markets. ProPhotonix has offices and subsidiaries in the U.S., Ireland, and Europe. For more information about ProPhotonix and its innovative products, visit the Company's web site at www.prophotonix.com.
This information is provided by RNS The company news service from the London Stock Exchange More |
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| 01-05-12 | RNS |
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RNS Number : 5143C ProPhotonix Limited 01 May 2012
1 May 2012
ProPhotonix Limited
("ProPhotonix" or "the Group")
Posting of Annual Report and Accounts
ProPhotonix Limited, (London Stock Exchange - AIM: PPIX and PPIR, OTC: STKR.PK), a designer and manufacturer of LED Illumination Systems, laser diode modules as well as a distributor of premium vendors' laser diodes, announces that its annual report and accounts for the year ended 31 December 2011 were posted to shareholders on 24 April 2012. Copies of the annual report can be viewed and downloaded from the Company's website at www.prophotonix.com.
The Company's AGM will be held on 16 May 2012 at the office of K&L Gates LLP, One New Change, London, England at 10:00 a.m.
Enquiries:
About ProPhotonix ProPhotonix Limited, headquartered in Salem, New Hampshire, is an independent designer and manufacturer of diode-based laser modules and LED systems for industry leading OEMs and medical equipment companies. In addition, the Company distributes premium diodes for Opnext, QSI, Ondax, Sanyo and Sony. The Company serves a wide range of markets including the machine vision, industrial inspection, defense, sensors, and medical markets. ProPhotonix has offices and subsidiaries in the U.S., Ireland, and Europe. For more information about ProPhotonix and its innovative products, visit the Company's web site at www.prophotonix.com.
This information is provided by RNS The company news service from the London Stock Exchange More |
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| 05-04-12 | RNS |
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RNS Number : 8742A ProPhotonix Limited 05 April 2012
5 April 2012 ProPhotonix Limited ("ProPhotonix" or "the Company") ProPhotonix Expands Global Footprint Appoints New Distributors in Germany, Taiwan, and the United States
ProPhotonix Limited, (London Stock Exchange - AIM: PPIX and PPIR, OTC: STKR.PK), a designer and manufacturer of LED Illumination Systems, laser diode modules as well as a distributor of premium vendors' laser diodes, is pleased to announce that it has strengthened further its international sales operations for its machine vision illumination solutions with the appointment of three new distribution partners based in Asia, Europe and the United States. These agreements build on the Company's strong position within the machine vision markets in North America and Europe, as well as its increasing footprint in the Far East.
NexLase, based in Munich, has been named as a distributor of ProPhotonix's Machine Vision illumination products in Germany. NexLase was founded in 2005 and specializes in the distribution of laser and other application specific accessories including optics and laser safety devices. Nevis, located in Taiwan, is a full-service engineering and technology provider known for supplying its customers with customized turnkey solutions. Nevis will be integrating ProPhotonix's laser and LED illumination products into its end-user applications. Saber1, founded in 2001 and located in Chelmsford, Massachusetts, provides a single destination for customers looking to source vision components including software, cameras, frame grabbers and other components from major manufacturers worldwide.
Mark W. Blodgett, Chairman and CEO of ProPhotonix, said, "ProPhotonix is widely recognized as a leader in designing and manufacturing LED systems and laser modules for the machine vision illumination market and we view Germany, Taiwan and the US as key growth markets for our products. Adding such high-caliber business partners in these areas will help us gain market share and accelerate growth in these regions, added Blodgett."
Enquiries:
About ProPhotonix ProPhotonix Limited, headquartered in Salem, New Hampshire, is an independent designer and manufacturer of diode-based laser modules and LED systems for industry leading OEMs and medical equipment companies. In addition, the Company distributes premium diodes for Opnext, QSI, Ondax, Sanyo and Sony. The Company serves a wide range of markets including the machine vision, industrial inspection, defense, sensors, and medical markets. ProPhotonix has offices and subsidiaries in the U.S., Ireland, and Europe. For more information about ProPhotonix and its innovative products, visit the Company's web site at www.prophotonix.com.
This information is provided by RNS The company news service from the London Stock Exchange More |
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| 26-03-12 | RNS |
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RNS Number : 0189A ProPhotonix Limited 26 March 2012
26 March 2012 ProPhotonix Limited ("ProPhotonix" or "the Company")
Grant of Options The Board of ProPhotonix Limited (London Stock Exchange - AIM: PPIX and PPIR, OTC: STKR.PK), a designer and manufacturer of LED light engines and laser diode modules with operations in Ireland and the U.K., announces that on 23 March 2012, under the 2007 Stock Incentive Plan, it has approved the grant of 1,500,000 options over Ordinary Shares of $0.001 each in the Company.
The following option grants to Directors were made:
The options are exercisable (in whole or in part) at any time up to 21 March 2022 and are exercisable at a price of $0.107 per Ordinary Share. The options vest annually over four years.
Enquiries:
About ProPhotonix
ProPhotonix Limited, headquartered in Salem, New Hampshire, is an independent designer and manufacturer of diode-based laser modules and LED systems for industry leading OEMs and medical equipment companies. In addition, the Company distributes premium diodes for Opnext, QSI, Ondax, Sanyo and Sony. The Company serves a wide range of markets including the machine vision, industrial inspection, defense, sensors, and medical markets. ProPhotonix has offices and subsidiaries in the U.S., Ireland, and the United Kingdom. For more information about ProPhotonix and its innovative products, visit the Company's web site at www.prophotonix.com.
This information is provided by RNS The company news service from the London Stock Exchange More |
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Edison issued an updated research note on 19th March which can be accessed here;
http://www.stockopedia.co.uk/research/led-led-64933/ "The strong growth enjoyed by Dialight demonstrates what can be achieved by deploying LED technology for specialist applications where reliability and a precisely controlled light source are required. ProPhotonix not only has developed the light engine technology, but has an established customer base using its laser products to engage with. This makes it better placed than a new market entrant to achieve the rapid growth shown in consensus estimates. Should those estimates be met, the shares appear substantially undervalued." It states a dramatic swing into profit is expected next year, with PTP of $3.0M (LBT of $0.8M for current yr), and a forward PER of 4.2. |
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| 02-04-12 | ||||
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Has this been tipped elsewhere? I know RHPS tipped PPIX.
Going very strong now. |
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| 07-03-12 | ||||
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Spread was/is at the last look (6.7p sell-buy 8.5p). Before the results were released on the 1st March, these were hard to sell, even at the bid price. I was only offered 3.8p for my holding when the advertised bid was 5p. I'm now being offered more than 10% over the current bid for my holding, so things have taken a positive step forward....ie the market warmed to the results and future prospects. I've recently tried to get quotes to buy and the limits are only 1500 so that reiterates what the market thinks. You can't buy many....but they will gladly pay over to take them off you. Happy I took the plunge a few weeks ago. Will buy more on any dips....though I doubt we will see one soon.
A good med termer. |
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| 01-03-12 | ||||
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...and should be in profit this year with an increase in rev'. Directors buys today??
Way off the radar of the masses. I bought a couple of weeks ago, as I liked what I saw. |
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They have not been approved or issued by Interactive Investor Trading Limited.
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