Thursday, 1 August 2013

Dialight - Contract Award

LED lighting specialist Dialight has seen a boost to its share price following the announcement today of a $1m contract for its new Cellphone Tower Remote Monitoring and Lighting system.

Roy Burton, CEO said: "These orders demonstrate the progress that Dialight has made both in developing our new Cellphone Tower Remote Monitoring and Lighting system and selling our products and services outside of the United States.  We are encouraged that our new system will drive growth in our Obstruction business in North America and further orders should see a return to growth for this business."

The sp has been a little volatile in recent weeks following the trading statement in June forewarning of contract delays in the USA . As N. America accounts for nearly 70% of sales, it is not surprising this announcement will reassure investors.

Hopefully this will be the first of many new orders in this sector of operations and that the obstruction lighting division will be back on track in the remainder of 2013.

At the time of posting the sp is up 6.5% in morning trading at £11.70.

No comments:

Post a Comment