BROC Broca

    RNS Number : 5901K
  Broca Plc
  22 December 2008
   

    22 December 2008

    Broca plc

    Trading Statement

    Broca plc ("Broca" or the "Company"), the secure advanced messaging technology Company, provides the following trading update:

    Despite securing additional revenues for pilot activity for mobile banking services in partnership with Telnet in Africa, and growing
interest in, and market readiness for, the Company's technology, there has been significant slippage in the completion of a number of key
licence contracts. 

    Consequently, the Board anticipates that additional funding will be required by March 2009 to continue to support Broca's objectives and
working capital requirements. Therefore it is actively engaged in seeking the necessary additional funding to support its ongoing investment
plans. The Company continues to negotiate new project opportunities with significant potential.

    The awareness of issues regarding the security of data in the mobile telecommunication market has started to increase within
Governments, regulatory bodies and the police. The market for systems dealing with the security and management of privacy of information,
particularly with respect to mobile communications, is set to increase in part, due to the drive to make events such as the 2012 Olympics
paperless. Mobile payment services, transportation and ticketing all have a massive part to play in this type of event and Broca's unique
technology has the ability to address many of the security concerns raised. The Directors believe that Broca has built a world-class
security system capable of complementing other mobile technologies to deliver mobile payments, ticketing, transportation and medical
services.

    Broca's Intellectual Property base is growing and there is an improving market environment for its unique technology. The Board of Broca
therefore remains excited by its unique secure technology and the growing industry interest in mobile data security. 

    However, whilst the economic environment continues to be uncertain, the Company remains cautious in its outlook and expects to update
shareholders further regarding its funding in the coming months.

    - ends -

    For further information contact:

    Ian Price - Managing Director
    Broca Plc
    Tel: 0845 0066661

    Fiona Owen
    Grant Thornton UK LLP
    Nominated Adviser
    Tel: 020 7383 5100

    Rupert Krefting
    Numis Securities Limited
    Broker
    Tel: 020 7260 1000

    Lulu Bridges
    Andrew Dunn
    Tavistock Communications
    Tel: 020 7920 3150

Broca (LSE:BROC)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024

Broca (LSE:BROC)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024