XP Power, one of the world's leading developers and manufacturers of critical power control components to the electronics industry, announces that it is bringing forward the announcement of its interim results for the six months ending 30 June 2012 to 23 July 2012, from the previously scheduled date of 30 July 2012, in order to avoid anticipated timing conflicts with the London 2012 Olympics.
XP's trading update for the six months to 30 June 2012 will be announced on 9 July 2012, as previously scheduled.
|Duncan Penny, Chief Executive||+44 (0)7776 178 018|
|Jonathan Rhodes, Finance Director||+44 (0)118 976 5074|
|Dewe Rogerson||+44 (0)20 7638 9571|
|Kevin Smith/Jos Bieneman|
Note to editors
XP designs and manufactures power controllers, the essential hardware component in every piece of electrical equipment that converts the power from the electricity grid into the right form for the equipment to function.
XP typically designs in power control solutions into the end products of major blue chip OEMs, with a focus on the industrial (circa 45% of sales), healthcare (circa 26% sales) and technology (circa 29% of sales) sectors. Once designed into a program, XP has a revenue annuity over the life cycle of the customer's product which is typically 5 to 7 years depending on the industry sector.
XP has invested in research and development and its own manufacturing facility in China, to develop a range of tailored products based on its own intellectual property that provide its customers with significantly improved functionality and efficiency.
Headquartered in Singapore and listed on the Main Market of the London Stock Exchange since 2000, XP serves a global blue chip customer base from 27 locations in Europe, North America and Asia.