AER Aerte Grp

TIDMAER

RNS Number : 9913W

Aerte Group PLC

08 February 2012

AERTE GROUP PLC (the "Company")

Trading Update

Aerte Group PLC, a leading environmental technology group, is pleased to provide the following trading update.

In November 2011, the Company successfully raised GBP1.7 million (net of expenses), to fund the launch and marketing of the new product range and the continued development of the miniaturised AD. The Company can confirm that both updated versions of the AD, the AD 2.0 and Klean, are now in production. The AD 2.0 is designed for commercial and professional use and Klean is designed for small commercial and domestic use.

The Company can also confirm that the first order for 3,200 devices, 1,600 AD 2.0 and 1,600 Klean, by our proposed distributor in China, has been secured and is worth GBP0.22 million.

As announced last year, the Company has outsourced the manufacturing of all devices, increasing the speed and significantly reducing the cost of production. 5,000 devices are currently in production with capacity to increase significantly, subject to demand. In addition, the Company has secured a CE marking for both products ensuring that they meet with all relevant European Directives.

As previously reported, the launch of the new product range has meant that sales of the original AD product declined in the first half of the financial year to GBP0.05 million (2010: GBP0.20 million). Sales will now recommence with the delivery of the Chinese order for the new products. As at 31 December 2011, the Company had net cash of GBP1.7 million (2010: GBP2.4 million).

The development of the miniaturised AD for use in the domestic home is progressing and this work has been critical also to the development of the new AD 2.0 and Klean products.

Javier Segura, Managing Director of Aerte Group PLC, commented: "We are excited by the first sales order and the start of production of the new range which represents a significant step change in design, cost and speed of production whilst retaining all the technical strengths of the original AD. We are now very focused on selling the new product range and expanding into further territories."

For further information:

   Aerte Group PLC                                Tel: +44 (0) 20 7603 1515 

Andrew Tonks, Finance Director

   Panmure Gordon (UK) Limited           Tel: +44 (0) 20 7459 3600 

Andrew Godber / Adam Pollock

   Cardew Group                                     Tel: +44 (0) 20 7930 0777 

Tim Robertson / Georgina Hall

This information is provided by RNS

The company news service from the London Stock Exchange

END

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