CMG Croma Grp

Embargoed: 0700hrs 16 February 2004

                                Croma Group Plc                                

                           ("Croma" or the "Group")                            

                             Product Developments 

Croma Group Plc, the technology company specialising in the design, development
and marketing of surveillance and counter-surveillance equipment, is pleased to
announce the additions of two new high specification products to its portfolio.

The PILAR acoustic information system employs the latest signal processing
techniques in order to detect and locate potentially hostile gunshots. The
system is capable of indicating not only the trajectory of the projectile, but
also its muzzle velocity and calibre. Croma has reached an agreement with the
France-based manufacturers of PILAR to distribute this high potential product
throughout its network of military and special services clients. The Group has
already sold a number of units to organisations but due to the highly sensitive
nature of the systems the Group cannot divulge the names of the end users.
Further sale are expected imminently. The PILAR system also incorporates a
camera feature providing synergies with Croma's own existing lens products. The
Group is in discussions with the manufacturer of PILAR to exploiting this
synergy.

The second new product is the Passive Infra-Red Suit (PIR), designed for use by
government agencies in specialist investigative work. The wearer is rendered
virtually invisible to commercial passive infra-red sensors. Croma has designed
this highly sophisticated product as a joint venture. The PIR has now been
finalised for sale with a number of units having already been placed with both
UK and overseas customers.

Croma has completed lengthy and positive field trials for its Zeus Light
Grenade (Tactical Light) with the British Army. Reports of the trials are now
awaiting submission to the M.O.D. In addition to the UK, significant interest
has been received from other military forces overseas where trial units have
been sold.

The Group expects to launch two further new products by April of this year. One
is an upgrade on a lens system with applications for the military, civil and
military police, the second is a completely new low-cost long range lens
system. Both products are suitable for use by the military, police, customs and
excise and related authorities.

John French, Chairman of Croma, said,

"The benefits of our recent AIM listing and related fundraising have provided
Croma with an ideal platform from which to accelerate the design, development
and marketing of existing and new products. I am very confident of the sales
potential of these two new additions to our portfolio. As joint developers and
distribution agents we are continuing to offer our military, civilian and
commercial clients around the globe technologies of the very highest
specifications to meet their evolving needs.

We are also embarking on a very active sales and marketing programme involving
specific demonstrations to end users in countries including Italy, USA, France,
the Netherlands, Czech Republic, Germany and Jordan.

The Group continues to seek acquisition opportunities to broaden its presence
in the sector in which we are already building a formidable presence. "

                                    -Ends-                                     

For further information, please contact,

John French

Chairman, Tel. 07836 722482

Ben Simons

Hansard Communications, Tel. 020 7245 1100 / 0771 309 0135



END

Croma Grp (LSE:CMG)
Historical Stock Chart
From Jun 2024 to Jul 2024

Croma Grp (LSE:CMG)
Historical Stock Chart
From Jul 2023 to Jul 2024