New Supply Contract
February 06 2007 - 2:01AM
UK Regulatory
RNS Number:7440Q
Centurion Electronics PLC
06 February 2007
Issued by Citigate Dewe Rogerson Limited, Birmingham
Date: Tuesday, 6 February 2007
Embargoed: 7.00am
Centurion Electronics plc
Developers and suppliers of automotive infotainment systems
Prestigious Industry Award and New Supply Contract
Centurion Electronics, the UK provider of in-car infotainment systems, is
pleased to announce the following update to shareholders:
* New Supply Contract
The Company has been awarded an additional new contract to supply an integrated
in-car entertainment system (ICE) initially as an option across five vehicle
models for Toyota Motor Europe.
The new premium ICE system designed and developed exclusively by Centurion,
which is being phased in between November 2007 and December 2007, will provide a
complete solution in in-car entertainment. The system is also designed to
integrate within the vehicles interior and seat structure, whilst offering
passengers access to the latest media formats.
Supply of this new system is expected to contribute to Centurions' revenues
during the first quarter of the Company's financial year ending September 2008.
* Prestigious Industry Award for Outstanding Performance
The Company has received the 'Outstanding Performance for Cost Management and
Development' Award from Toyota Motor Europe.
This award, underpins the close relationship between both Toyota and Centurion
and recognises Centurion's investment in controlled cost management.
Furthermore, the award also reflects Centurion's close working partnerships with
its key supply partners, in order to obtain the highest levels of quality and
parts manufacturing resulting in cost savings overall for the customer.
Commenting on these developments, Chris Rhodes, Chief Executive, Centurion
Electronics said:
"We are very pleased to have secured further business with Toyota Motor Europe
and also to have achieved this important recognition from them.
"Firstly, the award reflects all the efforts that the team at Centurion have
invested, particularly over the last 12 months in developing and strengthening
the relationship with this key customer and secondly, investment in
collaborative product development initiatives with Toyota ensures that their
product offering meets market and technology expectations.
"Our strategic planning has also assisted to determine consumers' aspirations on
new product development, which will support further market penetration."
Enquiries:
Chris Rhodes, Chief Executive Fiona Tooley/Katie Dale
Centurion Electronics plc Citigate Dewe Rogerson
Tel: 01707 330550 Tel: 0121 455 8370
Website: www.ceplc.net Mobile: 07785 703523 (FMT)
This information is provided by RNS
The company news service from the London Stock Exchange
END
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