Gooch & Housego PLC Fremont Facility Update (4780G)
March 17 2020 - 9:22AM
UK Regulatory
TIDMGHH
RNS Number : 4780G
Gooch & Housego PLC
17 March 2020
For immediate release 17 March 2020
Gooch & Housego PLC
("G&H" or the "Group")
Fremont Facility Update
Gooch & Housego PLC (AIM:GHH), the specialist manufacturer
of optical components and systems, announces that it has
temporarily closed its Fremont, California facility until 7 April
2020. This follows a legal order issued by the public health
officers of Alameda county, California requiring all residents of
the county to shelter at home for three weeks beginning 17 March
2020 in order to limit the spread of the COVID-19 virus.
During this period staff from the Fremont facility who are able
to homework will do so.
This action will shift the balance of revenue generated at our
Fremont site to an increased H2 weighting.
Further updates will be provided as and when appropriate.
For further information
contact: -
Gooch & Housego
Mark Webster/Chris Jewell PLC 01460 256440
Mark Court /Charlotte Slater Buchanan 020 7466 5000
Chris Baird/ Patrick Robb/
David Anderson Investec Bank plc 020 7597 5970
Notes to editors
1. Gooch & Housego is a photonics technology business
headquartered in Ilminster, Somerset, UK with operations in the USA
and Europe. A world leader in its field, the company researches,
designs, engineers and manufactures advanced photonic systems,
components and instrumentation for applications in the Aerospace
& Defence, Industrial, Life Sciences and Scientific Research
sectors. World leading design, development and manufacturing
expertise is offered across a broad range of complementary
technologies.
2. All financial information included in this announcement is
sourced from unaudited management accounts and excludes any
specific items. This announcement contains certain forward-looking
statements that are based on management's current expectations or
beliefs as well as assumptions about future events. These are
subject to risk factors associated with, amongst other things, the
economic and business circumstances occurring from time to time in
the countries and sectors in which G&H operates. It is believed
that the expectations reflected in these statements are reasonable
but they may be affected by a wide range of variables which could
cause actual results, and G&H's plans and objectives, to differ
materially from those currently anticipated or implied in the
forward-looking statements. Investors should not place undue
reliance on any such statements. Nothing in this announcement
should be construed as a profit forecast.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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