01/02/12

Eruma plc Trading Update

Eruma plc, the AIM traded specialist provider of counter terrorism, intruder prevention products and intelligent lighting, is pleased to provide the following trading update:-

The Company has made good progress in the second half of its financial year with an order book as at 31 December 2011 (which represents orders received but not yet delivered) of over £800,000, which is more than double the comparative figure for the previous year.  The Company has also completed a significant number of existing contracts during the financial year to 31 December 2011.

With the larger contract sizes, working capital management has been a significant challenge throughout the year and will continue to be an important focus for the Company throughout 2012.  The board is currently considering working capital funding options to facilitate the continuing anticipated investment which will be required as a result of the higher contract values.  The Company currently does not have any bank debt, however it has obtained short term working capital financing arrangements from other sources.  The Company is now seeking to restructure these working capital facilities and reduce the associated financing costs.

The Company’s lighting division, Illuminex, has enjoyed a strong second half in 2011 and there are several high value opportunities currently building in its pipeline.  The strategic partnership forged with Concept Energy continues to deliver results.

The Security Blinds division has enjoyed its best year since the inception of Eruma.  Large contracts have been obtained and fulfilled and again this division's pipeline looks healthy, significantly ahead of the same period last year.

Wayne Money, Eruma CEO said, “The second half of 2011 has been positive for Eruma as we continue to develop our sales pipeline through both our operating divisions.  We continue to expand the Security Blinds scope of operation further afield and have already secured a strategic partnership in South Korea and we expect to extend this model to other territories particularly in the Middle East.  This will help us to build on our recent export record, where we have successfully conducted business across the world including Russia, Germany, The Netherlands, Lebanon, Pakistan, Iraq, Yemen and Switzerland.”

**ENDS**

For further information please visit www.erumaplc.com or contact:-

Notes

Eruma plc is an AIM traded specialist provider of counter terrorism, intruder prevention products and intelligent lighting.  It has two divisions:

Security Blinds - a leading manufacturer of physical security and protection systems in the UK.  Servicing both the public and commercial sectors, the patented Secur™ system provides clients with protection against theft and forced entry.  It also gives businesses and institutions the opportunity to take proactive steps to address the modern threat of terrorism having met stringent testing requirements to win endorsement by the Home Office, Association of Chief Police Officers, leading banks, and local authorities through its ability to protect people, property and equipment from bomb blasts. 

Illuminex - a supplier and distributor of intelligent lighting systems, providing superior performance whilst reducing costs to businesses through reductions in energy consumption and maintenance overhead.  Through using its systems, an organisation’s environmental impact and carbon footprint can be significantly reduced, enabling them to seek government funding and loans to implement these solutions. 

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