REG - Zytronic PLC - Board Changes

ZytronicAnnouncement

17/11/2021 07:05

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RNS Number : 5995S  Zytronic PLC  17 November 2021

17 November 2021

Zytronic plc

("Zytronic" or the "Company")

 

Board Changes

 

 

Zytronic, the North-East of England based leading specialist manufacturer of
touch sensors for self-service, gaming and industrial applications, announces
the following future Board changes.

 

Having stayed on to support the business in navigating the significant
challenges posed by the COVID-19 pandemic and therefore having now served for
more than 10 years as Non-executive Chair, Tudor Davies has informed the Board
of his intention to both step down as Non-executive Chair and resign from the
Board, with effect from the date of the Company's next AGM, which is expected
to be held in February 2022.

 

The Board is pleased to confirm that Tudor will be succeeded as Non-executive
Chair by David Buffham, currently a Non-executive Director, and that they are
initiating the recruitment of a new Independent Non-executive Director to take
over David's responsibilities.

 

Mark Cambridge, CEO of Zytronic, commented: "On behalf of the Board, I would
like to express our gratitude to Tudor for his invaluable contribution,
support and guidance over his tenure. We are pleased that Tudor is handing on
the baton to David who, together with Tudor, has provided valuable stewardship
during the pandemic and subsequent recovery in trading performance."

 

Zytronic will report its results for the year to 30 September 2021 during the
week of 6 December 2021.

 

 

Enquiries:

 

 Zytronic plc                               0191 414 5511

 Mark Cambridge, Chief Executive

 Claire Smith, Group Finance Director

 Singer Capital Markets                     020 7496 3000

(Nominated Adviser and Broker)

 Aubrey Powell, Rachel Hayes, Amanda Gray

 

About Zytronic

 

Zytronic is a world-renowned developer and manufacturer of a unique range of
internationally award winning optically transparent interactive touch sensor
overlay products for use with electronic displays in industrial, self-service
and public access equipment.

Zytronic's products employ a sensing solution that is readily configurable and
embedded in a laminate core that offers significant durability, environmental
stability and optical enhancement benefits to system designers specific
requirements.

Zytronic has continually developed process and technological know-how and IP
since the late 1990's around two sensing methodologies; the first being single
touch self-capacitive which Zytronic markets as PCT™ ("Projected Capacitive
Technology") and the second being multi-touch, multi-user mutual-capacitive
which Zytronic markets as MPCT™ ("Mutual Projected Capacitive Technology"),
in which Zytronic holds five granted patents.

Zytronic operates from a single site near Newcastle-upon-Tyne in the United
Kingdom. Zytronic is relatively unique in the touch eco-system as it offers a
complete one-stop solution from processing internally the form and factor of
the glass substrates, assembles their touch overlay products to customers
specific requirements, in environmentally controlled cleanrooms and develops
the bespoke firmware, software and electronic hardware to link the interactive
overlays to customer's integrated systems and products.

 

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