REG - Zytronic PLC - Board Update

ZytronicAnnouncement

26/10/2022 10:30

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RNS Number : 1785E  Zytronic PLC  26 October 2022

26 October 2022

Zytronic plc

("Zytronic" or the "Company")

 

Board Update

 

Zytronic, a leading specialist manufacturer of touch sensors, provides the
following update.

Further to the announcement made on 4 October 2022, David Buffham has
indicated his intention to retire from the Board with effect from 31 October
2022, on the grounds of ill health.  The Board would like to express its
gratitude to David for his years of support and guidance over his tenure.

Mark Cambridge will continue to act temporarily as Executive Chair and the
Board will continue its search for at least one further independent
non-executive director in order to comply with the QCA Corporate Governance
Code.  The Board will update the market in due course.

During this interim period and to provide additional control in the conduct of
Board business, the Directors have agreed that a quorum will not ordinarily be
established at a meeting constituted of solely Executive Directors.  It has
further agreed among its current members that all Board decisions during this
time will either be agreed unanimously, or one of the Executive Directors will
abstain from voting on the matter in question and the Independent
Non-executive Director will therefore carry the casting vote.

 

Enquiries:

 

 Zytronic plc                                           0191 414 5511

 Mark Cambridge, Executive Chair

 Claire Smith, Group Finance Director

 Singer Capital Markets (Nominated Adviser and Broker)  020 7496 3000

 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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