SOURCE: Applied Engineering Products Holding Plc

Applied Engineering Products Holding Plc

February 18, 2009 02:42 ET

Applied Engineering Products Holdings PLC Announces 2008 Year End Financial Results

SALT LAKE CITY, UT--(Marketwire - February 18, 2009) - Applied Engineering Products Holdings PLC (AEPH), a company that specializes in advanced technology equipment manufacturing and design, in the fields of Demining, Demilitarization, and Security for both public and private end users today announces its results for the year ending 28 February 2008 and the interim management accounts for the period 1 March 2008 to 30 August, 2008 as required by the UK Listing Authority's disclosure rule.

Applied Engineering Products recently initiated a restructuring of the Board of Directors, and executive leadership team. AEPH's new Board and Advisory Board commands a distinguished record of senior executive experience in international business, corporate management, and senior advisory positions with in the defense intelligence domains. With the assistance of the Board and the Advisory Board, AEPH is pursuing a broad scope of new strategic technology, market initiatives, material sales and growth revenue streams through joint-ventures, acquisitions of new technology, and penetration of more diverse markets.

The Board is confident that by pursuing its core strengths in demilitarization and security products and services, the company will weather this dynamic economy and will close material sales by the end of Q2-2009. It is expected that key milestones of the firm's strategic restructuring will be achieved within the framework of this new business model.

This release contains forward-looking statements. Our business and operations are subject to a wide variety of risks and uncertainties that may cause actual future events or results to differ materially from those described in the forward-looking statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include the company's inability to attract new customers and close sales with new or existing customers. We make no commitment to revise or update any forward-looking statement to reflect events or circumstances after the date such statement is made.

Contact Information

  • For further information, please contact:
    Dr. Roger Hanwehr
    Member, Board of Directors and CTO
    Applied Engineering Products Holdings PLC
    Tel: +1 801 532 5343