STOCKHOLM, Sweden, March 11, 2003 (PRIMEZONE) -- Radians Innova develops, manufactures and markets optronic systems for test and measurement of fibre optic telecommunications components and systems. Radians Innova is at the cutting edge of technology within the laser, optics, electronics and precision mechanics segments.
- Sales for 2002 amounted to SEK 4.3M (6.6) . Invoiced sales relates mostly to Radians PICOTM . The operating result amounted to SEK -40.4M (-64.7) and the result after financial items was SEK -40.3M (-64.6)
- The costs for product development of new versions of Radians PICOTM amounts to SEK 7.1M, which have been capitalised. This years result has been charged with depreciation of SEK 7.6M of earlier capitalised product development costs.
- The telecommunications market is still weak. During 2002 a reduction in number of employees has been done to adapt to the lower sales volume. . The sales volume is expected to increase during 2004.
- A new round of capital increase is presently under way through an issue of 4.2M shares.
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