Eruma plc Trading Update

Eruma plc, the AIM traded specialist provider of counter terrorism, intruder prevention products and intelligent lighting, today announced a 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) approaching £1 million, 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.

Working capital has been a significant challenge throughout the year, and with little assistance from the banks will continue to be an important focus for the Company throughout 2012.  The board is currently considering working capital funding options to successfully implement the continuing anticipated growth via high value contracts.

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.”