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Colortrac - 21st May 2007

FOR IMMEDIATE RELEASE
St. Ives, Cambridge, UK

Colortrac SmartLF sales grow by 44% in year ended 30th April 2007

Sales of Colortrac wide format scanners have been doubling every two years since 2002 and the results for the latest fiscal year continue that positive trend.

SmartLF large format scanner shipments increased by 44% compared to the previous year and are 101% higher than the year ended April 30, 2005. We are also very pleased to report record group revenues of c. US$11 million with a healthy 23% Net Profit Before Tax (NPBT) of US$2.5 million (before Audit). Revenues increased by 18% and NPBT by 101% year-on-year.

Colortrac Managing Director Graham Tinn says, "These results mark another significant milestone in the development of Colortrac and vindicate our unique 'SmartLF' product and manufacturing strategy.

"Colortrac fully recognises the individual merits of CIS and CCD sensor technology and we are the only manufacturer to use both. This allows us to provide products optimised for technical documents or graphic arts imaging applications. Our aim is to offer a full range of wide format scanners, tailored to meet specific user requirements, that are competitively priced and offer our customers excellent performance and value for money".

"Colortrac continues to invest in the future, hiring additional staff and developing exciting new products with which we can expand the market for our SmartLF wide format scanning & copying applications. The growth in Colortrac wide format scanner shipments demonstrates increased market share achieved by highly competitive products, expansion of distribution channels & sales territories and the development of new markets for wide format scanning & copying for customers who previously could not justify the investment required."

Colortrac was incorporated in December 1989 and began trading when it launched the world's first affordable colour large format scanner in March 1994.

Since those early days, the colour wide format scanner market has grown radically from a small volume niche within the monochrome A0 scanner segment, to become dominant. Almost all large format scanners sold now offer high quality and high speed colour and monochrome image capture for graphic arts, reprographics & scanning bureau, architects, engineers, mechanical CAD, oil & gas, utilities, mapping & cartography (GIS), local & national government agencies and any other enterprise that owns or services large format documents.

For further information contact:

  • Peter de Winter-Brown
  • Sales & Marketing Director
  • Tel# +44 1480 464618
  • info@colortrac.com
  • Colortrac ~ Manufacturer of SmartLF large format scanners
  • www.colortrac.com

About Colortrac ...
Colortrac Ltd manufactures SmartLF large format scanners and software. We are dedicated to the development of wide format digital image capture and image processing solutions for both colour and monochrome applications which include graphic arts reproduction, architecture and construction, engineering (CAD), Geographical Information Systems (GIS), Electronic Document Management, and Facilities Management. Winners of the Queens Award for Export Achievement in 1999, Colortrac is a British based company with facilities in Cambridge UK, Beijing & Suzhou in P.R. China and in Golden CO USA.

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