Xaar shift home on schedule
Xaar plc, the inkjet printing technology group headquartered in Cambridge, said today (21 January) that its project to transfer manufacturing facilities located in Sweden to the company's Huntingdon facility was on track with completion scheduled for March next year.
In an update on its 2009 trading performance Xaar reported that its financial results for the year were expected to be in line with xpectations. However, the level of profitability reflected the benefits of the cost cutting programme previously implemented offset by the higher than anticipated product and customer support costs.
OEM customers were continuing to develop digital printing machines incorporating Xaar's latest technology and, while some applications were now technically proven and contributed material revenue to Xaar, others remained some way from full commercialisation.
