May 20, 2013 4:32 AM ET

Electronic Equipment, Instruments and Components

Company Overview of HiWave Technologies PLC

Company Overview

HiWave Technologies plc engages in the design, manufacture, and sale of electronic components and sub-assemblies for audio and haptic human interface applications. The company offers audio products, including audio exciters for use in cars and aircraft, toys and games, consumer electronics, and industrial applications; balanced mode radiator drivers; audio amplifier integrated circuits and modules; and Farina, an audio transducer that delivers music and speech to the user by controlling vibrations to the outer ear and turning the pinna itself into the loudspeaker for use in audio, video, augmented reality, and gaming applications, as well as sells various output power exciters. It also provi...

Detailed Description

Regus House

1010 Cambourne Business Park

Cambourne

Cambridge,  CB23 6DP

United Kingdom

Founded in 1952

Phone:

44 12 2359 7800

Fax:

44 14 8084 6190

www.hi-wave.com

Key Executives for HiWave Technologies PLC

Chief Executive Officer
Age: 50
Executive Chairman
Vice President of Operations
Age: 51
Adviser
Age: 67
Chief Commercial Officer
Compensation as of Fiscal Year 2012.

HiWave Technologies PLC Key Developments

HiWave Technologies PLC Announces the Appointment of Executives

The board of HiWave Technologies PLC announced on February 25, 2013 that it intended to commence the process of appointment of administrators shortly. The appointment of James Sleight and Peter Hart, partners of Geoffrey Martin & Co, as the administrators of the company took effect on March 6, 2013.

HiWave Technologies PLC(LSE:HIW) dropped from FTSE All-Small Index (GBP)

HiWave Technologies PLC(LSE:HIW) dropped from FTSE All-Small Index (GBP)

HiWave Technologies PLC Reports its Interim Management Statement for the Period October 1, 2012 to February 15, 2013

HiWave Technologies PLC reported its Interim Management Statement for the period October 1, 2012 to February 15, 2013. Revenues for the quarter to December 2012 were £200,000, below the Board's expectation, reflecting difficult market conditions. Gross profit margin on component revenue continues to improve at 37% and 100% on royalty revenue; cash and receivables as at 31st December 2012 £900,000; net assets as at 31st December 2012 £400,000; open order book currently over $344,000. The Group's financial position has not changed materially since the release of the Final Results for the year ended 30 September 2012. The Group's financial position has not changed materially since the release of the Final Results for the year ended 30 September 2012 announced on 31 January 2013.

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