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Shieldtech

  • BY: Andrew Hore |
  • POSTED: 13/10/2008 |

Shieldtech shares jumped 1.25p to 5.5p each when it said that trading in the three months to September 2008 has “shown significant improvement compared to the corresponding period last year”.

The body armour and security products supplier says that changes in ballistic standards by the UK government have helped. Sales for the year to June 2009 will be substantially greater than last year and Shieldtech should return to profit.

The Aegis body armour business is winning new orders and the group’s order book is worth £3.6m.

Shieldtech is valued at £2.9m.

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