Clyde Process Solutions plc - Pre-Close Trading Statement

 Clyde Process Solutions plc

(“CPS” or the “Group”)

Pre-Close Trading Update

The Group’s trading performance since the half year has been in line with market expectations, as it continues to drive forward its well diversified strategy across customer markets and geographical territories. These initiatives have been complemented by a diligent focus on customer contact, controlling costs, credit control and managing cash.

CPS’s order book as at 31 January 2010 stood at £19.5 million against £24.5 million at the same point in the previous year, reflecting the continuing challenging economic trading conditions experienced by the Group.  However, CPS has built a healthy sales pipeline from a wide range of customer markets, which is providing a solid foundation for order intake growth.

The Group’s ability to deliver the operational, economic and environmental benefits which can be achieved through the implementation of its pneumatic conveying and air filtration solutions have been paramount to many of the orders which have been secured during this financial year.

Alex Stewart, Chief Executive of Clyde Process Solutions plc, said: “Order book and sales prospect conversion have formed the focal point of our efforts during the second half of this financial year.  2009 was clearly a challenging economic climate to operate within but our business has performed strongly during this period thanks to the efforts of our global workforce. Whilst the Group enters 2010 in a solid position, we recognise that a degree of uncertainty remains in the timing of capital expenditure across some of our key customer markets.”

“We shall, however, continue to drive forward our well diversified strategy by promoting the operational, economic and environmental benefits our innovative solutions can generate across all our key customers markets, through our broad geographical sales footprint.”

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 Notes to Editors

Clyde Process Solutions (“CPS”) is a global provider of pneumatic conveying and air filtration solutions for process industries.  The Group is primarily involved with the design and implementation of value-adding, energy saving and environmentally efficient solutions, which are used to handle the raw materials required to produce commodities such as metals, cement, chemicals, ethanol and foods.  The use of pneumatic conveying and air filtration technologies enables CPS’s clients to solve challenges associated with other methods of conveying, including the control of dust and material spillage and subsequent possible contamination of both operational environments and the local communities in which the manufacturing facilities are based. 

The Group has an extensive, global reference list complemented by operations in Europe, North America, China, South America and South Africa, and uses its technologies to improve the operational effectiveness of their customers’ production processes.The Group has two principal subsidiaries, which both provide a wide range of solutions utilising pneumatic conveying, air filtration, pneumatic injection and valve technologies:

·         MAC Equipment (“MAC”), headquartered in Kansas City, USA, is focused on the design, engineering and manufacturing of customised systems to customers in manufacturing environments, including food, chemicals, building products, plastics, ethanol and biodiesel industries.  MAC’s customers include PepsiCo and BASF.

 ·         Clyde Materials Handling (“CMH”), headquartered in Doncaster, UK, provides solutions to a global and diverse customer base which primarily operates in the metals and minerals markets.  CMH’s customers include, Codelco, Corus, BPB, P&G and Lafarge. 

Focused on the innovation, design and engineering of tailored solutions, CMH has helped generate an array of operational, economic and environmental benefits within its customers’ processes.CPS has over 40 years of experience in the pneumatic conveying and air filtration industry, backed by a wealth of process knowledge.  The Group employs close to 500 staff throughout 10 worldwide offices to support its global customer base. 

Clyde Process Solutions (CPSP.L) listed on the AIM market of the London Stock Exchange in July 2006 and is included in both the FTSE Industrial Engineering sector and the FTSE Environmental Markets index.

For further information, please see www.clydeprocesssolutions.com