Pace says on course to meet expectations
SET-TOP box maker Pace said it is on course to meet management expectations for 2009 and expects to end the year with a positive cash balance.
The Saltaire company is the leading independent developer of digital TV technologies for the global payTV industry.
Chief executive Neil Gaydon said: "2009 was a record year for Pace with excellent growth in shipments, revenue and profitability as we delivered against our strategic, commercial and operational targets.
"We also continued our careful management of the balance sheet, closing the year with a positive net cash balance of over 70m."