While the location-based technology company said revenues for the half year would still finish above the previous year's H1 level, the news – delivered in its half year trading update – was not well received by the stock market which took the price down 16 pence to 203.5 pence a share, though that sits comfortably above the 180p price it listed at just over one year ago.
Ubisense provides real-time tracking services it likens to an indoor GPS. The company's CEO, Richard Green, said the first six months of 2012 had been a good six months: "The number of automotive opportunities in RTLS continues to increase as we are seeing more and more activity through our relationship with Atlas Copco. We remain confident in the long term prospects for the business."blog comments powered by Disqus