Untitled - David Kronemyer

TARGETING INTERNATIONAI OPPORTUNITIES IN
Electronics, Software, and Security, through
operations with in-depth technological shen$hs.
'Our Te chnologt businesses-pincipally comprising
SeuiSt Electronics, and, Sofnaare-had. a good.
year and. are utell positioned. to do euen better.We
are intent on expa.nsion lry both intemal growth
and. ocquisition.We belieue that from its strong UK
position Secuity hos the potential to be o truIy
ir*ruetional businzss: its capabilities attil prod.utts
haue worl&nid.e applicatiorc. Some of our Software
businesses hnae simikr potential: our Finanrial
'Iiading Systems,for example, suit markets ds
far
apolt os Smnilind,aia and Japan.
'In a world defenre market that is at best sto;tic,
our Electronics business has irnreased prof,tability.
Thk results [rom ou stratcgt of inucsting in piuat?
x)enture projects: our Hand HelilThermal Imaging
equipm.ent - already sold. to nine counties - is ct
case in point.The Electronics ordcr book is close lo
the f 1/z billion mark and ute intend ta contirute
deueloping inremntiornl nidn ma*et$' __--
\su^-- \r.q*.oC-.
REVIEV OF ACTMTIES
The Gchnology Group continued its progress
during the year, with tumover increasing by
15 per cent and an improvement in profitability
of 34 per cent. The lbrmulation of plans for
expanding the intemational activities of the group,
in electronics, software and security also advanced
substantially.
Among the important developments affecting
the Security business have been the acquisition of
JEL Energy Conservation Services in October, 1987
and of Kidde Automated Systems Inc in the USA in
June, 1988. The Elechonics business has made
further moves to strengthen its hand internationally
in its specialised market sectors. Fufiher steps were
taken by the Software business to establish
activities in key markets outside the UK.
.o. r"u", S
pictuled in Loodon