RNS Number:0446Z
Plasmon PLC
24 July 2002



24 JULY 2002


PLASMON PLC TRADING UPDATE


The Plasmon Group returned to growth in the first quarter of 2002/3 with sales
increasing 7% year on year. Sales in our European business grew 8% and major
project opportunities for high-end removable storage systems are increasing.
Our US business also achieved growth of 6% and we are now beginning to realise
the benefits of our recent US reorganisation.  We continue to see opportunities
to improve our overall financial performance in the coming year.


Our UDO development programme is progressing well and we are on schedule to
complete Phase II prototype drives in August 2002. Discussions with major
potential OEM customers for UDO are also proceeding well and the technology is
gaining acceptance as the future standard for professional optical storage.



Enquiries:



Plasmon Plc
(01763 261466)
Nigel Street (Chief Executive)
Tim Arthur (Finance Director)



Citigate Dewe Rogerson
(020 7638 9571)
Martin Jackson / Sara Batchelor




		      This information is provided by RNS
	    The company news service from the London Stock Exchange

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