Pace Micro welcomes FTSE reclassification to Technology Sector
February 28 2008
Pace Micro Technology plc, the leading dedicated developer of digital TV technologies to the payTV industry, has welcomed its reclassification by the FTSE Global Classification Committee.
The Company will be moved from within the "Household Goods" sector to the “Telecommunications Equipment” subsector of the “Technology Hardware & Equipment” sector. The change will become effective towards the end of March 2008.
Pace’s main focus is on creating intelligent and innovative products and services for the development of digital TV. Over the last 25 years, Pace has developed one of the world's most experienced specialist engineering teams and is now the partner of choice for leading payTV operators across the globe.
Neil Gaydon, Chief Executive Officer of Pace said: “The Committee’s decision reflects our position as a highly specialised technology innovator, providing digital TV technologies and solutions to the world’s leading payTV operators.”
Enquiries to:
Raphaël Mazet/James Stranko
Brunswick
+44 20 7404 5959
Helen Kettleborough
Pace Micro Technology
+44 1274 538005
