Pace Micro Technology chairman Mike McTighe has told the digital TV technology developer’s AGM that the company remains on track to meet its revised targets for the shortened 2007 financial year. Pace is benefiting from company efficiencies and the fact that continued investment in the US marker is finally paying off.
“While the current exceptional sales performance in the US…is anticipated to adjust to more sustainable levels in 2008, Pace has continued to develop its business across all of the major world markets for pay-TV,” said McTighe.
Pace has moved its financial year-end from June 3 to the end of the calendar year.