OUR STRATEGY
Our goal is to be a leader in the optical
fi bre-based laser market.
QUARTER 1 QUARTER 2
Released product roadmap for MICRO
and MARKING at Laser 2005
Cell-based manufacturing introduced
Capital injection of £2.2m net from
venture investors
Venture finance loan received of £2.0m
Industrial interfaces added to
first MICRO laser combined with
regulatory compliance
First lasers sold into production
stent environment
Capital injection of £1.6m net from
venture investors
SPI’s current business was established in
2000 to exploit technology developed by the
renowned Optoelectronics Research Centre
at the University of Southampton. Initially,
SPI focused on the manufacture of optical
components for the long-distance, high-speed
telecommunications industry. In doing so, SPI
gained expertise in the design and manufacture
of specialty optical fi bre and Bragg gratings,
a form of mirror or fi lter contained in optical
fi bre, for use in optical processing. These skills
are transportable into other markets.
In 2003, the Company re-launched as a fi bre
supplier and developed its fi rst portfolio for the
industrial laser market place during 2004.
OUR STRATEGY
OUR HISTORY
1 AT A GLANCE
2 OUR TECHNOLOGY
2 CURRENT PRODUCTS
3 OUR MARKETS
4 CHAIRMAN’S STATEMENT
6 CHIEF EXECUTIVE’S REVIEW
8 FINANCIAL REVIEW
12 BOARD OF DIRECTORS
14 DIRECTORS’ REPORT
18 STATEMENT OF DIRECTORS’ RESPONSIBILITIES
19 INDEPENDENT AUDITORS’ REPORT
20 GROUP PROFIT AND LOSS ACCOUNT
20 GROUP STATEMENT OF TOTAL RECOGNISED
GAINS AND LOSSES
21 GROUP BALANCE SHEET
22 COMPANY BALANCE SHEET
23 GROUP CASH FLOW STATEMENT
24 NOTES TO THE FINANCIAL STATEMENTS
36 OFFICERS AND PROFESSIONAL ADVISERS
CONTENTS
OUR HISTORY
