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Adacel Technologies Ltd (ADA.AX)

ADA.AX on Australia Stock Exchange

23 May 2017
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$0.02 (+0.82%)
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Latest Key Developments (Source: Significant Developments)

Adacel Technologies revises FY2017 outlook
Wednesday, 3 May 2017 03:27am EDT 

May 3 (Reuters) - Adacel Technologies Ltd ::Profit before tax for FY2017 is now anticipated to be in range of approximately $7.0-7.5 million.Number of delayed contracts will impact fy2017 revenue from systems segment which will be approximately 35-40% below fy2016.Co's services segment is forecast to continue its steady growth trajectory in FY2017, and is expected to grow around 10% over fy2016.Intends to conduct an on-market share buyback during period from 17 may 2017 to 16 may 2018.Co maintains its optimism in relation to total orders for fy2017 being above fy2016 for both systems and services segments.Revised earnings outlook due to longer than anticipated contract administration processes on number of notified awards.  Full Article

Adacel Technologies updates on April orders
Tuesday, 24 May 2016 07:02pm EDT 

Adacel Technologies Ltd : Secured new, renewal and expanded orders during the month of April valued at in excess of A$13.0 million .  Full Article

NAV Portugal selects Adacel Technologies for upgraded ATM System
Monday, 14 Dec 2015 06:34pm EST 

Adacel Technologies:Says selected by NAV Portugal for a major upgrade of the System Atlantico (SATL), the Air Traffic Management system used for Oceanic, En Route, Approach and Tower control within the Santa Maria Flight Information Region.SATL system currently employs Adacel's Aurora ATM automation software. This upgrade is a further step by one of the key Air Navigation Service Providers in the North Atlantic Region (NAT) to improve airspace efficiency through the use of Performance Based Navigation.  Full Article

Adacel Technologies says Gary Pearson has been confirmed as co's CEO
Thursday, 29 Oct 2015 12:31am EDT 

Adacel Technologies:Gary pearson has been confirmed as the company's Chief Executive Officer.  Full Article

Adacel Technologies Ltd's CEO to take medical leave of absence
Sunday, 21 Jun 2015 11:08pm EDT 

Adacel Technologies Limited:Reports that CEO Seth Brown is taking a temporary medical leave of absence commencing immediately.Says during Seth’s absence, current chief operating officer, Gary Pearson, will serve as acting CEO.  Full Article

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BRIEF-Adacel Technologies revises FY2017 outlook

* Profit before tax for FY2017 is now anticipated to be in range of approximately $7.0-7.5 million