“Besides our focus on enhancing our product offering, we are also taking steps to boost sales in emerging markets like southern Africa.
The investments we are making in product development, paired with our increasing attention to bolstering our market share in key territories, will set the foundation for the next phase of Sarin's growth,” added Mr. Leshem.
Product Development Highlights: Besides upgrades for the Quazer, new rough planning products, such as DiaMobile XL and Instructor, as well as an upgraded version of Orchidia, the rough colour prediction system, are also scheduled for launch over the next few months.
In addition, initial testing for a new product that utilizes Galatea's ground-breaking technology, capable of fully automated evaluation of internal features in diamonds, will commence in Q3 2008.
Upon its successful commercialization, revenue contribution from this new product can be expected in FY2009. This product is expected to strengthen the Group's recurring revenue stream.
IDEX Online's online trading platform has been launched and is now being expanded to a broader market outside the US.This press release should be read in conjunction with Sarin's SGX results announcement released on 12 August 2008.
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