StockMarketWire.com - Public transport CCTV group TG21 plans to change its name to 21st Century Technology at today's AGM.

Chairman Peter Ward says in the company's trading update that it is trading ahead of management expectations for the year to date.

CCTV contracts with Arriva in Europe and Go-Ahead Group in the UK made a significant contribution in the first quarter.

Sales of the EcoManager system also received a boost when Arriva announced all its new buses in the UK and 1,800 buses in its existing fleet would be fitted with the fuel-saving device.

'Cash flow remains strong and I am particularly pleased to report that the group maintains a net cash position,' says Ward.


Story provided by Business Financial Newswire