Payton Planar Magneticsannounces that the release of the results for the full year 2005 will be postponed from March 23 to March 29, 2006 thus due to the postponing of the Board of Directors' meeting of Payton Industries Ltd., parent company of Payton Planar Magnetics.
Financial results will be issued after stockmarket closure.
Payton Planar Magnetics Ltd., an Israeli-based high-tech company, designs, manufactures and markets Planetics®, its customized line of planar transformers and inductors to Original Equipment Manufacturers and their suppliers of power electronics. The group currently employs 165 people (including executive officers). Planar Magnetic Components are used in end products in various industries, including Telecommunications, cellular infrastructure, welding machines, Military/Avionics, portable equipment and consumer goods. Planar Magnetics is a revolutionary design technology that is superior to conventional transformers and inductors, and has already been accepted by electronics design engineers as the state-of-the-art in high frequency power electronics design. Payton Planar Magnetics is a subsidiary of Payton Industries, headquartered in Israel, and has manufacturing and marketing operations in Israel and in the United States. Payton Planar Magnetics is publicly traded on the Euronext stock exchange in Brussels (ticker: PAY).
For more information, please visit Payton's web site at www.paytongroup.com or contact Patrick Valkenberg, Citigate, at int-32-(0)2-713 0721 or pvalkenberg@citigate.be or Michal Lichtenstein, Chief Finance Officer 00- 972-3-9611164 or Michal@paytongroup.com