REL: 1225 HRS Rakon Limited
GENERAL: RAK: Rakon update on impact of Japan earthquake
Rakon wishes to express its concern for all those affected by the earthquake
and tsunami that struck Japan on March 11. Brent Robinson, Rakon's CEO, said
the company had deep and enduring relationships with Japanese suppliers and
customers. He expressed great sympathy for the losses they may have suffered
amongst their families, friends and businesses.
From the information gathered to date Rakon does not expect any immediate,
material impact on its business. Most of Rakon's key Japanese suppliers are
either located away from the area that has suffered the most, or have
multiple facilities so expect to be able to adjust. In the near term Rakon
expects to be able to manage any delays in material supply by drawing from
its existing inventory holdings. However, Rakon's team are continuing to
monitor the impact of the disaster and will provide an update should the
impact on its business change.
End CA:00206880 For:RAK Type:GENERAL Time:2011-03-16 12:25:24