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4-Traders Homepage  >  Equities  >  SINGAPORE EXCHANGE  >  Sarine Technologies Ltd    SARI   IL0010927254

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Sarin Technologies : Sarin Launches GalaxyTM 1000 XL Service

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01/17/2012 | 05:37pm CEST


FOR IMMEDIATE RELEASE Sarin Launches GalaxyTM 1000 XL Service ? Broadens GalaxyTM 1000 inclusion mapping services to stones of up to 180 carats

? Will significantly contribute to Sarin's recurring revenue from service centres

Kfar Saba, Israel, 16 January 2012 - Singapore Exchange Mainboard-listed Sarin Technologies Ltd ("Sarin") (U77:SI), a worldwide leader in the development, manufacturing and sale of precision technology products for the planning, processing, evaluation and measurement of diamonds and gemstones, is pleased to announce that it has launched its new GalaxyTM 1000 XL service.

The GalaxyTM 1000 XL (for Extra Large) system broadens the range of rough diamonds that can be scanned for internal inclusion mapping purposes from just under 17mm in size on the existing systems to more than double - over 34mm. This will allow rough diamonds weighing up to 180 carats, approximately eight times more in weight than diamonds scanned by the current systems, to be processed, so that all but exceptionally large stones will be able to be scanned and mapped for internal inclusions. Thus, these precious rough stones will be able to
be planned by Sarin's AdvisorTM software with the value of the derivative polished diamonds
optimised not only by Carat weight and Cut, but by Clarity, as well. The considerable value- added benefits experienced by users of our current systems will be even more profound, when realised on these significantly more valuable gems in the rough.
Having been in testing since the summer of 2011, as previously announced, the GalaxyTM
1000 XL has now completed its qualification process. The first system has been installed in the Group's service centre in Israel, with the second unit already shipped to Surat, India. They will join the multiple GalaxyTM 1000 regular systems and the GalaxyTM 1000 HD (High Definition - up to VVS resolution) systems already in operation there. Pricing of the XL service will be dependent on the actual weight of the rough stone being processed and will be
commensurate with the substantial added value provided by the system. We expect the
www.sarin.com :??? ,7094097-90 :??? ,7094099-90 :'?? ,44644 ??? ??? ,7 ??? ???? '?? ,?"?? ?????????? ????
Sarin Technologies Ltd., 7 Atir Yeda St., Kfar Saba 44643, Israel, Tel: +972-9-7903500, Fax: +972-9-7903501, Web: www.sarin.com
GalaxyTM 1000 XL to summarily contribute significantly to the Group's recurring revenue
stream from the service centres.
Uzi Levami, Chief Executive Officer of Sarin commented, "The GalaxyTM 1000 XL provides a unique service to manufacturers by which to scan and map internal inclusions in all but the largest rough diamonds. This, in conjunction with the application of our AdvisorTM planning software will enable these unique, rare and expensive gems to be truly optimised for best value, based on Carat, Cut and Clarity. Automatic linkage to the StrategistTM and QuaserTM II green laser cutting system will further allow for optimal sawing and cutting, taking into account the GalaxyTM mapped inclusions, so as to protect these valuable stones to the utmost and their owners' significant investment in them. We are proud to launch the GalaxyTM 1000 XL service concurrently in Israel and India, as this will expose it to the broadest possible scope of leading manufacturers in the industry. We expect this service will be of significant importance
to the manufacturing industry, and plan to make it available in additional polishing centres later this year."

About Sarin

Established in 1988, Sarin Technologies Ltd. is a worldwide leader in the development and manufacturing of advanced planning, evaluation and measurement systems for diamond and gemstone production. Sarin products include diamond cut, colour and light performance
grading tools, the GalaxyTM family of inclusion mapping systems, rough diamond optimisation
systems, laser cutting and shaping systems, laser-marking and inscription machines and polished diamond visualisation systems. Sarin systems have become an essential gemmology tool in every properly equipped gem lab, manufacturing plant and diamond appraisal business and are today considered essential items by both diamond wholesale dealers and retailers. For more information about Sarin and its products and services, visit http://www.sarin.com.

Contact Cyrus Capital Consulting Mr. Lee Teong Sang Principal Consultant

Tel: +65-9633 9035
Fax: +65-62546811
E-mail: teongsang@cyrus.com.sg

Sarin Technologies Ltd

Akiva Caspi
VP of Marketing and Business Development
Tel: +972-9-7903500 Ext. 152
Fax: +972-9-7903501
E-mail: akiva.caspi@sarin.com
www.sarin.com :??? ,7094097-90 :??? ,7094099-90 :'?? ,44644 ??? ??? ,7 ??? ???? '?? ,?"?? ?????????? ????
Sarin Technologies Ltd., 7 Atir Yeda St., Kfar Saba 44643, Israel, Tel: +972-9-7903500, Fax: +972-9-7903501, Web: www.sarin.com

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Financials ($)
Sales 2016 76,6 M
EBIT 2016 24,1 M
Net income 2016 21,6 M
Debt 2016 9,24 M
Yield 2016 3,03%
P/E ratio 2016 20,94
P/E ratio 2017 15,90
EV / Sales 2016 6,07x
EV / Sales 2017 5,36x
Capitalization 455 M
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Mean consensus OUTPERFORM
Number of Analysts 3
Average target price 1,33 $
Spread / Average Target 3,0%
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Daniel Benjamin Glinert Chairman
David Sydney Block Group Chief Operating Officer & Deputy CEO
William L. Kessler Group Chief Financial Officer
Abraham Meir Kerner Chief Technology Officer, Vice President-R&D
Uzi Levami Executive Director
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