SALEM, NH--(Marketwire - Mar 1, 2012) -

 1 March 2012 ProPhotonix Limited ("ProPhotonix" or "the Company") PRELIMINARY RESULTS FOR THE YEAR ENDED 31 DECEMBER 2011 ProPhotonix Limited (London Stock Exchange - AIM: PPIX and PPIR, OTC: STKR.PK), a designer and manufacturer of LED light engines and laser diodes modules with operations in Ireland and the U.K., today announces its unaudited preliminary results for the year ended 31 December 2011. Financial Highlights * Revenue increased 12% to $17.0 million (FY 2010: $15.2 million) * LED revenue increased 27% to $8.6 million (FY 2010: $6.8 million) * Gross profit increased 9.2% to $6.3 million (FY 2010: $5.8 million) * Gross profit margin stable at 37.4% (FY 2010: 38.2%) * Operating loss reduced to $843,000 (FY 2010: loss $2.8 million) * EBITDA break-even vs. $0.3 million loss in 2010 (excluding AIM flotation expenses and facility lease termination charges) * Order bookings of $16.6 million (FY 2010: $15.1 million) * Percentage revenue by market sectors: industrial 73%, medical 18%, and homeland security & defense 9% * Percentage revenue by geography: 57% Europe, 33% North America and 10% Rest of World * Cash balances of $4.1 million (FY 2010: $1.8 million) Operational Highlights * Implemented threefold increase in LED production capacity early in 2011 * Successful placing to raise $5.1 million (GBP3.3 million) completed in July 2011 * Completed realignment of sales organization along geographic lines and significantly increased size of sales force in Q4 2011 * Appointment of Luster LightTech as exclusive distributor in China * Appointments of Tim Steel and Vincent Thompson as non-executive directors Mark W. Blodgett, Chairman and Chief Executive Officer, commented:"2011 was an important year for ProPhotonix during which we significantly strengthened our R&D and sales efforts, expanded our product offering, and strengthened our balance sheet with the secondary stock offering last July. While disappointed with the slowdown in sales to several customers in the solar equipment industry in the second half, the Company reported improved financial results and experienced sales growth in 2011." Enquiries: ProPhotonix Limited Tel: +44 (0)12 7971 7170 Mark W. Blodgett, CEO [ ir@prophotonix.com ] N+1 Brewin Tel: +44 (0)113 241 0130 Andrew Craig/ Ben Wright Cubitt Consulting Tel: +44 (0) 20 7367 5100 Chris Lane RD:IR Tel: +44 (0) 20 7492 0500 Isabel Richardson About ProPhotonix ProPhotonix Limited, headquartered in Salem, New Hampshire, is an independent designer and manufacturer of diode-based laser modules and LED systems for industry leading OEMs and medical equipment companies. In addition, the Company distributes premium diodes for Opnext, QSI, Sanyo, and Sony. The Company serves a wide range of markets including the machine vision, industrial inspection, defense, sensors, and medical markets. ProPhotonix has offices and subsidiaries in the U.S., Ireland, U.K., and Europe. For more information about ProPhotonix and its innovative products, visit the Company's web site at [ www.prophotonix.com ] . Click on, or paste the following link into your web browser, to view the associated PDF document. [ http://www.rns-pdf.londonstockexchange.com/rns/4395Y_1-2012-2-29.pdf ] This information is provided by RNS The company news service from the London Stock Exchange END