Strix Group Plc, the AIM listed global leader in the design, manufacture and supply of kettle safety controls and other complementary water temperature management components, has announced a trading update for the sixmonth period ended June 30.

The Group continued to perform well during H1 2018

And it is on track to report results in line with market expectations for the full year

The group says cash flow conversion remains strong, continuing to support the dividend policy.

During the period, the Group maintained its global market leading share of 38% with a particularly strong performance in North America.

The American market is something Strix boss Mark Bartlett has had his sights set on for some time.

In the UK alone it is estimated seven out of 10 kettles are fitted with Strix safety controls.

But chief executive officer Mr Bartlett has previously told Business News they will not be resting on their laurels.

The new U9 series of controls is said to have performed positively with more than 60 specifications, securing order volumes of one million.

Focus continued on the development of new products within the hot water on demand category using the company’s ‘mature, patented heating technology to fulfil key consumer insights identified from independent research.’

Aqua Optima experienced a strong performance with market share in the key UK market achieving 20%, a record level, due to increased coverage in the UK retail sector and additional distribution in Central Europe.

The Group continued to defend its intellectual property rights and successfully settled an infringement claim in China for 19 electronic appliances and had five webpages taken down on Amazon across their European platform for products that infringed electronic kettle patent.

Strix is based at Forrest House, Ronaldsway, Ballasalla and the operation includes a manufacturing facility in Ramsey.