COVID-19 Update

Dear Customers,

Following our last communication on 27th March, we wanted to provide you with an update on how we are managing the business during the ongoing pandemic.

As discussed previously, we have made amendments to the facility to ensure safe working practices for our employees and have further evolved these to reflect the latest guidance in the Government’s COVID Secure resources.

Due to the fantastic efforts of our employees, Artemis has been able to maintain production throughout. We finished our 2019/2020 financial year in March at 98% of budget, despite the challenges that were posed from December onwards as the pandemic took a grip globally.

We are in the fortunate position that we have not had to furlough or reduce the hours of any of our staff and have no plans to do so going forwards. In fact, the business is likely to be looking to recruit in the coming months to support our ongoing growth.

As well as continuing to supply our Key Defence and Security customers, we have, in our own small way contributed to the National effort. Throughout April and May, we have been supplying coated mirrors to another South-West based customer within 24 hours of receipt of material. These mirrors are used in the 3D printing systems which have been diverted to making ventilator components. Just last week, we responded to an urgent call for optics used in heat detection systems for COVID screening.

Because of the flexibility shown by the workforce, our OTD statistics remain at greater than 90% whilst our overall utilised capacity is < 70%. As such, we would like to reassure our customers that not only do Artemis remain open for business, but that we are in a position to assist with any challenges that this situation has caused you, even where those may fall outside our traditional scope of work.

Yours faithfully,

Nick Hurst

CEO