Digital TV technology firm Pace plc is “knocking the cover off the ball” according to chief executive Neil Gaydon.

The Saltaire-based company, which is the world’s third largest pay TV digital technology company, said its strategy of being a leader in technology had kept it on track to deliver its business plans and slightly increase operating margins this year.

Mr Gaydon said: “Pace is a well run business with management in control.

“Our commitment to be the most innovative company in our sector is paying off and has kept us at the forefront of new developments.

“I am pleased to report Pace is firmly on track to meet management’s expectations for the 2009 financial year, as the group continues to perform well strategically, commercially and operationally.

“Pace is operating in a strong market and has taken a leadership position in high definition and hybrid products, where there is significant consumer demand.”

The group, which employs 900 staff, including 450 at its base in Salts Mill, successfully launched the Multi-Dweller product, which enables cable TV services to be delivered throughout apartment blocks and in hard to reach properties.

Pace also won customers for its first ‘whole home’ solution for US cable operators. The system enables people to view, record and pause HD programmes on all the TV sets in a home.

Mr Gaydon said while the home market was growing in the US, new technical solutions would be needed to enable it to grow in Europe.

He said: “Our determination to remain a world leader, to forecast developments and deliver solutions means Pace is knocking the cover off the ball.

“Therefore, given current market strengths, Pace’s position and good order visibility, the group continues to be confident in management’s expectations for 2009.”

Pace HD contract wins included Europe’s largest cable TV company UPC Broadband, satellite operator Viasat in Scandinavia, Brazil’s NET Serviços and new customer Sky in Germany.