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RNS Number : 1267X

Genedrive PLC

08 August 2018

 

                                                        

 

GENEDRIVE PARTNERS WITH FIND TO EVALUATE A MOLECULAR DIAGNOSTIC KIT FOR HEPATITIS C VIRUS IN DECENTRALISED SETTINGS

·     Evaluation studies of the Genedrive® HCV ID Kit will take place in Cameroon and Georgia

·     Assay designed for use in low-resource settings, delivering results in 90 minutes

 

Manchester, U.K. and Geneva, Switzerland – 8 August 2018 – genedrive plc, a near patient molecular diagnostics company, and the Foundation for Innovation of New Diagnostics (FIND), announced today a study agreement for the performance evaluation of genedrive plc's hepatitis C virus (HCV) Genedrive® HCV ID Kit. The Genedrive® HCV ID Kit is a qualitative HCV diagnostic assay, performed on the company's portable molecular diagnostics platform, Genedrive®. The assay is designed for use in low-resource settings, and delivers results in 90 minutes.

 

Under today's agreement, FIND will lead evaluation studies in Cameroon and Georgia between September 2018 and May 2019. These studies are designed to confirm the diagnostic accuracy of Genedrive® HCV ID across diverse genotypes, as well as to assess usability in the intended market setting. genedrive plc will provide product in-kind to support the study.

 

"We are appreciative of the support of FIND in leading these studies," said David Budd, CEO of genedrive plc. "Positive outcomes should further facilitate our commercialisation activities in these regions, as well as providing important clinical field data that others look to as they decide to implement Genedrive® in their own specific settings."

 

FIND's evaluations of Genedrive® HCV ID Kit will feed into the organization's broader HCV efforts. FIND is the lead partner on a multi-year, multi-country HCV project funded by Unitaid to support the development of simple HCV diagnostic tools for use at the point of care, which can be made widely available to those who need them.

 

"These studies are a perfect fit with our ongoing efforts to improve the options for affordable, easy-to-use HCV diagnostics," said Francesco Marinucci, Head of HCV and HIV at FIND. "We look forward to the results and to ongoing collaboration with genedrive plc."

 

The World Health Organization estimated that 71 million people had chronic HCV infections in 2015. If left untreated, HCV can cause serious, lifelong illness or death due to liver cirrhosis. Levels of HCV co-infection with HIV and tuberculosis (TB) are high, meaning failure to address HCV will affect efforts to control both TB and HIV. The global health sector aims to eliminate viral hepatitis as a public health threat by 2030. Given advances in HCV drug development, treatment options have become easier and more affordable. However, similar progress has not been made in HCV diagnostic development. There is a critical lack of easy-to-use, affordable tools for diagnosis at the point of care – an estimated 80% of people living with HCV are not diagnosed.[1]

 

FIND's contribution to this initiative is supported by Unitaid.

 

About genedrive plc

genedrive plc is a molecular diagnostics company developing and commercialising a low cost, rapid, versatile, simple to use and robust point of need molecular diagnostics platform for the diagnosis of infectious diseases and for use in patient stratification (genotyping), pathogen detection and other indications. The Genedrive® HCV ID Kit has received CE-IVD Certification and has been launched in Africa and Asia Pacific. genedrive has distribution agreements with subsidiaries of Sysmex Corporation for the distribution of the Genedrive® platform in the EMEA and Asia Pacific regions, and with Arkray Pvt Ltd in India. Genedrive® mTB assay is in development. Further details can be found at: www.genedriveplc.com and www.genedrive.com 

 

About FIND

FIND was established in 2003 as a global non-profit dedicated to accelerating the development, evaluation and delivery of high-quality, affordable diagnostic tests for poverty-related diseases, now including malaria, tuberculosis, HIV/AIDS, sleeping sickness, hepatitis C, leishmaniasis, Chagas disease, Buruli ulcer, non-malarial fever and diseases with outbreak potential, such as Ebola. FIND has partnered in the delivery of 20 new diagnostic tools and created an enabling environment for numerous others through the provision of specimen banks, reagent development and better market visibility. FIND also supports better access to new diagnostics through implementation, quality assurance and lab strengthening work. FIND has nearly 200 partners globally, including research institutes and laboratories, health ministries and national disease control programmes, commercial partners, bilateral and multilateral organizations, especially WHO, and clinical trial sites. For further information, please visit www.finddx.org 

 

Media contacts:

 

genedrive plc

David Budd: CEO                                                                                                                                  

Matthew Fowler: CFO

T: +44 (0)161 989 0245

 

Consilium Strategic Communications

Chris Gardner, Matthew Neal, Laura Thornton; Consilium Strategic Communications

T: +44 (0)203 709 5700

[email protected] 

 

FIND

Sarah-Jane Loveday, Head of Communications
T: +41 (0) 22 710 27 88
M: +41 (0) 79 431 62 44
[email protected] 

 

 

 

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[1] WHO global hepatis report 2017, http://apps.who.int/iris/bitstream/10665/255016/1/9789241565455-eng.pdf?ua=1 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

 

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RNS Number : 3597W

Immotion Group PLC

01 August 2018

 

1 August 2018

Immotion Group PLC

New ImmotionVR location

 

Immotion Group Plc ("Immotion Group" or the "Group"), the UK-based immersive virtual reality ("VR") 'Out of Home' entertainment business, is pleased to announce that it has opened a new ImmotionVR location at Xscape Yorkshire, Castleford.

 

The Company now has three ImmotionVR experiences in operation, following the installation of ImmotionVR, Bristol last year and ImmotionVR, Manchester in June. This roll out is in line with the Company's strategy to build its suite of owned and operated sites within shopping centres and family entertainment destinations across the UK.

 

This is one of three revenue streams identified by the company to facilitate its vision to become a leading participant in the 'Out of Home' VR experience market by creating and publishing high quality VR content and combining it with its VR motion platforms to create truly immersive experiences.

 

The family-focused entertainment and leisure attraction, Xscape Yorkshire, welcomed 4.2 million visitors in 2017. Xscape Yorkshire also has an average 4.5 out of 5 rating on consumer website TripAdvisor.

 

Martin Higginson, Executive Chairman of Immotion, said: "We are rapidly delivering on our strategy and are very proud to have delivered our third ImmotionVR centre in just seven months. We are delighted to partner with Xscape Yorkshire, which provides great family entertainment to the people of Yorkshire and beyond. We hope that this latest ImmotionVR site delivers the same fun and great ratings that we have seen in Bristol and Manchester as we continue to build the business across the UK, Europe and USA in what is an exciting, fast growing market."

 

Jason Warren, Xscape Yorkshire General Manager, said: "ImmotionVR has filled the gap for quality virtual reality experiences at Xscape. It's a fantastic addition to our line-up and is sure to be a hit with our customers, both big and small."

 

Enquiries:

Immotion Group	Martin Higginson	Tel: +44 (0) 161 235 8505
WH Ireland Limited (Nomad and Joint Broker)	Adrian Hadden Jessica Cave	Tel: +44 (0) 207 220 1666
Shard Capital Partners LLP (Joint Broker)	Damon Heath Erik Woolgar	Tel: +44 (0) 20 7186 9900
Redleaf Communications (Financial PR)	Elisabeth Cowell Robin Tozer Ian Silvera	Tel: +44 (0) 20 3757 6880 [email protected]

 

Media Contacts for Xscape Yorkshire:

 

PoucherPR

Graham

Tel: 07587 180 005 [email protected]

About Immotion Group

Immotion Group, co-founded by Martin Higginson and David Marks in 2017, generates revenues through the delivery of high quality "state of the art" VR experiences, combined with cutting edge motion platforms to consumers at an affordable price point through a range of routes:

 

·     Sales – sale of VR Motion Platforms to Leisure and Entertainment operators provide the opportunity for the operator to drive substantial ancillary revenues

 

·     Concession partners – currently installed at Merlin Entertainments' LEGOLAND® Discovery Centre in Boston, USA and Genting Resorts World in Birmingham, with further sites under agreement – this channel provides an opportunity for its partners to earn ancillary revenues, as well as providing an exciting additional attraction to their facilities

 

·     Owned and franchised outlets, trading as Immotion VR, located in high footfall shopping centres – first retail store in Bristol (opened in December) has seen growing revenues, and has enjoyed 100% 5* reviews on TripAdvisor

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

 

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RNS Number : 3902W

Xeros Technology Group plc

01 August 2018

 

RNS Reach

 

1 August 2018

 

Xeros Technology Group plc

 

Major shipment of Xeros' near-waterless commercial washing machines to South Africa's Cape Province

 

Xeros Technology Group plc (AIM: XSG, 'the Group', 'Xeros'), the UK-headquartered technology business and innovator of a near-waterless laundry system, and fanute, a solution provider to the hospitality industry, announce the shipment of 16 near-waterless washing machines to the drought-inflicted Cape Province region of South Africa.   

Cape Town is just one region where drought has led to a permanent change in water consumption being legislated, creating increased demand for Xeros' sustainability credentials in geographic markets that can no longer ignore issues around water scarcity.

 

The innovative solution, supplied through Xeros' commercial laundry division, recently-renamed Hydrofinity, offers a revolutionary leap forward in sustainability, replacing water with its reusable and recyclable polymer XOrbTM technology.

 

XOrbs deliver up to an 80% reduction in water use and material reductions in both energy and detergent, whilst delivering a superior cleaning result compared to traditional cleaning by absorbing stains and stray dye as well as extending linen life.

Xeros' technology will be delivered into the South African market by fanute as the sole distributor for Hydrofinity near-waterless laundry systems in South Africa.

Hydrofinity operates a network of approved distribution partners in markets where significant water stress is creating growing demand for its water-saving technology. This is the first of several large shipments expected to be sent in the next two months to Hydrofinity approved distribution partners in countries with high water stress and high water cost.

 

Mike Ferrand, Managing Director, Hydrofinity, said:

 

"Our near-waterless technology will bring huge sustainability benefits as climate change and a rapidly growing population place enormous stress on South Africa's water resources.

 

"We are now starting to make significant shipments of Xeros machines around the world. As businesses struggle with stringent restrictions on water use, our award-winning solution offers a sustainable alternative with significant competitive advantages.

 

"Around the world, governments and utility companies are beginning to use water pricing and taxes to reflect the need to reduce water consumption and we are ideally placed to help commercial customers minimise their water usage and cost."

 

Enquiries

 

Xeros Technology Group plc Mark Nichols, Chief Executive Officer Paul Denney, Chief Financial Officer	Tel: 0114 321 6328
Instinctif Partners Adrian Duffield / Helen Tarbet / James Gray	Tel: 020 7457 2020

About Xeros

Xeros Technology Group plc is a platform technology company that is reinventing water intensive industrial and commercial processes. Xeros is currently working to radically improve economics and sustainability of manufacturing processes used in garment and fabrics and in their subsequent life cycle of cleaning.

 

Xeros uses its patented reusable and recyclable XOrb technologies to significantly reduce the amount of water used in a number of major applications with the remaining water becoming far more efficient and effective in either affixing or removing molecules from substrates such as fabrics and garments. The result being significant improvements in economic, operational and sustainability outcomes that are unattainable with traditional processes.

 

Xeros is organised in three divisions; Textile Technologies addressing garment finishing and dyeing markets, Tanning Technologies addressing the Leather industry and Cleaning technologies comprising domestic laundry, commercial laundry (recently branded "Hydrofinity") and the cleaning of high performance workwear (branded "Marken").

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

 

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RNS Number : 4077V

1PM PLC

23 July 2018

 

 

 

23 July 2018

1pm plc

(the "Group" or the "Company")

 

Successful launch of new "Direct to Consumer" online vehicle finance brokerage

First digital offering in the Group's product range

 

 

1pm plc, the AIM listed alternative finance provider, is pleased to announce the successful establishment of its first digital online product offering for arranging consumer vehicle finance.

 

The Group's wholly owned subsidiary, Car Finance 2U Limited ("CF2U"), which historically has received vehicle finance business referred from motor dealers, will now also be able to receive business direct from consumers through its new web-site, www.carfinance2u.co.uk.

 

The simple, online application process plus search engine optimization and pay-per-click advertising is attracting a substantial level of customer interest. CF2U is also generating leads from other 1pm Group companies, demonstrating the very considerable cross-selling potential of the Group's range of finance products for both SMEs and consumers.

 

CF2U has recruited two highly experienced Relationship Managers, one of whom is from the online car finance broker industry and with industry-standard proposal management software being used and new larger premises, the brokerage is planning for growth.

 

Mark Burgess, Managing Director of CF2U, commented:

 

"Consumers are increasingly sourcing their car finance needs on line, gaining an approval for car finance first and then selecting a vehicle. The car finance process lends itself well to transacting business online and the market is growing rapidly.

 

"Whilst there is strong competition in the direct consumer car finance market, by leveraging the full extent of cross-selling opportunities available to us as part of the 1pm Group and by attracting business from a mix of direct and third party referrals, we plan over time to create a 'direct-to-consumer' department similar in size to our existing dealer referred business, effectively doubling the size of CF2U.

 

"At the same time, we will be able to attract a wider spread of credit customers resulting in a greater utilization of our funding partners, consequently lowering overall business risk."

 

Ian Smith, Group CEO, commented:

 

"This exciting development at CF2U is a significant step towards our strategic objective of enhancing our digital capability, managing risk and profitably expanding our customer base. We are delighted with the commercial progress being made at our most recently-acquired business."

 

 

 

For further information, please contact:
1pm plc
Ian Smith, Chief Executive Officer	01225 474230
James Roberts, Chief Financial Officer	01225 474230
Cenkos (NOMAD)
Max Hartley, Julian Morse (Sales)	0207 397 8900
Walbrook PR	0117 985 8989
Paul Vann	07768 807631
	[email protected]

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

 

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RNS Number : 7965U

SpaceandPeople PLC

17 July 2018

 

SpaceandPeople plc

("SpaceandPeople" or the "Group")

Renewal of Contract

SpaceandPeople has renewed its exclusive contract with M&G Real Estate for experiential marketing, mobile promotions kiosks and pop-up retailing opportunities across its wholly-owned portfolio of shopping centres

SpaceandPeople plc (AIM:SAL) is delighted to have extended its exclusive contract to manage the promotional and retail space across M&G Real Estate's wholly-owned portfolio of shopping centres for a further five years.

M&G Real Estate's portfolio of shopping centres includes The Galleries Washington, Cwmbran Centre, The Friary Guildford, Ayr Central, Culver Square Colchester, Fremlin Walk Maidstone, Brunswick Centre Scarborough and Gracechurch Centre Sutton Coldfield.

Matthew Bending, Space and People CEO, said:

"I am delighted that M&G Real Estate, one of our longest standing partners, has chosen to renew its agreement with us for a further five years. We look forward to successfully growing our relationship with them even further during this period."

For further information, contact:

SpaceandPeople Plc	0845 241 8215
Matthew Bending, Gregor Dunlay
Cantor Fitzgerald Europe	020 7894 7000
David Foreman, Will Goode (Corporate Finance)

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

 

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RNS Number : 6992U

First Derivatives PLC

16 July 2018

 

16 July 2018

 

First Derivatives plc

("FD" or the "Group")

 

European Energy Market Contract Win

 

FD (AIM:FDP.L, ESM:FDP.I) announces that it has been selected, alongside its partner CGI, to deliver a next-generation electricity information exchange for Fingrid, the transmission system operator for Finland. This significant contract win further demonstrates Kx technology's applicability within utilities, in particular opening up the potential for further wins as transmission system and energy market operators upgrade their systems to cope with more demanding regulation and deliver additional services.

 

Under the deal Kx technology will provide key functionality for the new system, known as Datahub, and will be integrated with CGI's Central Markets System (CMS) to deliver a centralised information exchange for retail markets that stores data from all of Finland's 3.5 million places of electricity consumption. Datahub will simplify, speed up and enhance the efficiency of the data exchange required by the retail electricity market.

 

Within Datahub, Kx for Sensors will provide the meter data management and settlement functions, handling data validation and frequent recalculations of market settlement amounts involving large amounts of time-series data, both historic and real-time. Kx for Sensors will be integrated with the CMS system of CGI, one of the world's largest providers of systems to the utilities markets, including as partner to eight of the ten largest utilities in both Europe and North America.

 

Together, Kx and CGI will provide Fingrid with an advanced system that will transform the capabilities of market participants within the Finnish electricity market. Similar next-generation capabilities will be required by other European transmission and market operators, for example to deliver 15 minute imbalance settlement between electricity suppliers and consumers, an EU requirement by December 2020.

 

Asta Sihvonen-Punkka, CEO of Datahub Oy, a subsidiary of Fingrid, commented: "The energy sector will undergo a major transformation in the coming years. We are heading towards a clean and reliable market-based electricity system. The Datahub will play a very important role in this electricity market transition."

 

Leena-Mari Lähteenmaa, Senior Vice President of CGI Finland, commented: "Fingrid is a forward-thinking transmission systems operator and its Datahub will introduce multiple benefits for the Finnish electricity market. A key component of the delivery of these benefits is the high performance and lower total cost of ownership of Kx, particularly its proven capability to handle data at scale. Together, CGI and Kx's products create a powerful solution in a rapidly evolving market."

 

Brian Conlon, Chief Executive Officer of Kx, commented: "The combination of CGI, with its market-leading CMS system, and Kx for Sensors creates a compelling solution that helped secure this contract with Fingrid in a competitive and rigorous process. We believe other operators in the energy ecosystem will see the advantage that the use of high performance data solutions powered by Kx can bring to transform their operations and look forward to working with them to secure these benefits."

 

 

Enquiries

For further information please contact:

First Derivatives plc Brian Conlon, Chief Executive Officer Graham Ferguson, Chief Financial Officer Ian Mitchell, Head of Investor Relations	+44(0)28 3025 2242 www.firstderivatives.com
Investec Bank plc (Nominated Adviser and Broker) Andrew Pinder Carlton Nelson Sebastian Lawrence	+44 (0)20 7597 5970
Goodbody (ESM Adviser and Broker) Linda Hickey Finbarr Griffin	+353 1 667 0420
FTI Consulting Matt Dixon Dwight Burden Darius Alexander Niamh Fogarty	+44 (0)20 3727 1000

About FD

FD is a global technology provider with 20 years of experience working with some of the world's largest finance, technology, retail, pharma, manufacturing and energy institutions. The Group's Kx technology, incorporating the kdb+ time-series database, is a leader in high-performance, in-memory computing, streaming analytics and operational intelligence. Kx delivers the best possible performance and flexibility for high-volume, data-intensive analytics and applications across multiple industries. FD operates from 14 offices across Europe, North America and Asia Pacific, including its headquarters in Newry, and employs more than 2,300 people worldwide.

 

For further information, please visit www.firstderivatives.com and www.kx.com

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

 

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RNS Number : 3765U

Immotion Group PLC

12 July 2018

 

 

12 July 2018

Immotion Group PLC

 

Admission and First Day of Dealings

Placing to raise £5.75 million

 

Immotion Group Plc ("Immotion Group" or the "Group"), the UK-based immersive virtual reality ("VR") 'Out of Home' entertainment business, is pleased to announce that the Admission and trading of its Ordinary Shares will take place today at 8.00am on the AIM market of the London Stock Exchange ("AIM"). The Company will be trading under the ticker symbol IMMO.

 

Highlights

 

·      £5.75 million gross proceeds raised through the placing of 57,500,000 new Ordinary Shares at 10p per share, in a significantly oversubscribed placing through WH Ireland Ltd and Shard Capital Partners LLP – the number of ordinary shares in issue will be 195,351,590

 

·      Upon Admission, the Group will have a market capitalisation (at the Placing price of 10p per Ordinary Share) of approximately £19.54m

 

·      Funds will be used to implement Immotion Group's strategy to become a leading participant in the 'Out of Home' VR experience market by creating and publishing high quality VR content and combining it with its VR motion platforms to create truly immersive experiences

 

·      The 'Out of Home' VR experience market is forecast to grow eight-fold to $8bn by 2022

 

·      Immotion generates revenues through the delivery of high quality "state of the art" VR experiences, combined with cutting edge motion platforms to consumers at an affordable price point through a range of routes:

o  Sales – sale of VR Motion Platforms to Leisure and Entertainment operators provide the opportunity for the operator to drive substantial ancillary revenues

o  Concession partners – currently installed at Merlin Entertainments' Lego Discovery Center in Boston, USA and Genting Resorts World in Birmingham, with further sites under agreement – this channel provides an opportunity for its partners to earn ancillary revenues, as well as providing an exciting additional attraction to their facilities

o  Owned and franchised outlets, trading as Immotion VR, located in high footfall shopping centres – first retail store in Bristol (opened in December) has seen growing revenues, and has enjoyed 100% 5* reviews on TripAdvisor

 

·      "Create, Publish and Distribute" model – Immotion Group's award winning creative studios are creating exciting VR content for its motion platforms, published using its proprietary Content Management System

 

·      Established by Martin Higginson and David Marks, two highly experienced technology and media entrepreneurs, with Sir Robin Miller as Chairman

 

Martin Higginson, Chief Executive Officer of Immotion Group, said: "In combining award-winning storytelling, CGI production and precise motion synchronisation, Immotion Group can deliver experiences that are not easily replicable in the 'in home' market. We have already experienced a very positive reaction from consumers, many of whom are trying VR for the first time, and from business partners who see the strong potential for our VR platforms to provide a new revenue opportunity.

 

"The five star reviews received from our retail customers, along with the early sales of motion platforms and a successful launch experienced by our Concession Partner, Merlin Entertainments' Lego Discovery Center in Boston, have given us confidence in the market and our strategy to deliver on the opportunity. We believe that this IPO will enable us to build momentum and achieve our goal to build the business across the UK, Europe and USA in what is an exciting, fast growing market."

 

To view the Company's Admission Document, please visit: https://immotion.co.uk/

 

Enquiries:

 

Immotion Group	Martin Higginson	Tel: +44 (0) 161 235 8505
WH Ireland Limited (Nomad and Joint Broker)	Adrian Hadden Jessica Cave	Tel: +44 (0) 207 220 1666
Shard Capital Partners LLP (Joint Broker)	Damon Heath Erik Woolgar	Tel: +44 (0) 20 7186 9900
Redleaf Communications (Financial PR)	Elisabeth Cowell Robin Tozer Ian Silvera	Tel: +44 (0) 20 3757 6880 [email protected]

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

 

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Neville Registrars is delighted to welcome Immotion Group PLC as the newest addition to its list of client companies.

Immotion Group provide customers with immersive ‘out-of-home’ VR experiences.

Further information can be found on the Company's website: https://immotion.co.uk/

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Neville Registrars is delighted to welcome Ecopilot (NI) Limited as the newest addition to its list of client companies.

Further information can be found on the Company's website: http://www.ecopilot.co.uk/

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RNS Number : 1047T

EU Supply PLC

29 June 2018

 

RNS Reach

29 June 2018

EU Supply plc

("EU Supply", the "Company" or the "Group")

 

Contract win

 

EU Supply (LSE AIM: EUSP), the e-procurement software provider, is pleased to announce that it has signed its fifth contract pursuant to the framework agreement entered into with an existing customer (the "Customer") for additional services to its CTMTM platform announced by the Company on 16 June 2017 (the "Agreement"). 

 

This contract comprises certain customer-paid enhancements, which are expected to generate revenues of approximately €70k during the remainder of this year.

 

Discussions are continuing with the Customer on further specific call-off orders for additional services to be delivered in 2018.

 

 

FURTHER ENQUIRIES

EU Supply PLC Tel: 020 7127 4545 Thomas Beergrehn, CEO   Fredrik Wallmark, CFO       Stockdale Securities Tel: 020 7601 6100 Tom Griffiths, Ed Thomas

 

A copy of this announcement is available at www.eu-supply.com.

 

Notes to Editors

EU Supply is the UK holding company of the EU Supply Group, a Sweden-based e-commerce business, which has an established, market-leading, multilingual e-procurement platform for e-sourcing, e-tendering and contract management, tailored for the highly regulated European public sector market.

Since 2006, the Group has invested heavily in employing specialist programmers to add functionality, legal compliance as required and security features to its Complete Tender Management™ ("CTM™") platform to ensure that the Group is ideally placed to secure new contracts with EU Member States and their Contracting Authorities. The platform is available in 16 different languages.

The Directors believe that the Group's CTM™ platform is one of the easiest to use and most functionally advanced solutions available in the market. The CTM™ platform is used by over 8,000 European public sector bodies in 9 EU/EEC Member States and has National Procurement System status in four Member States (the UK, Ireland, Norway and Lithuania).

The Company's shares were admitted to trading on AIM in November 2013. In August and September 2015, the Company raised a total of £2.061m (before expenses) through a placing of new shares and the issue of first and second tranches of Convertible Loan Notes to institutional and other investors. On 25 May 2018, the Company announced that it had raised a further £600k (before expenses) through a placing and subscription of new shares.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

 

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