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RNS Number : 2172Y

Nanoco Group PLC

04 December 2017

 

NANOCO GROUP PLC

("Nanoco" or the "Company")

 

Commercial Supply and License Agreement with the Sports Turf Research Institute

 

Nanoco Group plc (LSE: NANO), a world leader in the development and manufacture of cadmium-free quantum dots and other nanomaterials, today announces that it has signed a Commercial Supply and License Agreement with STRI Group, the world's leading consultancy for design, research and management of natural and synthetic sports turf surfaces.

 

Nanoco will supply its high performance CFQDs to STRI, which is developing CFQD enabled lighting systems to enhance seed germination and speed up the growth of turf for sporting venues and stadia fields. Specific financial details have not been disclosed.

Established in 1929, STRI has recently developed new research facilities in Australia and Qatar and launched design and consultancy hubs in Asia-Pacific, the Middle East and across Europe. Its wide-ranging consultancy services have been used at FIFA World Cup tournaments, the Olympic Games, Wimbledon Championships and The Open Golf Championships.

This latest agreement continues Nanoco's growth in its speciality lighting business where it is already developing products with partners for the horticulture and photodynamic therapy industries. Nanoco was named as a CES 2017 Innovation Awards Honoree for its work in sustainable plant growth in November 2016.

 

 

For further information, please contact:

 

MHP Communications                                                               Tel: +44 (0) 20 3128 8570         

Reg Hoare / Andrew Leach / Giles Robinson / Pete Lambie

[email protected] 

      

 

Notes for editors:

 

About Nanoco Group plc

Nanoco is a world leader in the development and production of cadmium-free quantum dots and other nanomaterials for use in multiple applications including LCD displays, lighting, solar cells and bio-imaging. In the display market, Nanoco has non-exclusive manufacturing and marketing licensing agreements with The Dow Chemical Company, Merck KGaA and Taiwan's Wah Hong Industrial Corporation. Nanoco also has a strategy of direct sales in display and in its other target markets, including lighting.

 

Nanoco was founded in 2001 and is headquartered in Manchester, UK. It has production facilities in Runcorn, UK, and a US subsidiary, Nanoco Inc, based in Concord, MA. Nanoco also has business development executives in Japan, Korea and Taiwan. Its technology is protected worldwide by a large and growing patent estate.

 

Nanoco is listed on the main market of the London Stock Exchange and trades under the ticker symbol NANO. For further information please visit: www.nanocogroup.com.

 

 

About STRI

STRI is the leading global consultancy specialist for the development of elite standard sports surfaces. Providing advice and expertise on the research, design, construction and management of both natural and artificial sports fields of play across the world.

STRI was established in the UK in 1929, and now operates globally out of its three research and design hubs in Europe, Middle East and Asia-Pacific. Clients include some of the world's most iconic sports venues, international tournaments, sports governing bodies, sports club owners and facilities managers, local authorities and schools.

STRI has within its capabilities extensive staff resources working across wide range of R&D, design, consultancy and sustainability disciplines.

Visit www.strigroup.com for more information on STRI and their wide range of services.

 

 

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RNS Number : 7843X

Oxford Pharmascience Group PLC

29 November 2017

 

Oxford Pharmascience Group plc
("Oxford Pharmascience" or the "Company")

 

FDA Pre-IND Advice on OXPzero™ Ibuprofen OTC Opportunity

Oxford Pharmascience, the specialty pharmaceutical company that redevelops medicines to make them better, safer and easier to take, today announces it has received pre-IND scientific advice from the FDA (US regulatory authority) regarding the development programme requirements likely to be needed to support a future new drug application ("NDA") in the US for an OTC product containing OXPzero™ Ibuprofen. Key points from the advice are:

·      The OXPzero™ Ibuprofen drug substance is considered a new ibuprofen salt form and hence will need to be submitted as a 505(b)(2) application (which is typically a faster route to approval than a traditional development path), as it bridges to the well-established safety and efficacy of the reference ibuprofen product.

 

·      Based on the FDA responses, the understanding is that the US NDA can be submitted with only Phase I PK data and that no further safety or efficacy studies are required to licence the product for use in adults, however this will be further assessed once PK data are available with the final to-be-marketed OTC formulation.

 

·      Further data will be required for US paediatric development.

The Company is pleased that OTC formulations of OXPzeroTM Ibuprofen can, in principle, be registered in the US with relatively low cost and low risk pharmacokinetic data.

Subject to completion of the planned demerger (as announced on 10 November 2017 and described in detail in the Circular sent to shareholders on the same date), the OXPzeroTM platform will be owned by the separate private entity, Oxford Pharmascience Limited ("OPL") (currently a subsidiary of the Company). OPL will continue with the ongoing commercialisation of the OXPzeroTM platform assets in both OTC and prescription markets.

Marcelo Bravo, Chief Executive Officer of Oxford Pharmascience, commented:

"This FDA advice underpins our product development strategy for the US OTC market and it is encouraging that our novel, taste-masked OXPzeroTM Ibuprofen formulations can be developed for approval in the US without the need for costly Phase III trials."

For further information please contact:

 

Oxford Pharmascience Group Plc

Marcelo Bravo, Chief Executive               +44 20 7554 5875

Chris Hill, Chief Financial Officer 

 

N+1 Singer (Nominated Adviser & Broker)

Aubrey Powell/Jen Boorer                       +44 20 7496 3000

 

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RNS Number : 5802X

Transense Technologies PLC

27 November 2017

 

 27 November 2017

Transense Technologies plc

("Transense" or the "Company")

New Translogik iTrack Contract Win with BHP in Chile

 

Transense Technologies plc, the AIM quoted company focused on patent-protected sensor systems and supporting technology, is pleased to announce that Translogik, its trading division providing tyre management solutions, has won a further contract through its Chilean partner Otraco, to supply 40 iTrack II mining tyre monitoring systems for large haul trucks at the BHP Billiton mine Cerro Colorado. Cerro Colorado are currently using 16 iTrack I units and have decided to upgrade to iTrack II and roll the system out to their entire fleet.

These systems are to be supplied on a rental and service basis via Otraco. This method allows mining companies to benefit from the productivity gains and overhead savings provided by using the system without any of the associated capital cost while providing Translogik with a recurring revenue stream.

 

Graham Storey, CEO of Transense, said: "We are very pleased to have added another BHP mine to our growing list of iTrack users in Chile. We also operate iTrack II in BHP Spence Chile and recently added BHP South Walker Creek Australia and look forward to working more extensively with BHP in the future".

 

For further information, please visit www.transense.co.uk or contact:

 

Transense Technologies plc Graham Storey, Chief Executive	Tel: +44 1869 238 380
finnCap (Nomad and Joint Broker) Ed Frisby, Giles Rolls (Corporate Finance) Tony Quirke, Abigail Wayne (Corporate Broking)	Tel: +44 20 7220 0500

 

Beaufort Securities (Joint Broker) Elliot Hance (Corporate Broking)	Tel: +44 20 7382 8300
IFC Advisory Tim Metcalfe, Graham Herring, Heather Armstrong	Tel: +44 20 3053 8671

 

 

Notes to editors:

About iTrack II

The iTrack II Mining system provides fast, accurate, reliable real-time data on the condition of the tyres, combined with live tracking of vehicle location and status. Our 24/7 Control Room monitors the  pressures and temperatures live, and this information can, for example, be used to ensure tyres do not exceed critical heat thresholds, detect incorrect load distributions, predict suspension failures, eliminate manual tyre pressure checks and much more. All of these benefits increase health and safety as well as reducing maintenance and downtime, which maximises the hours a truck is working (On-Road Truck Working Hours), which directly correlates to an increase in production.

Existing iTrack users have reported increases in tyre life of up to 30% and fuel savings of up to 3%. Savings of this magnitude provide a rapid return on investment with the iTrack system paying for itself in a matter of months and where the rental option is chosen the system will pay for itself from day one.

www.trans-logik.com/itrack-2/

 

 

 

 

About Otraco

 

Otraco is the world's leading provider of earthmover/off-the-road tyre management services to the mining industry. Their world-class credentials are based on a proven ability to reduce the cost of earthmover tyre operation for major open-pit miners while maximising production and enhancing safety. Advanced engineering systems and innovative maintenance, analysis and reporting technologies combine to consistently reduce client tyre costs, typically by 20% or more. As an independent technical adviser and service provider to mining houses in Australia, Asia, Africa and South and North America, Otraco has established an impressive track record since its inception in 1972.

 

www.otraco.com 

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RNS Number : 5802X

Transense Technologies PLC

27 November 2017

 

 27 November 2017

Transense Technologies plc

("Transense" or the "Company")

New Translogik iTrack Contract Win with BHP in Chile

 

Transense Technologies plc, the AIM quoted company focused on patent-protected sensor systems and supporting technology, is pleased to announce that Translogik, its trading division providing tyre management solutions, has won a further contract through its Chilean partner Otraco, to supply 40 iTrack II mining tyre monitoring systems for large haul trucks at the BHP Billiton mine Cerro Colorado. Cerro Colorado are currently using 16 iTrack I units and have decided to upgrade to iTrack II and roll the system out to their entire fleet.

These systems are to be supplied on a rental and service basis via Otraco. This method allows mining companies to benefit from the productivity gains and overhead savings provided by using the system without any of the associated capital cost while providing Translogik with a recurring revenue stream.

 

Graham Storey, CEO of Transense, said: "We are very pleased to have added another BHP mine to our growing list of iTrack users in Chile. We also operate iTrack II in BHP Spence Chile and recently added BHP South Walker Creek Australia and look forward to working more extensively with BHP in the future".

 

For further information, please visit www.transense.co.uk or contact:

 

Transense Technologies plc Graham Storey, Chief Executive	Tel: +44 1869 238 380
finnCap (Nomad and Joint Broker) Ed Frisby, Giles Rolls (Corporate Finance) Tony Quirke, Abigail Wayne (Corporate Broking)	Tel: +44 20 7220 0500

 

Beaufort Securities (Joint Broker) Elliot Hance (Corporate Broking)	Tel: +44 20 7382 8300
IFC Advisory Tim Metcalfe, Graham Herring, Heather Armstrong	Tel: +44 20 3053 8671

 

 

Notes to editors:

About iTrack II

The iTrack II Mining system provides fast, accurate, reliable real-time data on the condition of the tyres, combined with live tracking of vehicle location and status. Our 24/7 Control Room monitors the  pressures and temperatures live, and this information can, for example, be used to ensure tyres do not exceed critical heat thresholds, detect incorrect load distributions, predict suspension failures, eliminate manual tyre pressure checks and much more. All of these benefits increase health and safety as well as reducing maintenance and downtime, which maximises the hours a truck is working (On-Road Truck Working Hours), which directly correlates to an increase in production.

Existing iTrack users have reported increases in tyre life of up to 30% and fuel savings of up to 3%. Savings of this magnitude provide a rapid return on investment with the iTrack system paying for itself in a matter of months and where the rental option is chosen the system will pay for itself from day one.

www.trans-logik.com/itrack-2/

 

 

 

 

About Otraco

 

Otraco is the world's leading provider of earthmover/off-the-road tyre management services to the mining industry. Their world-class credentials are based on a proven ability to reduce the cost of earthmover tyre operation for major open-pit miners while maximising production and enhancing safety. Advanced engineering systems and innovative maintenance, analysis and reporting technologies combine to consistently reduce client tyre costs, typically by 20% or more. As an independent technical adviser and service provider to mining houses in Australia, Asia, Africa and South and North America, Otraco has established an impressive track record since its inception in 1972.

 

www.otraco.com 

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RNS Number : 3869X

APC Technology Group PLC

24 November 2017

 

24th November 2017

 

APC Technology Group PLC

("APC" or the "Group")

 

APC Technology Group expands time synchronisation
product range following new partnership signing

 

APC Technology Group PLC (AIM: APC), the design, specification and distributor of specialist technologies and electronic components, has signed an agreement to become the exclusive UK and Ireland distribution partner for Oregano Systems GmbH, the Austrian manufacturer of PTP switches and network interface cards.

 

The Oregano Systems products complement APC's existing time and frequency synchronisation technologies; enabling their specialist technical team, APC Time, to provide a more complete time stamping solution for customers within high frequency trading, broadcast, telecoms, IT and power sectors.

Established in 2001, Oregano Systems is a provider of proven, ready-to-use network devices to efficiently build an IEEE1588-2008 system. Their range includes network interface cards, single chip nodes, the PTP stack and transparent clocks. All products are compatible with APC's existing Meinberg range of grandmaster clocks and time servers.

Nikolaus Keroe, General Manager of Oregano Systems commented:

 

"I am excited to be partnering with APC. Through their existing customer base and proactive approach to promoting our products I am confident they can boost our market share in the UK, in line with Oregano's successes in other countries such as USA and Germany. APC's penetration in other vertical markets such as defence, healthcare and rail transport is also attractive to us. By leveraging APC's relationships in these markets Oregano's products can be promoted into the myriad of applications that we service."

 

More information on the Oregano Systems product range from APC Time can be found on apcplc.com

 

 

 

Enquiries

 

APC Technology Group PLC                                                               +44 (0) 330 313 3220

Richard Hodgson, Chief Executive                                                       www.apcplc.com 

 

Michael Thompson, Finance Director

 

Stockdale Securities Limited (Nominated Adviser and Broker)                +44 (0)20 7601 6100

Mark Brown / Antonio Bossi / Edward Thomas

 

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RNS Number : 2857X

Osirium Technologies PLC

23 November 2017

 

 

 

For immediate release

23 November 2017

 

Osirium Technologies plc

 

("Osirium" or "Group")

 

Contract win with a leading law firm

 

Osirium Technologies plc (AIM: OSI.L), a UK headquartered cyber-security SaaS provider, is pleased to announce that a leading law firm has signed a contract for a minimum of twelve months.

 

The customer is one of the leading providers of legal and claim-handling services to the UK general insurance sector, with offices in Manchester, Cardiff, Liverpool, London, Sheffield and Southampton.

 

Under the terms of the contract, Osirium will deliver its full PxM product offering of Privileged Account Management and Privileged Session Management modules and associated consultancy services.   

 

David Guyatt, Chief Executive Officer, commented: "We are delighted to secure this new customer in the legal sector and a further 'land and expand' licensing deployment.  Under FCA guidelines, it is good practice to implement 'powerful' administrator passwords and additional controls.   They wanted their customers to be supported by robust processes and powerful IT and business intelligence services to deliver high-quality handling. Our PxM technology has enabled them to ensure these security systems are in place."

 

–      Ends –

 

 

For further information:

Osirium Technologies plc	Tel: +44 (0) 118 324 2444
David Guyatt, Chief Executive Officer Rupert Hutton, Chief Financial Officer www.osirium.com
Stifel Nicolaus Europe Limited (Nominated Adviser and Broker)	Tel: +44 (0) 20 7710 7600
Fred Walsh / Neil Shah / Ben Maddison
Yellow Jersey PR (Financial PR) Sarah Hollins	Tel: +44 (0) 7764 947137

 

 

 

 

Notes to Editors:

 

About Osirium

Osirium Technologies plc (AIM: OSI.L), is a UK headquartered cyber-security Software-as-a-Service ("SaaS") provider.  Osirium protects critical IT assets, infrastructures and devices by preventing targeted cyber-attacks from directly accessing Privileged Accounts, removing unnecessary access and powers of Privileged Account users, deterring legitimate Privileged Account users from abusing their roles and containing the effects of a breach if one does happen.

 

Osirium has defined and delivered what the Directors view as the next generation PAM (Privileged Access Management) solution.  The team has developed the concept of Virtual Air Gap to separate users from passwords, with Osirium's Privileged Task Management module further strengthening Privileged Account security and delivering impressive return on investment benefits for customers.

Founded in 2008 and with its headquarters in Reading, UK, the Group was admitted to AIM in April 2016.  For further information please visit www.osirium.com

 

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RNS Number : 0207X

EU Supply PLC

21 November 2017

 

21 November 2017

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 received its fourth contract (the "Contract") pursuant to the framework agreement entered into with an existing customer (the "Customer") for additional services to its CTMTM platform which was announced by the Company on 16 June 2017 (the "Agreement").

 

The Agreement is for 3 years with a further year at the Customer's option and has a total value of up to €3.6m. The Contract comprises customer-paid enhancements and is expected to generate revenues of approximately €675k, bringing the total value of the contracts called-off under the Agreement to date to, in aggregate, approximately €1.9m.

 

In order to free up capacity to deliver the anticipated increased growth in enhancements and integrations for existing and new customers expected in 2018, the Company will accelerate the delivery of half of the Contract in the remainder of this year. As a result, the Board expects that the Group's revenues for the year ending 31 December 2017 will slightly exceed market expectations while, due to the increased cost of delivering the Contract by using consultants, the Group's operating profit for the year ending 31 December 2017 is expected to be in line with market expectations.

 

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 esourcing, 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.

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RNS Number : 0378X

Genedrive PLC

21 November 2017

 

For release: 21 November 2017

 

 

genedrive plc ("genedrive" or the "Company")

 

genedrive plc awarded £600,000 Innovate UK  grant

 

Award to support the development of a centrifuge-free plasma separation consumable for its Genedrive® HCV assay

 

genedrive plc, the near patient molecular diagnostics company, today announces it has now been formally awarded an Innovate UK grant for the development of a disposable centrifuge-free plasma separation consumable device. In its preliminary results issued in October, genedrive confirmed it had been conditionally offered this grant. The device is planned to support the future use of genedrive's HCV ID Kit closer to a point of care setting. genedrive plc and its collaborators, NHS Tayside and the Univeristy of Dundee, will receive circa £600,000 of which genedrive will account for its £484,000 share of the funding as income, matched to costs incurred over the periods to 30 June 2018 and 2019.

 

David Budd, Chief Executive Officer of genedrive plc said: "This has the opportunity to be a very novel and impactful project and we are delighted that Innovate UK has chosen to support us.  This device will aim to improve the applicability of the Genedrive® HCV assay for closer to patient settings and would be a significant step forward in positioning the test for true decentralised diagnostics. Further, the device is anticipated to be independent from the Genedrive® platform, opening the opportunity for other diagnostic instruments that need plasma as a starting point for blood borne viral testing."

 

Genedrive® HCV ID Kit is performed on the Company's Genedrive® portable molecular diagnostics platform, designed for use at the point of need. The assay uses only a small amount of human plasma (25ul), eliminating the need for a separate RNA viral extraction process, and yields results within 90 minutes. genedrive has distribution agreements with subsidiaries of Sysmex Corporation for the distribution of the Genedrive® platform in the EMEA and Asia Pacific regions.

 

 

–  Ends  –

 

For further details please contact:

genedrive plc

David Budd: CEO                                                                                                    +44 (0)161 989 0245

Matthew Fowler: CFO

 

Peel Hunt LLP

James Steel                                                                                                              +44 (0)207 418 8900

Oliver Jackson

 

Consilium Strategic Communications

Chris Gardner                                                                                                           +44 (0)203 709 5700

Matthew Neal

Laura Thornton

[email protected] 

 

 

Notes to Editors

 

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® platform and MTB/RIF assay has been launched in India and a Genedrive® HCV test has received CE-IVD Certification and has been launched in Africa. genedrive has distribution agreements with subsidiaries of Sysmex Corporation for the distribution of the Genedrive® platform in the EMEA and Asia Pacific regions.

 

Further details can be found at: www.genedriveplc.com and www.genedrive.com 

 

About Innovate UK

Innovate UK is the UK's innovation agency. It works with people, companies and partner organisations to find and drive the science and technology innovations that will grow the UK economy.

 

For further information visit www.innovateuk.gov.uk

 

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RNS Number : 9054W

Verditek PLC

20 November 2017

 

20 November 2017

 

Verditek PLC 

("Verditek" or the "Company")

 

Renewal and Extension of Contract with Media One Following Successful Completion of Trial

 

Verditek plc, (AIM: VDTK), the clean technology company, announces that its 51% owned subsidiary, Greenflex Energy Limited ("Greenflex"), an Italian based manufacturing solar photovoltaic ("PV") technology company, has renewed and extended its contract with Media One s.r.l. ("Media One"), one of Italy's largest out of home advertising agencies, following the successful completion of the initial trial contract.

 

The initial trial contract, which was won in a competitive tender process, saw Greenflex supply and install its solar PV technology at a bus shelter in the province of Rimini, Italy, in September 2017.  Following successful completion of the trial, the Company has signed a contract with Media One to extend the supply and installation of its solar PV material to approximately 20 further bus shelters along the Rimini-Riccione bus line in Italy as this new line is completed.

 

Additionally, Media One has asked Greenflex for a proposal to develop a solution for standalone out of home advertising such as billboards which are currently not lit, enhancing the attractiveness of this communication channel for potential advertisers.  The market opportunity within Italy's out of home advertising is significant, with Media One alone operating thousands of advertising billboards across the country.

 

Verditek's solar PV technology has significant product innovations compared to competing technologies including interconnectivity of individual PV cells, lightness and its unique flexible design integrates the material into the design of the out of home advertising units offering a greater level of security and architectural integrity.

 

Verditek's CEO, Theo Chapman, said: "We are delighted to have successfully completed this initial trial contract order with Media One, which we believe has demonstrated our solar PV technology as a best in class solution for solar power generation for multiple industries.

 

"One of the main cost constraints in the rapid roll out of digital advertising boards across Italy is the high cost of connection to grid power. We have now shown that there is an effective low-cost alternative that is clean and green and, most importantly, allows the media owners to install and upgrade their units to 24/7 advertising opportunities without having to wait to be hooked up to the grid."

 

Media One Sales Director, Mr Marco Stefanelli, stated: "Our objective is to always provide the best platform for our clients – who are some of Italy's leading advertisers – to communicate with their customers. It is so important that their brands and messages appear in first class environments that are sustainable. Greenflex products allow our clients to showcase their brands using the power of the sun. That is a message that resonates with all of them.

 

"We are very pleased with Greenflex's ability to work with us to create a solution that complements our existing investments in media hardware and software and allows us to turn more of our advertising sites into 24/7 advertising solutions".

 

 

 

 

Enquiries:

 

Verditek plc    Geoffrey Nesbitt (Non-Executive Chairman) Theodore Chapman (Chief Executive Officer)	+44 (0) 20 7129 1110 [email protected]
Stockdale Securities Limited (NOMAD and Broker)
Antonio Bossi Hanan Lee	+44 (0) 20 7601 6100
Yellow Jersey PR (PR & IR)   Georgia Colkin Harriet Jackson Henry Wilkinson	+44 (0) 7825 916 715 +44 (0) 7544 275 882 +44 (0) 7951 402 336

Notes to Editors

 

Verditek plc

 

AIM listed Verditek plc is a holding company with three businesses operating within the clean technology sector. The Company has a unique liquid gas absorption technology expected to revolutionise the global CO2 capture industry; two solar manufacturing production lines in San Marino each of 25MWp (total 50MWp) producing what is believed to be an innovative and un-paralleled solar PV building material; and a pioneering filtration deodorisation technology, which is commercially proven and tackles a wide range of odours within air and water at a high efficiency.

 

For more information please visit or contact the following: https://www.verditek.plc.uk/

 

 

Media One s.r.l

 

Media One s.r.l is a leading Italian out of home advertising agency. The agency specialises in large format outdoor advertising and has numerous partnerships, including with Ferrovie dello Stato Italiane (the government-owned holding company that manages infrastructure and services on the Italian rail network), for whom it exclusively manages all advertising across thousands of stations in the country. Media One also currently manages advertising for the transport network in the Italian province of Rimini. The agency continues to grow and is expanding into other business channels including sponsorship opportunities on the facades of private and public buildings in Italy.

 

 

 

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RNS Number : 6343W

EU Supply PLC

16 November 2017

 

16 November 2017

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 the Norwegian Road Authority ("Nye Veier") has declared an intention to award a contract to the Group.

 

The contract which is for delivery of CTMTM as SaaS and related services is currently expected by the Board to generate licence revenues, paid for enhancements and integrations of up to £150k for delivery between 2018 and 2020. The largest proportion of these revenues, associated with integrations, is expected to be delivered during 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 esourcing, 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.

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