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RNS Number : 0526F

Solid State PLC

15 May 2017

 

 

RNS Reach

 

15 May 2017

 

Solid State plc

("Solid State", the "Group" or the "Company")

 

Opening of state of the art Antenna

Development, manufacturing and test facility in Leominster

 

Solid State plc (AIM: SOLI), the AIM listed supplier of specialist industrial/ruggedised computers, electronic components, advanced antenna products, communications systems and battery power solutions to the electronics market, is pleased to announce the opening of its new Steatite Antennas development, manufacturing and test facility in Leominster, Herefordshire.

 

The Antennas business unit at Steatite was created through the acquisition of Q-par Angus Limited in May 2013.  Since the acquisition, the unit has developed ever more complex antenna solutions for its global client base through technological innovation and advanced design.  To support the growth of Steatite Antennas and to enable advancements in antenna testing, the operations moved to the new site in January 2017.

 

The new facility has been purpose built to enable the design, manufacture and testing of complex systems and contains a specialist near-field RF test chamber large enough to accommodate antennas with dish dimensions up to 3 meters in diameter.

The site was opened by the current Conservative Party candidate for North Herefordshire, Bill Wiggin.

Commenting on the opening, Matthew Richards, MD of Steatite, said:

"This is a world-class facility, incorporating some of the most advanced near-field testing capabilities in the UK. It represents a significant investment by the Company into its antennas business and will enable Steatite to remain at the cutting edge of antenna design, manufacture and testing."

 

For further information please contact:

 

Solid State plc	01527 830 630
Gary Marsh – Chief Executive Peter James – Group Finance Director	investor.information@solidstateplc.com
WH Ireland (Nominated Adviser & Joint Broker)	0117 945 3470
Mike Coe / Ed Allsopp (Corporate Finance) Jasper Berry / David Kilbourn (Corporate Broking / Sales)
finnCap (Joint Broker)                    Ed Frisby/ Kate Bannatyne (Corporate Finance) Emily Morris / Rhys Williams (Corporate Broking / Sales)	020 7220 0500
Walbrook PR (Financial PR)	020 7933 8780
Tom Cooper / Paul Vann	0797 122 1972
	tom.cooper@walbrookpr.com

 

 

 

Notes to Editors:

 

Solid State plc (SOLI) is a leading value added group of companies providing specialist design-in and manufacturing services to those acquiring industrial/rugged computing products, battery power solutions, communications systems, advanced antenna products and electronic components for use in harsh environments. 

 

Serving niche markets in oil & gas production, medical, construction, security, military and field maintenance, Solid State acts as both a distributor to OEMs and bespoke manufacturer of specialist units to clients with complex requirements.

 

Headquartered in Redditch, Solid State employs over 200 staff across five sites.  Solid State operates through two main divisions: Solid State Supplies and Steatite.

 

Solid State was established in 1971 and admitted to AIM in June 1996.

This information is provided by RNS

The company news service from the London Stock Exchange

 

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Neville Registrars is delighted to welcome The Ukraine Opportunity Trust PLC as the newest addition to its list of client companies.

The principle activity of the Company is to carry on business as an investment company. 

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RNS Number : 6619E

Concepta PLC

10 May 2017

 

 

10 May 2017

Concepta plc

("Concepta" or the "Company")

Concepta signs first distributor agreement in China

Concepta Plc (AIM: CPT), the pioneering UK healthcare company and developer of a proprietary platform and suite of products targeted at the personalised mobile health market with a primary focus on women's fertility and specifically unexplained infertility, is pleased to announce that it signed a distributor agreement with Beijing ThinkBrio Medical Technology Consulting Co., Ltd (''ThinkBrio'').

The agreement covers an initial three year period, and relates exclusively to the distribution of the myLotus range of products within LiaoNing province in China. If successful Concepta intends to seek extension of the agreement with ThinkBrio to cover further Chinese territories.

The CEO of ThinkBrio, Mr Liu Wei, has an extensive background in Public Relations and was previously involved with the launch of Viagra in China. These attributes, together with the strong backing of the Beijing Maternity Hospital Group, combine medical endorsement and consumer understanding to provide women in China with innovative products to help them with unexplained infertility.

Erik Henau, CEO of Concepta says: "Mr Liu has had a lot of experience with the development of our organisation in China and, through lengthy discussions and preparations, has built up a great understanding of the need for our products and how to promote and sell them in the region. This initial agreement offers us the opportunity to evaluate our logistics chain and marketing activities. It will allow us to gather data and experience for discussions with further distributors in China down the line and will help us to fine-tune our strategy for expanding manufacturing capacity."

Liu Wei, CEO of ThinkBrio says: "The myLotus products are unique and will be a great help to many women in China. We look forward to working with Concepta to develop their presence in the Chinese infertility market. We have already conducted rigorous testing of the products prior to launch and we are now in the final stages of hospital evaluations – after which we can begin commercialisation of myLotus in China."

 

Enquiries:

 

Concepta plc

Adam Reynolds, Chairman

Tel: +44 (0) 7785 908158

 

SPARK Advisory Partners Limited (NOMAD)

Neil Baldwin / Mark Brady

Tel: +44 (0)20 368 3550

 

Beaufort Securities Limited (Broker)

Jon Belliss

Tel: +44 (0)20 7382 8300

 

Yellow Jersey PR Limited (Financial PR)

Felicity Winkles / Joe Burgess / Francesca Hillier

Tel: +44 (0) 7748 843 871

 

 

 

About Concepta Plc:

Concepta plc is a pioneering UK healthcare company that has developed a proprietary platform and products targeted at the personalised mobile health market with a primary focus on women's fertility and specifically unexplained infertility*.

 

Founded in 2013, Concepta has developed a revolutionary flagship product 'myLotus' for home self-testing that helps women with unexplained infertility to conceive.  

 

myLotus is the only consumer product which allows both quantitative and qualitative measurements of a woman's personal hCG and LH hormone levels in an easy to use home test to facilitate higher conception rates and early diagnosis of any fertility problems.  Competitor products currently only allow qualitative measurement and are based on the 'average woman'.  

 

Concepta has a defined route to market for its new 'myLotus' product with Regulatory approvals for launch in China in place for H1 2017 and CE-Marking for UK and Europe to follow later in 2017. The revenue potential of the Chinese and EU infertility market is worth c.£600m per annum for the company.

 

*Unexplained infertility refers to women that have been unable to conceive after 6 months of trying. This highly motivated target group of consumers won't typically be offered medical intervention until 12 months of unsuccessfully trying, with IVF not offered until two years. Research indicates couples start to take positive action ahead of this time and there is little medical support to help them do so.

 

About RNS Reach announcements

 

RNS Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute media only / non-regulatory news releases such as marketing messages, corporate and product information into the public domain. An RNS Regulatory announcement is required to be notified under the AIM Rules for Companies.

This information is provided by RNS

The company news service from the London Stock Exchange

 

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RNS Number : 6316E

Nasstar PLC

10 May 2017

 

Nasstar plc

("Nasstar", "Company" or "Group")

Nasstar receives '1000 Companies to Inspire Britain' Award

10th May 2017

 

Nasstar (stock code: NASA), a provider of hosted managed and cloud computing services, is pleased to announce it has been named as one of '1000 Companies to Inspire Britain' in the London Stock Exchange's 2017 report published today.

 

The Report showcases the UK's fastest-growing and most dynamic small and medium sized businesses. To be included companies need to show consistent revenue growth over a minimum of three years which significantly outperforms industry peers. The Report is endorsed and supported by government, the major political parties and the UK's major business associations, all endorsing Nasstar as one of the best performing companies in the UK, not just in its profession or industry, but across all business.

 

Nigel Redwood, Chief Executive Officer of Nasstar, said:

"It is a real honour to be named on such a prestigious list of growing SMEs by the London Stock Exchange. It's testament to the hard work and dedication of every Nasstar employee, who constantly strive to deliver the highest standard to our very loyal and supportive customers. This accolade reinforces our confidence in our acquisitive growth strategy, having acquired four businesses in the last three years. Our last acquisition, Modrus, completed our service portfolio and now enables the Group to focus on maximising and realising the benefit of bringing together all of our acquisitions."

 

For further information, please contact:-

 

Nasstar plc                                                                   +44 (0) 1952 225 000

Nigel Redwood, Chief Executive Officer               

Niki Redwood, Finance Director                          

 

finnCap Limited (Nominated Adviser & Broker)               +44 (0) 20 7220 0500

Julian Blunt, James Thompson (Corporate Finance)

Stephen Norcross (Corporate broking)

 

 

About Nasstar plc

Nasstar (www.nasstar.com) and its wholly owned operating businesses provide hosted managed and cloud computing services, integrating private and public clouds supplying a robust, secure and stable hosted Information Technology service to business customers. The Group provides a true end to end service for clients providing them with enhanced IT performance and greater cost control over their IT function. The Group owns its primary data centre, is head quartered in Telford with regional offices in Northampton, London and Bournemouth whilst 24 x 7 support is delivered from its Auckland office in New Zealand. Nasstar is an accredited Microsoft Gold Partner, is the 2016 Citrix Networking Partner of the Year and is certified to ISO 27001.

 

Nasstar specialises in building bespoke cloud hosted services to manage a client's entire application set, tailor made to suit specific industries, designing public, private and hybrid cloud solutions to meet the objectives of the client. The solution is a highly scalable service that provides benefits including "Anywhere Access" to computing; a standardised corporate solution that can be accessed globally in multiple languages; generating cost savings when compared to the traditional IT ownership model whilst replacing capital expenditure with a simple usage based payment model.

 

 

Nasstar (AIM:NASA) was founded in 1998, admitted to AIM in December 2005, acquired e-know.net Limited in a reverse takeover in January 2014, Kamanchi Limited in July 2014, VESK in October 2015 and Modrus Limited in September 2016.

 

Ends

 

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RNS Number : 5609E

TLA Worldwide PLC

09 May 2017

 

9 May 2017

 

TLA Worldwide plc

 

("TLA" or the "Group")

 

TLA appointed by World Rugby to deliver Tonga v Wales match in Auckland

 

Fixture to be part of "Pasifika Challenge" double-header played at Eden Park in June 2017

 

TLA Worldwide plc (AIM: TLA), a leading athlete representation and sports marketing business, is pleased to announce that it has been appointed by World Rugby as their partner to deliver the Tonga v Wales test match in Auckland this summer. This fixture will be part of a showcase for Pacific Island rugby titled the "Pasifika Challenge" and features in a double-header along with a test match between the New Zealand All Blacks and Samoa.

  

The Pasifika Challenge will be held at Eden Park in Auckland, kicking off at 5.30pm (local time) on Friday 16 June 2017. The Tonga v Wales test match is the first game of the double-header, which will be broadcast live in New Zealand and around the world. 

 

TLA created the Pasifika Challenge double-header in conjunction with New Zealand Rugby ("NZR") after it was appointed by World Rugby to organise the match at a venue in Auckland. TLA was able to arrange for the match to feature in conjunction with the All Blacks v Samoa contest, and present an evening of Pacific Island rugby.  

 

NZR Chief Strategy and Operations Officer, Nigel Cass, said: "The Pasifika Challenge promises to be a great night for Pacific rugby and the Pacific community in New Zealand. Auckland is home to the largest Pacific Island population in the world.  To have Samoa and Tonga playing test matches back to back in an unprecedented double-header will be both special and unique."

 

Bart Campbell, TLA Chairman, said: "TLA is pleased to work with World Rugby to assist with the Tonga v Wales match.  Together with the NZR we have been able to combine the two planned separate games into one great event. The double-header will showcase some of the best Pacific Island rugby talent in a great night for the rugby community in New Zealand and in the Pacific, all on the eve of the exciting 2017 Lions test series."

 

Enquiries:

 

TLA Worldwide
Bart Campbell, Executive Chairman Michael Principe, Chief Executive Officer	+1 212 645 2141
Numis Securities
Nick Westlake and Oliver Hardy (Nomad)	+44 20 7260 1000
Christopher Wilkinson (Broker)
Luther Pendragon
Harry Chathli, Alexis Gore	+44 20 7618 9100

 

About TLA Worldwide

 

 

TLA Worldwide is a leading athlete representation, event management and sports marketing group quoted on AIM-LSE in London. The Group derives revenues from long-term agency relationships with many prominent U.S. and international sports stars, broadcasters and media personalities associated with major sports including the MLB, NFL, NBA, PGA TOUR, AFL, Olympians and Cricketers. In addition, it also provides a range of services in respect of media consultancy, sports sponsorship and event creation, operation and ownership. TLA Worldwide serves its clients from 10 locations worldwide including its offices in London, UK; New York, Newport Beach, San Francisco and Houston, USA; Melbourne, Perth, Adelaide and Sydney, Australia. For more information, please visit www.tlaworldwide.com.

 

This information is provided by RNS

The company news service from the London Stock Exchange

 

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RNS Number : 3974E

TLA Worldwide PLC

08 May 2017

 

8 May 2017

 

TLA Worldwide plc

 

("TLA" or the "Group")

 

TLA appointed by New Zealand Rugby for 125th Anniversary Match

 

World Champions, the All Blacks, will play the Barbarians at Twickenham to celebrate 125th anniversary of New Zealand Rugby

 

TLA Worldwide plc (AIM: TLA), a leading athlete representation and sports marketing business, is pleased to announce that it has been appointed by New Zealand Rugby ("NZR") as their partner to manage and deliver their 125th anniversary match in November this year.

 

The match will see current World Champions, the All Blacks, celebrate the 125th anniversary of NZR with a special commemorative game against the Barbarians at Twickenham on Saturday the 4th of November, for the opening game of their 2017 end-of-year Northern Tour.  It will be the first time the All Blacks have returned to Twickenham since winning the Rugby World Cup in 2015.

 

As the event agency, TLA's role will be to organise and deliver all aspects of the match, and it is a continuation of a strong working relationship between the two organisations.  Previous matches organised by TLA in partnership with New Zealand Rugby include the two sell out All Blacks matches in Chicago, against the USA in 2014 and Ireland in 2016.

 

The game will mark the 11th time that the Barbarians and the All Blacks have played in their history.  The All Blacks have won seven of the previous outings, with the Barbarians winning on two occasions and one draw. The All Blacks last played the Barbarians in 2009 and will be looking to avenge a 25-18 loss in a match that saw South African Bryan Habana score a hat-trick of tries.

 

Steve Tew, CEO of NZR, said: "We are delighted to announce the match against the Barbarians. Like the All Blacks, the Barbarians are part of rugby's rich history and the match later this year is a befitting way to mark our 125th anniversary. Playing the Barbarians is always a special occasion and we think our shared history make this game the most appropriate way to mark our milestone."

 

Barbarians President Micky Steele-Bodger said: "We're thrilled to be renewing one of rugby's great rivalries at Twickenham on November 4 and we believe it will be another classic encounter between two famous teams. The Barbarians expect to bring together some of the world's greatest players to take on the All Blacks and to play with the style and attacking flair that the club's traditions demand."

 

Bart Campbell, TLA Chairman, said: "We look forward to working with the All Blacks again for what will be a showpiece event at Twickenham. A game between the World Champions and the Barbarians will highlight the best rugby has to offer. This match demonstrates our excellent relationship with New Zealand Rugby, whom we are delighted to partner with for this anniversary match, which is another endorsement in our ability to deliver quality sporting events." 

 

 

 

Enquiries:

 

TLA Worldwide
Bart Campbell, Executive Chairman Michael Principe, Chief Executive Officer	+1 212 645 2141
Numis Securities
Nick Westlake and Oliver Hardy (Nomad)	+44 20 7260 1000
Christopher Wilkinson (Broker)
Luther Pendragon
Harry Chathli, Alexis Gore	+44 20 7618 9100

 

About TLA Worldwide

 

 

TLA Worldwide is a leading athlete representation, event management and sports marketing group quoted on AIM-LSE in London. The Group derives revenues from long-term agency relationships with many prominent U.S. and international sports stars, broadcasters and media personalities associated with major sports including the MLB, NFL, NBA, PGA TOUR, AFL, Olympians and Cricketers. In addition, it also provides a range of services in respect of media consultancy, sports sponsorship and event creation, operation and ownership. TLA Worldwide serves its clients from 10 locations worldwide including its offices in London, UK; New York, Newport Beach, San Francisco and Houston, USA; Melbourne, Perth, Adelaide and Sydney, Australia. For more information, please visit www.tlaworldwide.com.

 

This information is provided by RNS

The company news service from the London Stock Exchange

 

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RNS Number : 0058E

Pennant International Group PLC

03 May 2017

 

                                                                                                           

 

3 May 2017

 

Pennant International Group plc

£2 million Contract Extension confirmed by Lockheed Martin Corporation

 

Lockheed Martin (UK) Limited exercises options on training contract for aircrew and engineering staff first announced in H1 2016

Pennant International Group plc ("Pennant"), the AIM quoted supplier of integrated logistic support solutions, products and services, principally to the defence, rail, aerospace and naval sectors and to Government Departments, is pleased to confirm that its wholly owned subsidiary, Pennant Training Systems Limited, has been notified that Lockheed Martin (UK) Limited, the UK subsidiary of the Lockheed Martin Corporation ("LMC"), one of the world's leading aerospace and defence contractors, has exercised its option to increase the value of the contract announced on 16 June 2016, from its initial value of £0.2m to in excess of £2.2m.  This extension is scheduled for delivery across 2017 and 2018 and is supportive of current expectations.

Commenting, Pennant CEO Phil Walker, said: "This anticipated extension to the existing LMC contract helps to underpin current market revenue forecasts and will also make a valuable contribution to 2018 revenues.

"It also represents very important additional business from one of the world's leading aerospace and defence contractors and is positive proof of the skills, expertise and international reputation Pennant continues to enjoy. We look forward to further developing the relationship and to delivering another world-class training solution".

 

Enquiries:

Pennant International Group plc	www.pennantplc.co.uk
Philip Walker, CEO	+44 (0) 1452 714 881
WH Ireland Limited	www.whirelandplc.com
Mike Coe / Ed Allsopp	+44 (0) 117 945 3470
Walbrook PR (Financial PR)	paul.vann@walbrookpr.com
Paul Vann / Tom Cooper	+44 (0)20 7933 8780

 

This information is provided by RNS

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RNS Number : 8987D

Trakm8 Holdings PLC

03 May 2017

 

TRAKM8 HOLDINGS PLC

 

("Trakm8" or the "Group")

 

Direct Line Group Awards Trakm8 Telematics Contract Extension

 

 

Trakm8, the AIM-listed telematics and data insight provider, is pleased to announce it has been awarded a contract extension by Direct Line Group, the UK's leading motor vehicle insurance company.

 

The contract extension covers the provision of T10 hardware and data services supplied to Direct Line that was first announced by Trakm8 in January 2014. The new extension will extend the contract until April 2020.

 

Trakm8 have over 110,000 devices reporting in insurance applications built from a zero base three years ago and Direct Line are a significant part of this.

 

John Watkins, Executive Chairman of Trakm8 commented: 

"We have been working with Direct Line for 3 years providing insurance telematics solutions. We were the first company to offer a plug in self fit device in volume in the UK and the success of the product has resulted in this contract being extended for a further 3 years. We are delighted to continue this relationship as the demand increases. This contract provides additional visibility for our expectations for the financial year and beyond."

 

Dan Freedman, Director of Motor Insurance commented:

"We have been pleased to extend the contract with Trakm8 for a further 3 years. We expect to continue to deploy market leading telematics solutions in conjunction with them and the Floow, as Apps and data analytics provider."

 

 

For further information please contact:

 

Trakm8 Holdings plc	+44 (0) 174 785 8444
John Watkins, Executive Chairman
James Hedges, Finance Director
finnCap (Nomad and broker)	+44 (0) 20 7220 0500
Ed Frisby / Simon Hicks – corporate finance
Tim Redfern / Richard Chambers – corporate broking
MHP Communications	+44 (0) 20 3128 8100
Reg Hoare
Charlie Barker

 

 

 

About Trakm8

Trakm8 is a UK based Big Data company utilising telematics as its primary enabler. Through IP owned technology, over three billion miles worth of data is collected annually through its fleet management solutions to create and fine tune algorithms used to score driver behaviour, monitor vehicle health and continuously improve the security and operational efficiencies of customers' vehicles.

 

With its headquarters in Dorset and a manufacturing facility in the West Midlands, the Group supplies a number of well-known customers in the fleet management and insurance sectors across the UK and further afield including customers such as the AA, Saint Gobain, EON, Direct Line Group and Young Marmalade.

 

The Group's portfolio offers complete telematics solutions including dashboard cameras that enable customers to record driving incidents and mitigate the risk from "crash to cash" accidents. This is complemented through a comprehensive hardware range, which includes a self-install unit that is one of the smallest available on the global market.

 

The Group acquired both Route Monkey and Roadsense Technologies Ltd. Route Monkey has enhanced Trakm8's logistics solution offering route scheduling and optimisation, including routing for electric vehicles. Roadsense has been acquired to strengthen the Group's presence in the SME fleet management market.

 

Trakm8 has been listed on the AIM market of the London Stock Exchange since 2005.

 

www.trakm8.com / @Trakm8

 

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

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RNS Number : 9744D

N4 Pharma PLC

03 May 2017

 

3 May 2017

N4 Pharma Plc

("N4 Pharma" or the "Company")

Admission and First Day of Dealings

N4 Pharma Plc (AIM: N4P), a specialist pharmaceutical company which reformulates existing drugs and vaccines to improve their performance, is pleased to announce the readmission today of the Company's ordinary shares to trading on AIM and the commencement of dealings in the New Ordinary Shares under the ticker N4P ("Admission").

Summary:

·     Change of name to N4 Pharma Plc (formerly Onzima Ventures Plc) effective

·     £1.5 million (gross) raised by way of a placing of 21,428,571 New Ordinary Shares at 7p per share

·     The number of Ordinary Shares in issue immediately after Admission will be 71,714,258 giving the Company a market capitalisation of £5 million at the placing price of 7p per ordinary share

·     The net proceeds of the placing will be used to fund development of additional patent applications for reformulations of a wide range of generic drugs, to undertake clinical trials for N4 Pharma's reformulation of sildenafil, commonly known as Viagra, and for working capital purposes  

Defined terms used in this announcement shall have the same meaning as in the Company's admission document published on 13 April 2017, copies of which are available at: www.n4pharma.com

Nigel Theobald, CEO of N4 Pharma, commented: "I am delighted that the acquisition has been completed after what has been a difficult few months for Onzima's shareholders. Today's listing on AIM marks an important milestone in the continued growth of N4 Pharma and I am determined to reward the patience of existing shareholders and look forward to rewarding those new shareholders who have joined us as part of the Admission.

"Reformulating drugs that are either off patent or coming off patent enables us to improve the experience for their end users in a number of potential ways, but in so doing ensuring we have patent protection around these new versions of the products. Our immediate focus is on the reformulation of sildenafil, commonly known as Viagra, for the treatment of erectile dysfunction, a market which had global annual sales in 2016 of approximately $4.6 billion* and more will follow in the coming months. 

"The Board has extensive experience in this field, both from a pharmaceutical and commercial point of view and, in Opal IP, we have the ideal partner for our patent work.

"Our vaccine delivery system continues to be encouraging and we will demonstrate its point of difference with a view to 'launching' it to the vaccine community later this year."

*source: Evaluate Pharma

 

Enquiries:

N4 Pharma CEO, Nigel Theobald	Via Alma PR
Stockdale Securities Tom Griffiths	Tel: +44(0)207 601 6100
Beaufort Securities Elliot Hance	Tel: +44(0)207 382 8300
Alma PR Josh Royston Robyn Fisher	Tel: +44(0)778 090 1979 Tel: +44(0)754 070 6191

 

About N4 Pharma

N4 Pharma was formed in 2014 by Nigel Theobald, the former Chief Executive of AIM quoted Oxford Pharmascience Group plc. It is a specialist pharmaceutical company which reformulates existing drugs and vaccines to improve their performance.

N4 Pharma's reformulation work falls under two divisions:

• generic, already commercialised, drugs; and

• delivery of novel and existing vaccines.

N4 Pharma has identified a number of established drugs that could be improved upon through its reformulation techniques. N4 Pharma's most advanced reformulation is for sildenafil, widely marketed as Viagra, where N4 Pharma is seeking to improve the speed at which the drug takes effect whilst also extending its duration of action.

N4 Pharma's reformulation approach should take approximately three years to obtain regulatory approval as opposed to the traditional process for new drugs of on average ten years. The cost and risk profile of this model is also significantly less than the traditional process. N4 Pharma's business model is to take reformulated drugs from its portfolio through to the stage where it will license its newly reformulated drugs to pharmaceutical companies to commercialise them. N4 Pharma's revenues should be derived from up front milestone and royalty payments associated with the licence.

This information is provided by RNS

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RNS Number : 7516D

EU Supply PLC

02 May 2017

 

2 May 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 entered into a contract with Sogn & Fjordane County Council and participating municipalities (the "Customer") in Norway for up to 28 local and regional authorities and other public sector bodies to use EU Supply's CTMTM platform.

 

The Customer represents a regional collaboration which involves a number of local and regional authorities using the CTMTM platform on a similar basis to that set out in the Company's contract win for another regional collaboration in Norway announced on 19 January 2017.

 

The contract is expected to generate total revenues of up to £250k over 8 years, including licences and support, implementations and integrations.

 

 

               

 

FURTHER ENQUIRIES

EU Supply PLC Tel: 020 7127 4545 Thomas Beergrehn, CEO   Mattias Ström, CFO       Stockdale Securities Tel: 020 7601 6100 Tom Griffiths, David Coaten

 

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 7,000 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.

This information is provided by RNS

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