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RNS Number : 2558N

Solid State PLC

07 May 2024

 

 

Reach – Non-Regulatory Announcement

 

Solid State plc

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

 International $5.1m IOT contract award from new US franchise line

 

Solid State plc (AIM: SOLI), the specialist value added component supplier and design-in manufacturer of computing, power, and communications products, is pleased to announce a $5.1m (£4.05m) order for an IOT technology solution to a US customer from a new franchise line supplied by Solsta, its Components division.

The contract combines hardware and software applications in a value-added industrial application, leveraging off the international capabilities of the Group by exporting its UK expertise into the US market.

The customer solution, creates smart vending machines by enabling smart billing and intelligent inventory control and management through the combination of an industrial router and cloud based services.  The success of this contract demonstrates the Group strategy of broadening its complementary technology set and internationalising the Group.

Delivery of the contract is expected to commence in Q2 calendar 2024 and be completed by middle of calendar year 2025.

Solsta is additionally expecting to work with the client to develop a Gen 2 5G router based successor to the current technology.

Commenting on the contract award, Jon Baxter, Executive Director Sales & Operations EMEA at Solsta, the Group's Components division, said:

"The recent restructuring of the Pacer business in the USA has enabled this significant development in the Components division.   

"This solution brings together both access to hardware and engineering 'know how' to create a product which matches the needs of our client exactly."

 

Investor Site Visits to Head Office in Redditch

Solid State holds site visits to its head office in Redditch where operations from both the Systems and Components divisions can be seen.  Interested investors should contactsolidstate@walbrookpr.com.

 

For further information please contact:

Solid State plc Gary Marsh – Chief Executive Peter James – Group Finance Director	Via Walbrook
Cavendish Capital Markets Limited(Nominated Adviser & Broker) Adrian Hadden / Callum Davidson (Corporate Finance) Tim Redfern / Jasper Berry (Sales)	0207 397 8900
Walbrook PR (Financial PR)                Tom Cooper / Nick Rome / Joe Walker	020 7933 8780 0797 122 1972 solidstate@walbrookpr.com

 

Analyst Research Reports:For further analyst information and research see the Solid State plc website:https://solidstateplc.com/research/

 

Notes to Editors:

Solid State plc (SOLI) is a value added electronics group supplying commercial, industrial and defence markets with durable components, assemblies, manufactured units and power units for use in specialist and harsh environments.  The Group's mantra is – 'Trusted technology for demanding environments'.  To see an introductory video on the Group – https://bit.ly/3kzddx7 

Operating through two main divisions: Systems (Steatite, Active Silicon & Custom Power) and Components (Solsta & Pacer); the Group specialises in complex engineering challenges often requiring design-in support and component sourcing for computing, power, communications, electronic, electro-mechanical and opto-electronic products.

Headquartered in Redditch, UK, Solid State employs approximately 400 staff across the UK and US, serving specialist markets with high barriers to entry in industrial, defence and security, transportation, medical and energy. 

Solid State was established in 1971 and admitted to AIM in June 1996.  The Group has grown organically and by acquisition – having made three acquisitions in the last four years.

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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Neville Registrars are delighted to welcome Lightpoint Medical Ltd as the newest addition to its list of client companies.

Lightpoint are working at the intersection of surgery, AI, and the revolution in nuclear imaging. Their technologies help surgeons to detect cancer accurately in real time, advancing surgical precision, improving patient outcomes, and reducing costs for healthcare systems. 

Further information can be found on the Company’s website: https://lightpointmedical.com/ 

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RNS Number : 3071M

Smarttech247 Group PLC

29 April 2024

 

 

29 April2024

Smarttech247 Group PLC

("Smarttech247", the "Group" or the "Company")

Smarttech247 Signs Three-Year Deal Worth USD $2.1 million

 

Smarttech247 (AIM: S247), a multi-award-winning provider of AI-enhanced cybersecurity services providing automated managed detection and response for a portfolio of international clients, is pleased to announce that it has signed a new additional contract with an existing pharmaceuticals solutions client worth USD $2.1 million over three years.

 

The contract will utilise Smarttech247's partnership agreement with Splunk Inc., which brings together  Smarttech247's automation-driven and human-led VisionX managed detection and response (MDR) capabilities and Splunk's powerful security information and event management (SIEM) technology solutions. This collaboration creates an enhanced platform that addresses the evolving needs of a complex and evolving threat landscape.

 

Raluca Saceanu, CEO of Smarttech247, commented:

 

"A key pillar of our growth journey is our strategic tech alliances with leading security players that allow us to expand our portfolio internationally, as well as enhance our current solutions. Through our collaboration with Splunk, we can deliver a service that combines our MDR solutions with advanced SIEM technology, empowering our clientele to pinpoint threats with precision whilst optimising their security efficiency.

 

"As part of this strategy, we are thrilled to announce this most recent contract win with a pre-existing client, a large, pharmaceuticals solutions organisation. This milestone underscores the confidence in Smarttech247 and Splunk's combined capabilities and our dedication to delivering leading cybersecurity solutions."

 

For further information please contact:

 

Smarttech247 Group PLC	Tel: +353 21 206 6033
Ronan Murphy, Executive Chairman Raluca Saceanu, Chief Executive Officer Nicholas Lee, Finance Director
SPARK Advisory Partners Limited – Nominated Adviser	Tel: + 44 (0) 20 3368 3550
Mark Brady / Adam Dawes
Shard Capital – Joint Broker	Tel: +44 (0) 20 7186 9900
Damon Heath
Fortified Securities – Joint Broker	Tel: +44 7493 989014
Guy Wheatley, CFA
Yellow Jersey PR Sarah Hollins / Annabelle Wills / Bessie Elliot	Tel: +44 (0) 20 3004 9512

About Smarttech247:

Smarttech247 is a multi-award-winning automated MDR (Managed Detection & Response) company. Its platform is trusted by international organisations and provides threat intelligence with managed detection and response to provide actionable insights, 24/7 threat detection, investigation and response. 

 

The Group's services are geared towards proactive prevention and it achieves this by utilising the latest in cloud, big data analytics and machine learning, along with an experienced incident response team. In recognition of its innovative technology, Smarttech247 was named by Chambers Ireland InBusiness Recognition Awards as Cyber Security Company of the Year 2023.

 

Smarttech247's offices are located in Ireland, United Kingdom, Romania, Poland and the USA. The Company was admitted to trading on AIM on 15 December 2022.

 

For further information please visit www.smarttech247.com.

 

About Splunk Inc.

Splunk Inc. (NASDAQ: SPLK), the cybersecurity and observability leader, helps build a safer and more resilient digital world. Organisations trust Splunk to prevent security, infrastructure and application issues from becoming major incidents, absorb shocks from digital disruptions, and accelerate digital transformation.

 

For further information, please visit: www.splunk.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 rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

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RNS Number : 9284L

Smarttech247 Group PLC

25 April 2024

 

 

Reach Announcement

25 April2024

Smarttech247 Group PLC

("Smarttech247", the "Group" or the "Company")

Smarttech247 Signs New Three-Year Contract with Prominent Financial Organisation

 

Smarttech247 (AIM: S247), a multi-award-winning provider of AI-enhanced cybersecurity services providing automated managed detection and response for a portfolio of international clients, is pleased to announce that it has signed a new contract with a large banking and insurance organisation, worth€720,000 over three years.

 

The contract encompasses both Smarttech247's VisionX Managed Detection and Response (MDR) capability as well as its customised governance, risk, and compliance (GRC) services. Smarttech247 will offer its client round-the-clock monitoring and rapid incident response, information security and risk capabilities, as well as data loss prevention (DLP) solutions to ensure regulatory compliance and protection against imminent cyber threats.

 

Raluca Saceanu, CEO of Smarttech247, commented:

 

"We are delighted to announce our most recent contract win with a prominent financial organisation. At Smarttech247, we aim to be a partner to our clients, rather than just a supplier, and as part of this strategy, we are dedicated to ensuring our clients receive high-quality, flexible security services.

 

"We are committed to providing leading MDR, DLP and GRC services, and we look forward to working closely with our new client to help protect it from complex cyber threats."

 

For further information please contact:

 

Smarttech247 Group PLC	Tel: +353 21 206 6033
Ronan Murphy, Executive Chairman Raluca Saceanu, Chief Executive Officer Nicholas Lee, Finance Director
SPARK Advisory Partners Limited – Nominated Adviser	Tel: + 44 (0) 20 3368 3550
Mark Brady / Adam Dawes
Shard Capital – Joint Broker	Tel: +44 (0) 20 7186 9900
Damon Heath
Fortified Securities – Joint Broker	Tel: +44 7493 989014
Guy Wheatley, CFA
Yellow Jersey PR Sarah Hollins / Annabelle Wills / Bessie Elliot	Tel: +44 (0) 20 3004 9512

About Reach announcements

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.

About Smarttech247:

Smarttech247 is a multi-award-winning automated MDR (Managed Detection & Response) company. Its platform is trusted by international organisations and provides threat intelligence with managed detection and response to provide actionable insights, 24/7 threat detection, investigation and response. 

 

The Group's services are geared towards proactive prevention and it achieves this by utilising the latest in cloud, big data analytics and machine learning, along with an experienced incident response team. In recognition of its innovative technology, Smarttech247 was named by Chambers Ireland InBusiness Recognition Awards as Cyber Security Company of the Year 2023.

 

Smarttech247's offices are located in Ireland, United Kingdom, Romania, Poland and the USA. The Company was admitted to trading on AIM on 15 December 2022.

 

For further information please visit www.smarttech247.com.

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

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RNS Number : 7452L

SpaceandPeople PLC

24 April 2024

 

SpaceandPeople plc

("SpaceandPeople" or the "Group")

POP Retail GmbH – ECE Contract Renewal

SpaceandPeople plc (AIM:SAL) is delighted to announce that its German subsidiary company, POP Retail GmbH ("POP Retail") has again renewed its agreement with GB Service GmbH ("ECE") for the provision of retail kiosks in ECE managed shopping centres in Germany (the "Agreement").

The Agreement has been renewed for an extended five year period until April 2029 and provides additional flexibility and opportunity for both SpaceandPeople and ECE to roll out and operate the retail kiosk business in a cost effective manner.

Nancy Cullen, CEO of SpaceandPeople said: "I would like to congratulate everyone who has been involved in the development of our German business. We are, of course, absolutely delighted to be renewing our contract with ECE. The duration of the contract, combined with the additional flexibility granted, will enable us to provide a great service to ECE across their portfolio and to develop pop up retail further in this prestigious portfolio."

Ulf Schweppe, Head of Department Specialty Leasing of ECE said: "We are very pleased to be extending our relationship with POP Retail for another five years. This new agreement will allow us to offer new and established RMU concepts retailing throughout our portfolio of shopping centres in Germany."

 

For further information, please contact:

 

SpaceandPeople plc                                                            0845 241 8215

Nancy Cullen, Gregor Dunlay

 

Zeus (Nominated Adviser and Broker)                             0203 829 5000

David Foreman, Ed Beddows

 

 

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 rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

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RNS Number : 5607L

itim Group PLC

23 April 2024

 

23 April 2024

 

itim Group plc

 

("itim" or "the Company" and together with its subsidiaries "the Group")

 

Contract Win with The Entertainer

 

itim Group plc, a SaaS based technology company that enables store-based retailers to optimise their businesses to improve financial performance, is pleased to announce that it has signed an additional professional services contract with toy retailer The Entertainer.

 

This significant services contract follows the recent announcement that The Entertainer Toy Shops will be opening in over 800 Tesco stores across the UK and Ireland, extending their partnership following a successful year long trial. The partnership will also see Tesco enter a supplier agreement with The Entertainer for the supermarket's stores across Central Europe. The Entertainer has signed this contract with itim to extend its use of itim's Unify Platform offering to power the new partnership with Tesco's.

 

itim's Unify platform known previously as The Retail Suite provides its customers with a full omni-channel offering which allows retailers to drive sales and profitability by adopting the principles of Unified Retailing.

 

The execution of this contract is in line with the Company's financial expectations for the current financial year.

 

Ali Athar, Chief Executive Officer, commented:

"We are delighted to have been selected by The Entertainer to help power this exciting new partnership with Tesco. This is a significant endorsement of itim's product set and we look forward to working with The Entertainer in making the project a great success."

 

Enquiries:

 

Itim Group plc	Ali Athar, CEO Ian Hayes CFO	0207 598 7700
WH Ireland (NOMAD & Broker)	Katy Mitchell Harry Ansell Darshan Patel	0207 220 1666
IFC Advisory	Graham Herring Florence Chandler	0207 3934 6630

 

This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

 

 

ABOUT ITIM

itim was established in 1993 by its founder, and current Chief Executive Officer, Ali Athar. itim was initially formed as a consulting business, helping retailers effect operational improvement. From 1999 the Company began to expand into the provision of proprietary software solutions and by 2004 the Company was focused exclusively on digital technology. itim has grown both organically and through a series of acquisitions of small, legacy retail software systems and associated applications which itim has redeveloped to create a fully integrated end to end Omni-channel platform.

 

 

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 rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

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RNS Number : 0422J

Croma Security Solutions Group PLC

03 April 2024

 

REACH NON-REGULATORY

3 April 2024

Croma Security Solutions Group Plc

                                                     ("CSSG", "Croma", "the "Company" or the "Group")

NHS Contract Win

Croma Security Solutions Group plc (AIM:CSSG) is pleased to announce the award of a new NHS Trust contract worth approximately £0.4 million to be completed in the current financial year, ending 30 June 2024.

The contract which relates to the installation of new security systems across the hospital, is part of a growing relationship with this NHS Trust. Croma already operates a number of other existing smaller security projects with the Trust, and believes there is potential for further projects.

This contract follows the announcement from 29 January 2024, of the Company being re-awarded a three-year maintenance contract by a separate NHS Trust to cover the security needs of their hospitals. Croma now service several NHS Trust's and healthcare providers and this win reflects Croma's reputation in the healthcare sector for its professional approach and consistently high service levels.

Roberto Fiorentino, Chief Executive Officer, commented:"The business is performing to plan and this recent contract win is part of our growing presence in the healthcare sector. We have focused on delivering transparency and reliability, a combination that is proving attractive to the management teams of NHS Trusts."

 

 

For further information visit www.cssgplc.com or contact:

 

Croma Security Solutions Group Plc                                                       Tel: +44 44 (0)1489 566 166

Roberto Fiorentino, CEO

Teo Andreeva, CFO

 

 

Novella                                                                                                           Tel: +44 (0)203 151 7008

Tim Robertson

Claire de Groot

Safia Colebrook

 

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

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RNS Number : 0366J

Genedrive PLC

03 April 2024

 

genedrive plc

("genedrive" or the "Company")

 

NICE recommends the Genedrive® CYP2C19-ID Kit

Genedrive® CYP2C19-ID test for genotype-guided clopidogrel treatment in the NHS

chosen as the preferred platform for UK point-of-care genotype testing

 

genedrive plc (AIM: GDR), the point of care pharmacogenetic testing company, announces that the UK's National Institute for Health and Care Excellence ("NICE") has recommended in draft guidance that the Genedrive® CYP2C19-ID test should be used as the point-of-care ("POC") test of choice before clopidogrel administration in the management of Ischemic Stroke ("IS") and Transient Ischaemic Attack ("TIA") patients. 

 

Clopidogrel is an antiplatelet drug used after IS or TIA to reduce the risk of blood clots that can cause further strokes. Clopidogrel is metabolised into its active form by an enzyme encoded by the CYP2C19 gene which in some people has variations that reduce the enzyme's function which means that clopidogrel does not work as well in these people.

 

The Genedrive® CYP2C19-ID point of care genetic test uses a single, non-invasive cheek swab sample, and rapidly identifies six important genetic variants of the CYP2C19 gene, which are instrumental in the loss of metabolism function. The Genedrive® System automatically interprets the information for the clinician, allowing prompt administration of an optimised treatment plan.

 

According to the World Stroke Organization, there are over 77 million people globally who currently have experienced ischaemic stroke and it is estimated by the Stroke Association that there are 100,000 strokes in the UK each year.  Suboptimal response to antiplatelet treatment following stroke is common, affecting about 20%-30% of patients in the general UK population, which increases to about 50%-60% in certain ethnic groups.

 

NICE recommended in the May 2023 draft guidance that people who have just had an IS or TIA should have a CYP2C19 genetic test prior to antiplatelet treatment. Following a public consultation of this draft guidance, which ends on 26 April 2024, final recommendations are expected to be published by NICE on 10 July 2024.The public consultation documents and summary review of NICE's information can be found at:   

https://www.nice.org.uk/guidance/indevelopment/gid-dg10054/documents

 

The specialist NICE diagnostics assessment committee systematically reviewed the clinical and economic impact of genetic testing, including both laboratory-based and POC tests, concluding that it would be beneficial for people with loss-of-function CYP2C19 alleles to receive alternative antiplatelet treatment to clopidogrel and CYP2C19 genotype testing is also cost effective compared with not testing regardless of which alternative antiplatelet therapy people have.

 

In addition to being dominant in cost effectiveness models, NICE recommends the Genedrive® as the point-of-care platform of choice for CYP2C19 genotyping strategies in the NHS.  The decision was based on several differentiating features of the Genedrive® technology; (1) its greater coverage of genetic variants compared to the other point-of-care system assessed, permitting increased equitable access to healthcare across ethnic populations, (2) no requirement for cold-chain storage logistics, (3) its ability to integrate with patient electronic healthcare systems.

 

As previously communicated, the Company's ongoing valued long-standing partnership with clinical genetics collaborators in Manchester under the DEVOTE programme will supplement our existing clinical performance data used for UKCA certification and lead to anticipated CE-IVD certification and commercialisation within the European Union, and those additional countries that recognise CE-IVD, in early 2025.  Following the completion of the DEVOTE clinical performance, together with final NICE recommendation due on 10 July 2024, the Company would intend to actively pursue commercialisation in the UK.

 

James Cheek, CEO of genedrive plc, said:"We are delighted to receive this recommendation from NICE for our CYP2C19 point of care pharmacogenetic test. The NHS has done significant work on both strokes and mini strokes, with campaigns for FAST (Face, Arms, Speech, Time) and promoting changing lifestyles to prevent a stroke. This guidance is just the next step in stroke management, ensuring that if you have a stroke, specifically related to a disruption of the blood flow, that the medicine given has a positive effect. Clopidogrel is the NICE recommended front line treatment for these types of strokes. However, if you are one of the estimated 20%-30% who are unable to metabolise Clopidogrel effectively you have the opportunity to be identified quickly and given an alternative medication. We are delighted to be part of this change which is in line with our strategy to deliver point-of-care pharmacogenetic testing to positively impact patient outcomes. With MT-RNR1 getting a NICE EVA conditional recommendation last year, further funding applied for to achieve a full recommendation this year, a strategy in place to achieve Food and Drug Administration ("FDA") approval and sales being realised from new customers in 2024 we feel there is growing momentum within the Group's POC  pharmacogenetic testing strategy."

 

Professor Bill Newman, Clinical Head of Division and Senior Lecturer in Clinical Genetics at Manchester University NHS Foundation Trust, said:"The DEVOTE Programme funded by Innovate UK has brought together academic, industry and clinical partners from across Manchester to deliver novel genomic diagnostics to make medicine prescription safer and more effective for patients. We have been delighted to work with genedrive to develop their point of care test which will ensure that rapid results are available to reduce the risk of patients having further strokes."

 

For further details please contact:

 

genedrive plc	+44 (0)161 989 0245
James Cheek: CEO / Russ Shaw: CFO
Peel Hunt LLP (Nominated Adviser and Broker)	+44 (0)20 7418 8900
James Steel / Patrick Birkholm
Walbrook PR Ltd (Media & Investor Relations)	+44 (0)20 7933 8780 orgenedrive@walbrookpr.com
Anna Dunphy	+44 (0)7876 741 001

 

 

About genedrive plc(http://www.genedriveplc.com). genedrive plc is a pharmacogenetic testing company developing and commercialising a low cost, rapid, versatile, simple to use and robust point of need pharmacogenetic platform for the diagnosis of genetic variations. This helps clinicians to quickly access key genetic information that will help them make the right choices over the right medicine or dosage to use for an effective treatment. Based in the UK, the Company is at the forefront of work on Point of Care pharmacogenetics. Pharmacogenetics looks at how your genetics impacts a medicines ability to work for you. Therefore, by using pharmacogenetics, medicines can be made safer and more effective. The Company has launched its flagship product, the Genedrive® MT-RNR1 ID Kit, which is a single-use disposable cartridge that circumvents the requirement for cold chain logistics by providing temperature stable reagent test kits for use on their proprietary test platform. This test allows clinicians to make a decision on antibiotic use within 26 minutes; ensuring vital care is delivered with no negative impact on the patient pathway.

 

The Company has a clear commercial strategy focused on accelerating growth through maximising in-market sales, geographic and portfolio expansion and strategic M&A, and operates out of its facilities in Manchester.

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 rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

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RNS Number : 8680H

Billington Holdings PLC

22 March 2024

 

 

22 March 2024

Billington Holdings plc

 

("Billington", the "Group" or the "Company")

 

£90 million of Contracts Awarded

 

Billington Holdings plc (AIM: BILN), one of the UK's leading structural steel and construction safety solutions specialists, is pleased to announce that the Group has recently been awarded six new contracts with a combined value of circa £90 million.

 

Billington has secured the largest single contract in its trading history to achieve its largest order book to date, materially ahead of the previous record in Q1 2023. The contract wins span a variety of sectors including power generation, manufacturing and retail logistics, and will be delivered nationally over the next 24 months.

 

Mark Smith, Chief Executive Officer of Billington, commented:

 

"The award of these significant contracts is great news for Billington. They are a testament to our Group offering in a challenging trading environment and demonstrates that Billington is a steelwork contractor of choice. The Group currently has a record orderbook and these contracts provide further confidence that Billington will continue to perform well in 2024 and into 2025, further underpinning current market expectations. I look forward to providing further updates at the time of the release of the Group's results for the year ended 31 December 2023 in April 2024."

For further information please contact:

Billington Holdings Plc Mark Smith, Chief Executive Officer Trevor Taylor, Chief Financial Officer	Tel: 01226 340 666
Cavendish Capital Markets Ltd – Nomad and Broker Ed Frisby / Charlie Beeson – Corporate Finance Andrew Burdis – ECM	Tel: 020 7220 0500
IFC Advisory Limited Tim Metcalfe Graham Herring Zach Cohen	Tel: 020 3934 6630 billington@investor-focus.co.uk

 

About Billington Holdings plc

 

Billington Holdings plc (AIM: BILN), one of the UK's leading structural steel and construction safety solutions specialists, is a UK based Group of companies focused on structural steel and engineering activities throughout the UK and European markets. Group companies pride themselves on the provision of high technical and professional standards of service to niche markets with emphasis on building strong, trusted and long-standing partnerships with all of our clients.https://billington-holdings.plc.uk/

 

The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

 

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 rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

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Neville Registrars are delighted to welcome Franchise Brands plc as the newest addition to its list of client companies.

Franchise Brands plc are a multi-brand franchisor, focused on B2B van-based service, with a presence in 10 countries across the UK, North America and Europe. They are focused on building market-leading businesses primarily via a franchise model and have over 625 franchisees across seven franchise brands and system sales of £350m.

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

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