RNS Number : 7516D
EU Supply PLC
02 May 2017
2 May 2017
EU Supply plc
("EU Supply", the "Company" or the "Group")
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.
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.
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