RNS Number : 5911O
EU Supply PLC
22 August 2017
22 August 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 four new contracts have been signed for the use of the Group's CTMTM platform, including the first contract in Germany through its distributor, T-Systems Multimedia Solutions GmbH ("T-Systems").
Each of these contracts is of relatively low value. The German contract which is for two years is with Einkaufsverbund der Krankenkassen, a procurement consortia of health insurance authorities in Germany. T-Systems will start the implementation of EU Supply's CTMTM platform this month.
Two of the contract wins are in Denmark and are with the Danish police force and Nordkøb A/S, the procurement office of six local utilities. These wins further consolidate the Group's strong market position in Denmark and the Board estimates that the Group has more than 50 per cent. of the Danish public tender management system market, well ahead of its main competitors.
The fourth contract is with another county council in Norway.
Commenting on the German contract, Miroslav Snaidr, Head of Procurement Services of T-Systems, said:
"With this first contract win and our pipeline of opportunities, we are optimistic, both short- and long-term, in signing further contracts for EU Supply's CTM™ platform in Germany."
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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