EU Supply PLC : Contract Win

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•   21 September 2015

RNS Number : 5831Z

EU Supply PLC

21 September 2015

 

21 September 2015

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 been awarded a contract with a leading regulated water and wastewater network provider in the North West of England. The contract gives this customer the right to use the Company's CTMTM platform for Tender and Contract management. 

 

The contract is worth around £300,000 over a 5 year period, including implementations, licenses and support. The implementations are expected to be completed before 31 December 2015. The contract also includes options for the customer to purchase value added modules and to extend the contract for additional years.

 

This agreement increases the Company's footprint in the utility industry and is further confirmation of the CTMTM platform's competiveness in this industry.  

 

FURTHER ENQUIRIES

EU Supply PLC Thomas Beergrehn, CEO Mattias Ström, CFO Westhouse Securities Tom Griffiths, David Coaten

Tel: 020 7127 4545                                Tel: 020 7601 6100

 

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 8 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 2015, the Company raised a total of £1.353m (before expenses) through a placing of new shares and the issue of the first tranche of Convertible Loan Notes to institutional and other investors.

 

This information is provided by RNS

The company news service from the London Stock Exchange

 

END

 

 

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