EU Supply PLC Contract wins (6630S)
December 23 2016 - 2:00AM
UK Regulatory
TIDMEUSP
RNS Number : 6630S
EU Supply PLC
23 December 2016
23 December 2016
EU Supply plc
("EU Supply", the "Company" or the "Group")
Contract wins
EU Supply (LSE AIM: EUSP), the e-procurement software provider,
is pleased to announce that it has entered into a contract for
enhancements of its CTM(TM) platform with an existing customer in
the UK.
The enhancement contract is expected to generate revenues of
approximately GBP100,000, including maintenance and support, with
the project work commencing in December 2016 and is expected to be
completed in the first half of 2017.
In addition, the Group has been awarded several new smaller
contracts in Scandinavia. Two of these contracts for EU Supply's
CTM(TM) platform have been entered into with Verdo A/S, a leading
European renewable energy group, and the Danish Ministry of
Employment, which further consolidate the Group's strong market
position in Denmark.
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(TM) ("CTM(TM)") 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(TM) platform is one
of the easiest to use and most functionally advanced solutions
available in the market. The CTM(TM) 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
GBP2.061m (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
The company news service from the London Stock Exchange
END
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