LONDON (Alliance News) - Procurement and tendering service company EU Supply PLC Wednesday said it has won a number of smaller licensing and supply agreements so far in 2014, particularly in the UK and Denmark, and it expects to win major new contracts in Norway shortly after the launch of a product there.
In a statement alongside the company's annual general meeting, EU Supply Chairman David Cutler said the company is also growing existing contracts, including increased royalties from a recruiting services company in Holland via its partner CTMS, and a pilot contract by Global eSourcing with a humanitarian organisation.
Its partner AlmenIndkøb has also completed the first three of its proposed procurement framework agreements, and approximately 50 public housing associations, representing more than half of all public housing apartments in Denmark, have the possibility to use them. And in the UK, a number of police departments and fire and rescue services have signed call off agreements. Training will take place during June and the agreements are expected to go live at the end of this month.
The company launched its Doffin public contracts product in Norway in January under a seven year contract with the Norwegian procurement agency, Difi. It said it deployed "substantial" resources to ensure that it is successfully adopted by all Norwegian authorities, and delivery has now been accpted by Difi.
"The resources that were applied in this initial phase of the contract have now been reallocated to the winning and development of major new contracts which are expected to be signed shortly," Cutler said.
The company got a boost in January when the European parliament ratified proposed EU directives requiring all public bodies or authorities that are governed by public law to ensure all tender notifications and documents are made available online and that tender responses are managed electronically.
"As a result of these positive legislative and operational developments, the board is confident that EUS is well positioned to take advantage of the growing market for its product and will deliver substantial growth through deployment of its configurable procurement software platform," he added.
EU Supply shares were up 1.8% at 28.75 pence Wednesday morning.
By Steve McGrath; stevemcgrath@alliancenews.com; @SteveMcGrath1
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