AIM IP specialist Tekcapital to sell or float all four portfolio companies 'within 2 years'. Watch the full video here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksVerditek Share News (VDTK)

Share Price Information for Verditek (VDTK)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 3.60
Bid: 3.50
Ask: 3.70
Change: -0.05 (-1.37%)
Spread: 0.20 (5.71%)
Open: 3.65
High: 3.65
Low: 3.50
Yest. Close: 3.65
VDTK Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

RNS Alerts are a premium feature

Login to your account

myTerminal is a premium feature

Login to your account

Don't have an account? Click here to register.

Verditek wins first order in valuable Australian mining sector

Thu, 24th Sep 2020 16:40

(Sharecast News) - Clean technology company Verditek has won its first order in the mining sector in Australia, it announced on Thursday, representing what it described as an "important new territory".
The AIM-traded firm said it had secured an order for its 'PowerMat' solution from InterGroup Mining, to provide solar power to its exploration operations based in Queensland.

InterGroup, which had made a number of major gold discoveries, was said to be in the process of ramping up its operations significantly.

The first order was for 75kW at their exploration camp, but they were apparently expecting a large increase in their power requirements over the coming year, which would provide Verditek with the opportunity for further larger orders.

It said the lightweight, durable solar panels would be used as part of a diesel-solar hybrid system, with the solar panels "significantly reducing" the consumption of liquid fuel, and thus offering financial savings to the operator as well as achieving a key objective for InterGroup in wanting to make its mining operations more 'green'.

The unit was expected to be shipped to Australia in December, with a first stage payment already received.

"I am extremely pleased that we continue to deliver on the strategy of delivering solar solutions to off grid installations and converting wet fuel users to dry," said chief executive officer Robert Richards.

"This first sale of our mobile power solution to the Australian mining sector, through InterGroup marks a significant achievement.

"Although the starting order is relatively modest in size we are confident of the potential for much larger repeat orders."

At 1620 BST, shares in Verditek were down 7.84% at 8.52p.

More News

TRADING UPDATES: Crimson Tide revenue up, Thruvision expects decline

TRADING UPDATES: Crimson Tide revenue up, Thruvision expects decline

1 Apr 21 14:56

TRADING UPDATES: ScS Interim Sales Rise; Quixant Annual Revenue Falls

TRADING UPDATES: ScS Interim Sales Rise; Quixant Annual Revenue Falls

27 Jan 21 11:13

AIM WINNERS & LOSERS: Scapa Rises On GBP403 Million Takeover Offer

AIM WINNERS & LOSERS: Scapa Rises On GBP403 Million Takeover Offer

27 Jan 21 10:20

UK TRADING UPDATE SUMMARY: Polar Capital Adds GBP1.2 Billion To Assets

UK TRADING UPDATE SUMMARY: Polar Capital Adds GBP1.2 Billion To Assets

17 Dec 20 19:37

Verditek Fully Repays USD600,000 Loan From Non-Executive Mayhew

Verditek Fully Repays USD600,000 Loan From Non-Executive Mayhew

13 Nov 20 12:02

UK TRADING UPDATE SUMMARY: Shoe Zone Ends Financial Year On Back Foot

UK TRADING UPDATE SUMMARY: Shoe Zone Ends Financial Year On Back Foot

28 Oct 20 17:43

UK TRADING UPDATE SUMMARY: Personal Group Lauds Royal Mail Contract

UK TRADING UPDATE SUMMARY: Personal Group Lauds Royal Mail Contract

24 Sep 20 17:35

Verditek wins first order in valuable Australian mining sector

(Sharecast News) - Clean technology company Verditek has won its first order in the mining sector in Australia, it announced on Thursday, representing what it described as an "important new territory".

24 Sep 20 16:40

UK TRADING UPDATE SUMMARY: Prime People Hurt As Covid Hits Job Market

UK TRADING UPDATE SUMMARY: Prime People Hurt As Covid Hits Job Market

10 Sep 20 16:01

Verditek Half-Year Loss Widens On Finance, Administrative Costs

Verditek Half-Year Loss Widens On Finance, Administrative Costs

7 Sep 20 12:39

UK EXECUTIVE CHANGE SUMMARY: Nanoco CFO Tenner Promoted To CEO Role

UK EXECUTIVE CHANGE SUMMARY: Nanoco CFO Tenner Promoted To CEO Role

1 Sep 20 15:22

IN BRIEF: Verditek Progressing Despite Virus; Unveils Australia Plan

IN BRIEF: Verditek Progressing Despite Virus; Unveils Australia Plan

12 Aug 20 15:02

UK TRADING UPDATE SUMMARY: Naked Wines New Sales Drive Progress

UK TRADING UPDATE SUMMARY: Naked Wines New Sales Drive Progress

6 Aug 20 22:08

IN BRIEF: Verditek Finance Director Tim Lord Resigns

IN BRIEF: Verditek Finance Director Tim Lord Resigns

5 Aug 20 13:58

IN BRIEF: Verditek Secures EUR200,000 First Order In South America

IN BRIEF: Verditek Secures EUR200,000 First Order In South America

13 Jul 20 14:41

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.