RNS - 11th January6 Feb 2019 11:56
Ian Price, CEO of EQTEC plc, commented: "EQTEC currently finds itself presented with significant contract opportunities which we wish to capitalise on. This amendment to the Loan Facility will allow the Company to pursue our goal of generating revenue both through the execution of new and existing contracts ranging from €10m to €100m.
"The ongoing support of the Lenders along with other key stakeholders is a testament to their confidence in EQTEC's ability to execute its growth strategy. We look forward to providing shareholders with further updates as we seek to strengthen our position in the market."
Ian Pearson, Chairman of EQTEC plc, commented: "Evidence of rising demand for our technology and services continues to mount and we wish to ensure that we are well positioned to take advantage of this and other contract opportunities. To support these priorities, we have effected a significant improvement to our working capital position by amending the terms of the Loan Facility."