Strategy and Direction23 Dec 2020 12:01
2 questions:
1 Has the contractual agreement with the German Manufacturer been signed?
2 Has RMS changed its plans from being a significant manufacturer to outsourcing manufacturing?
23rd Dec RNS
'Under these plans, the Company would invest in P2F to build its capability in specialist nano materials and coatings alongside a wholesale marketing operation with the eventual manufacturing of end products incorporating these specialist materials primarily being outsourced.'
16th Nov RNS
'To fulfil part of the anticipated excess demand, P2F expects to supply its patented filter material, initially, to certain partner mask manufacturers, until P2F has itself procured additional production lines.'
'The heads of terms [with the German manufacturer of surgical masks] are subject to final contractual agreement between the parties.'