APC Technology Regulatory News (APC)

APC Technology Group PLC("APC" or the "Group")

Contract win and Acquisition

APC Technology Group PLC (AIM: APC), is pleased to announce that it has received an order for the installation of LED lighting at three buildings operated by one of the UK's foremost high street banks.

The order, valued at £0.425 million, is expected to be fulfilled during the remainder of this financial year and the very early part of the next financial year and is expected to be the first of a number of projects from this customer.

In addition, further to its announcement of 16 July 2014, APC has now commenced the delivery of LED lighting at one of the UK's major food and clothing retailers for the installation into refrigeration units in its approximate 500 stores. The retailer requested that delivery of the order commenced in advance of the purchase order being raised to avoid delay when adding Minimise as an approved supplier thereby enabling the project to be completed by mid-September 2014. Whilst too early to determine with certainty, it is expected that the majority of this order will be invoiced at the end of the current financial year or very early in September. The order, which has an initial value of £1 million, is expected to increase in value when the full 500 stores have been surveyed and this contract is anticipated to be part of a wider roll out of low energy lighting to this retailer in which the Group hopes to participate.

Minimise remains in the final stages of negotiations for orders with other new and significant customers in various market sectors which, if placed, will generate significant growth and further reduce reliance on any one customer in the next financial year.

APC is also pleased to report that it has reached an agreement regarding the acquisition of a 10 per cent. interest in Open Energy Market Limited ("OEM"), the UK's first autonomous online energy procurement platform for corporate energy users, for £0.2 million in cash. Subject to certain performance milestones, APC has the option to purchase a further 15 per cent. of OEM, at the same valuation, over the next 12-18 months.

OEM's online procurement platform, which will be marketed and sold as a service offered by APC's Minimise Solutions business, provides energy buyers direct access to the UK's top 14 gas and electricity providers offering an efficient and fully transparent way to manage their energy procurement. OEM's customer base includes both public and private sector companies and the technology is proven to generate total energy cost savings of between 2 per cent. and 10 per cent. over traditional procurement methods.

Mark Robinson, Chief Executive Officer of APC Technology Group, commented:

"We are very pleased to be engaged with two significant new customers, evidence of the on-going progress we are making in growing the depth of our customer base. Negotiations with further household names are ongoing and I look forward to reporting further news in due course.

"The investment we have made in OEM, whose mission it is to increase transparency in the energy broking market, perfectly complements our growing range of solutions and we're delighted to be able to welcome them on board. Through OEM's disruptive technology, we believe we are able to offer a compelling approach; enabling corporations to more efficiently control their energy procurement while at the same time helping them to control consumption through the technologies offered by Minimise Energy."

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