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24 Mar 2014 11:43
24th March 2014
Biome Technologies plc
Contract for Stanelco RF Technologies Division
Biome Technologies is pleased to announce that its Stanelco Radio Frequency (RF) Technologies Division has today signed a contract with a substantive customer from a regulated industry sector in the UK to supply advanced analytical equipment based on the Group's induction heating technology.
The RF Division is a specialist designer and manufacturer of induction heating and welding equipment serving a number of industrial sectors on a global basis. This contract is for supply of equipment and is expected to generate revenues of over £1.5m during a two year period. Receipts of approximately one quarter of contract value are expected to be received during 2014.
Paul Mines, Chief Executive, commented:
"This important contract enhances the order-book of our RF Technologies Division and underpins the Group's revenue growth plans. It is encouraging to see the Division broadening its applications base"
For further information please contact:
Biome Technologies plc
Paul Mines, Chief Executive Officer
www.biometechnologiesplc.com Tel: +44 (0) 2380 867 100
Daniel Stewart & Company plc
David Hart
www.danielstewart.co.uk Tel: +44 (0) 20 7776 6550
Allenby Capital
Chris Crawford/Kelly Gardiner
www.allenbycapital.com Tel: +44 (0) 20 3328 5656
FTI Consulting
Oliver Winters Tel: +44 (0) 20 3727 1535
www.fticonsulting.com
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