Last checked at 19 Jun 2015 09:00
19 June 2015
Biome Technologies plc
("Biome", "the Company")
Contract awarded to RF Division
Biome is pleased to announce that its Stanelco RF Technologies division has signed a £1.1m contract with a customer in Asia for the manufacture of a set of fibre optic furnaces for supply during 2015.
It was noted in the Group's trading update on 27 April 2015 that there were encouraging signs that the supply demand balance in the Asian fibre optic market was changing and that the division was quoting on a number of systems with potential customers who were considering new capacity.
This order is indicative of the improvement in market conditions and gives significant underpinning to the Board's expected outcome for this division in 2015.
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For further information please contact:
Biome Technologies plc | |
Paul Mines, Chief Executive Officer | |
www.biometechnologiesplc.com | Tel: +44 (0) 2380 867 100 |
Allenby Capital | |
David Hart/Alex Brearley (Nominated Adviser) Chris Crawford/Kelly Gardiner (Broker) | |
www.allenbycapital.com | Tel: +44 (0) 20 3328 5656 |
FTI Consulting | |
Oliver Winters www.fticonsulting.com | Tel: +44 (0) 20 3727 1535 |