Contract Wins

17 Sep 2007 07:01

K3 Business Technology Group PLC17 September 2007 KBT.L K3 BUSINESS TECHOLOGY GROUP PLC ("K3" or "the Company") Announces Contract Wins in Manufacturing Software Division worth £1.35 million K3, the IT solutions provider for retail, distribution and manufacturingsectors, is pleased to announce that its Manufacturing Software Division hasrecently secured four new contracts totalling c£1.35 million in value. The four contracts, individually worth £0.65m, £0.4m, £0.2m and £0.1m, have beensigned respectively with: Westland Horticulture Ltd, a UK leader in theprovision of composts, plant foods, lawn treatments, which owns the well knownUnwin Seeds brand; ceramic tableware specialists, Dudson Group; Tods, thespecialist manufacturers of advanced composites technology for the aerospace anddefence sector and TTI, the electronic test equipment manufacturer. The deal with Westland Horticulture Ltd, at £0.65m, first noted in the interimresults announcement on 7 September, is especially creditworthy because of itssize and complexity. McGuffie Brunton (the Syspro distributor which K3 acquiredin April and which establishes K3 as the sole UK supplier of Syspro software),was involved in the tender process together with IEG, K3's existing Syspodistributor. Additionally, K3 customised its Syspro ERP product with McGuffieBrunton's own warehouse management system and a logistics sofware package. Asthis contract demonstrates, the combination of IEG and McGuffie Brunton is nowenabling K3 to tender for larger contracts within its marketplace. Westland will be adopting K3's Syspro solution for its new corporate informationsystem and the 100 user system will be installed over two sites, in Dungannon,Northern Ireland and Alconbury Hill, Cambridgeshire. In K3's contracts with both Dudson Group and Tods, K3 will be replacing bothcompanies' bespoke manufacturing system with a Syspro ERP system. Implementationis expected to be completed by the beginning of April 2008. The TTI contractdesignates K3 to replace TTI's current Swan manufacturing system with a Sysprosolution. Andy Makeham, K3's Chief Executive, commented, "The new business pipeline as we enter the second half of the year is strong andI am pleased to announce these new orders. The acquisition of Syspro distributor, McGuffie Brunton, in April has addedcritical mass to our Manufacturing Software Division and establishes it as thesole UK supplier of this market leading software. The full financial benefits ofthe acquisition will be seen in 2008 but it is very encouraging to see thesynergies start to come through not least in that we are now in a position tobid for larger contracts - as our contract with Westland demonstrates." Enquiries: K3 Andy Makeham, Chief Executive T: 01282 864 111 Biddicks Katie Tzouliadis T: 020 7448 1000 Daniel Stewart Paul Shackleton T: 020 7776 6550(NOMAD) This information is provided by RNS The company news service from the London Stock Exchange