Biome Technologies PLC Contract win for Stanelco RF Division
September 30 2024 - 5:08AM
RNS Regulatory News
RNS Number : 2484G
Biome Technologies PLC
30 September 2024
30
September 2024
Biome Technologies
plc
("Biome", the "Company" or
the "Group")
Contract win for Stanelco RF
Division
Biome Technologies plc, a leading
bioplastics and radio frequency technology business, is pleased to
announce that its RF Technologies division
(www.stanelcorftechnologies.com)
has been awarded a contract to upgrade advanced analytical
equipment that it has supplied previously. This analytical
equipment is based on the Group's induction heating technology and
was provided to an organisation in a UK regulated industry sector
following a contract announced on 24 March 2014.
This new contract is for the supply
of specific equipment upgrades, to the value of £193,000 and
follows an initial design and scoping phase of £50,000 carried out
in recent months. The majority of revenue recognition is expected
in 2025 and does not change the Board's view of expectations for
that year.
-Ends-
|
For
further information please contact:
|
|
Biome Technologies plc
Paul Mines, Chief Executive
Officer
|
|
Donna Simpson-Strange, Company
Secretary
|
|
www.biometechnologiesplc.com
|
Tel: +44 (0) 2380 867 100
|
|
Allenby Capital
|
|
David Hart/Alex Brearley/Lauren
Wright (Nominated Adviser)
Kelly Gardiner/Tony Quirke (Sales
and Corporate Broking)
|
|
www.allenbycapital.com
|
Tel: +44 (0) 20 3328 5656
|
About
Biome
Biome Technologies plc is an AIM
listed, growth-orientated, commercially driven technology group.
Our strategy is founded on building market-leading positions based
on patented technology and serving international customers in
valuable market sectors. We have chosen to do this by developing
products in application areas where the value-added pricing can be
justified and are not reliant on government legislation. These
products are driven by customer requirements and are compatible
with existing manufacturing processes. They are market rather than
technology-led.
The Group comprises two divisions,
Biome Bioplastics ("Bioplastics") and Stanelco RF Technologies
Limited ("RF Technologies").
Biome Bioplastics is a leading
developer of highly-functional, bio-based and biodegradable
plastics. The division's mission is to produce bioplastics that
challenge the dominance of oil- based polymers.
RF Technologies designs, builds and
services advanced radio frequency (RF) systems. Dielectric and
induction heating products are at the core of a product offering
that ranges from portable sealing devices to large furnaces for the
fibre optics markets.
www.biometechnologiesplc.com
www.biomebioplastics.com
and www.thinkbioplastic.com
www.stanelcorftechnologies.com
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END
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