EU Supply PLC Contract Wins and Extensions
November 01 2017 - 2:00AM
RNS Non-Regulatory
TIDMEUSP
EU Supply PLC
01 November 2017
1 November 2017
EU Supply plc
("EU Supply" or the "Company" or the "Group")
Contract Wins and Extensions
EU Supply (LSE AIM: EUSP), the e-procurement software provider,
is pleased to announce that it has signed two new contracts and
extended two contracts in the rail and road sector.
Banedanmark, the Danish railroad authority, has declared its
intention to award a contract to the Group, for delivery of CTM(TM)
as SaaS and related services, of which a small part is expected to
be delivered in 2017. A new smaller 4-year contract has also been
signed for the Norwegian Railway Directorate.
Two other European rail and road authorities have extended their
existing contracts with the Group, which were otherwise due to
expire.
FURTHER ENQUIRIES
EU Supply plc Tel: 020 7127 4545
Thomas Beergrehn, CEO
Fredrik Wallmark, CFO
Stockdale Securities Tel: 020 7601 6100
Tom Griffiths, Ed Thomas
A copy of this announcement is available at
www.eu-supply.com.
Notes to Editors
EU Supply is the UK holding company of the EU Supply Group, a
Sweden-based e-commerce business, which has an established,
market-leading, multilingual e-procurement platform for e-sourcing,
e-tendering and contract management, tailored for the highly
regulated European public sector market.
Since 2006, the Group has invested heavily in employing
specialist programmers to add functionality, legal compliance as
required and security features to its Complete Tender
Management(TM) ("CTM(TM)") platform to ensure that the Group is
ideally placed to secure new contracts with EU Member States and
their Contracting Authorities. The platform is available in 16
different languages.
The Directors believe that the Group's CTM(TM) platform is one
of the easiest to use and most functionally advanced solutions
available in the market. The CTM(TM) platform is used by over 8,000
European public sector bodies in 9 EU/EEC Member States and has
National Procurement System status in four Member States (the UK,
Ireland, Norway and Lithuania).
The Company's shares were admitted to trading on AIM in November
2013. In August and September 2015, the Company raised a total of
GBP2.061m (before expenses) through a placing of new shares and the
issue of first and second tranches of Convertible Loan Notes to
institutional and other investors.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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