Straight PLC Launch of Food Waste Inner Caddy (5750N)
September 10 2013 - 1:01AM
UK Regulatory
TIDMSTT
RNS Number : 5750N
Straight PLC
10 September 2013
Date: 10 September 2013
On behalf of: Straight plc ("Straight" the "Company" or
"the Group")
Embargoed until: 0700hrs
Straight plc
Launch of Food Waste Inner Caddy
Straight plc, the environmental products and services group and
the UK's leading supplier of specialist waste and recycling
container solutions, has secured a contract with Bournemouth
Borough Council to supply an innovative new product for food waste
recycling.
The contract, worth in excess of GBP550,000, is to supply the
new Food Waste Inner Caddy (FWIC), a product developed by Straight
plc to add to its existing range of market-leading container
solutions for food waste collection. This container is designed to
sit inside the top of a 140 litre wheeled bin creating two separate
streams for collection and recycling within the one container. The
contract included the supply of the Straight Kitchen Caddy for
indoor use, a quantity of the 23 litre Kerbside Caddy for larger
households as well as a supply of Compost-a-Bag compostable
liners.
Created to meet a specific need for one customer, the product
will be launched to the wider market today (Tuesday 10th September)
at the RWM Exhibition in Birmingham.
With a 12 litre capacity the FWIC will hold up to 9kg of food
waste including larger food waste items. Bournemouth expects a
yield of 1.25kg of food waste per person per week on average.
Georgina Lamb, Waste & Resource Projects Manager at
Bournemouth Borough Council commented:
"As the market leader in the industry, and with its expertise in
the manufacture of inner caddy products, Straight was a natural
partner for the development of this product. Use of the new inner
caddy containers should demonstrate value for money, increase
recycling performance and deliver significant environmental
benefits through waste reduction."
Jonathan Straight, founder and Chief Executive of Straight plc
added,
"We are delighted to have been invited to fulfil this contract
and that the pioneering spirit we are well known for continues to
go from strength to strength."
For further information: please contact:
Straight plc
Jonathan Straight, Chief Executive 0113 245 2244
Redleaf Polhill
Rebecca Sanders-Hewett
Jenny Bahr
Rachael Brown 0207 382 4730
Cenkos Securities
Ivonne Cantu (Nomad) 0207 397 8980
Christian Hobart (Sales)
Notes for editors:
About Straight plc
-- Straight plc provides environmental products and services to
both the UK market and overseas.
-- The Group is the UK's leading manufacturer and supplier of
specialist kerbside recycling containers, as well as being a key
supplier of a broad range of waste and recycling container
solutions.
-- Founded in 1993 by the current Chief Executive, Jonathan
Straight, the business has since supplied more than 25 million
kerbside boxes, baskets and caddies to local authorities across the
UK, securing its position as the industry leader.
-- The business operates through two divisions:
- The core Trade Business supplying products in bulk to local
authorities, utilities, the waste industry, retailers and other
businesses
- The Retail Business supplying a range of proprietary
environmentally friendly consumer products directly to the public,
often in partnership with a local authority or a utility.
-- Almost two thirds of the products the Group supplies are now
produced in Straight's own factory.
-- Straight plc has established diverse overseas sales channels
for its products, some of which are manufactured locally to their
markets in North America and in Australia. Other markets are
serviced from UK production.
-- Straight plc is a founding member of the Social Stock
Exchange, an online portal to promote investment in businesses with
social or environmental impacts.
Further information about the company and its products can be
found at: www.straight.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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