Verditek PLC Contract with SAF International update (0296J)
December 17 2020 - 6:03AM
UK Regulatory
TIDMVDTK
RNS Number : 0296J
Verditek PLC
17 December 2020
Verditek PLC
("Verditek" or the "Company")
Contract with SAF International update
Verditek plc, (AIM:VDTK), the international clean technology
company that develops, manufactures and sells certified lightweight
solar panels, has received notification from SAF International that
the contract announced in August 2020 (RNS number: 2870V) has been
delayed.
The reason for this is that SAF International's end user
customer, the Sindh regional government, has been forced to divert
their resources to manage the COVID-19 pandemic which has ravaged
this region of Pakistan.
SAF International hope to recommence the order in 2021 and have
confirmed that our initial order has been installed and is
performing to their satisfaction.
Whilst Verditek has experienced similar delays from other
prospects as a result of the second wave of COVID-19 and general
economic uncertainty, the Board remains confident that a strong
market exists for its products.
Enquiries:
Verditek plc
Rob Richards, CEO Tel: +44 (0)20 7129
Tim Bowen, CFO 1110
WH Ireland Limited - NOMAD and Tel: +44 (0)20 7220
Broker 1666
Chris Hardie
Matthew Chan
About Verditek plc:
AIM listed Verditek plc is a holding company with three
businesses operating within the clean technology sector. The
Company is focused on commercializing our lightweight low-profile
solar panel business. With manufacturing based in Lainate Italy, we
have developed renewable power solutions for our customers, that
drive solar energy into applications previously unachievable. The
exceptional properties of our solar panels replace diesel fuel in
business such as perishable goods transport, off-grid
telecommunication towers, electric vehicle charging stations,
residential and holiday home power solutions and solar roofing for
light-weight industrial roofing. In addition to our current PV
panels in production, we have partnered with an outstanding leader
in graphene technology, Paragraf, and have created the worlds'
first Graphene Integrated Photo Voltaic cell. We are working
together to engineer the technology for commercialization.
Verditek provides compelling commercial solutions that help to
make our customer's businesses sustainable.
For more information please visit or contact the following: https://verditek.com/
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