TIDMEKT

RNS Number : 3208J

Elektron Technology PLC

29 March 2018

Date 29(th) March 2018

Elektron Technology PLC

Bulgin announces global distribution agreement with Arrow Electronics Inc

Elektron Technology plc (AIM:EKT, "Elektron" or the "Group") is pleased to announce the signing of a global distribution agreement between its wholly own subsidiary, Bulgin - a designer and manufacturer of market-leading ruggedised solutions and components, and Arrow Electronics Inc - the globally recognized leader in providing products, services and solutions to both industrial and commercial users of electronic components and enterprise computing solutions.

The initial inventory order from Arrow Electronics is in excess of $500k, representing a significant investment in this joint initiative, with products available for customer orders beginning July 2018.

John Wilson, Bulgin's Executive Chairman and Group Chief Executive Officer of Elektron, commented:

"This agreement, with one of the largest electronic component distributors in the world and the world's largest customer base, further demonstrates the worldwide end-user demand for Bulgin's continually evolving niche product portfolio and we look forward to exploiting the increasing growth opportunities that this relationship will deliver."

Enquiries:

 
                                     +44 (0) 1223 
  Elektron Technology plc             371 000 
  www.elektron-technology.com 
   John Wilson (CEO) 
   Andrew Weatherstone (CFO & 
   Company Secretary) 
  N+1 Singer (Nominated Adviser      +44 (0) 20 7496 
   & Broker)                          3000 
  Shaun Dobson / Jen Boorer 
   (Corporate Finance) 
  Michael Taylor (Corporate 
   Broking)

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

Notes to Editors

Elektron conceives designs and markets innovative products and services for businesses that connect, monitor and control. We have a multi skilled team of engineers, software and product line specialists based in Cambridge focused on the opportunities created by global trends in the following areas:

- Demand for ubiquitous power and data: Bulgin

- Real-time operations management using Internet of Things (IoT) technology: Checkit

- Screening for the effects of ageing on sight: Elektron Eye Technology

This information is provided by RNS

The company news service from the London Stock Exchange

END

AGRPGUUWWUPRGMR

(END) Dow Jones Newswires

March 29, 2018 02:00 ET (06:00 GMT)

Elektron Technology (LSE:EKT)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Elektron Technology Charts.
Elektron Technology (LSE:EKT)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Elektron Technology Charts.