EU Supply PLC Contract win
05 July 2017 - 4:00PM
RNS Non-Regulatory
TIDMEUSP
EU Supply PLC
05 July 2017
5 July 2017
EU Supply plc
("EU Supply", the "Company" or the "Group")
Contract win
EU Supply (LSE AIM: EUSP), the e-procurement software provider,
is pleased to announce that it has entered into a contract with the
Norwegian Government Agency for Financial Management (the
"Customer") for the use of its CTM(TM) platform. In addition, the
contract allows over 200 other Norwegian state controlled
entities/operations to use the platform via the Customer.
The contract is expected to generate total revenues of, in
aggregate, more than GBP50k over 3 years, including licenses and
support and implementation.
Furthermore, as announced in the Company's AGM statement on 30
May 2017, the Group continues to see increasing activity in certain
European e-Procurement markets where there is currently a low
adoption rate, such as Norway.
FURTHER ENQUIRIES
EU Supply PLC Tel: 020 7127 4545
Thomas Beergrehn, CEO
Mattias Ström, CFO
Stockdale Securities Tel: 020 7601 6100
Tom Griffiths, David Coaten
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 esourcing,
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 7,000
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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