EU Supply PLC Contract wins (5911O)
22 August 2017 - 4:00PM
UK Regulatory
TIDMEUSP
RNS Number : 5911O
EU Supply PLC
22 August 2017
22 August 2017
EU Supply plc
("EU Supply", the "Company" or the "Group")
Contract wins
EU Supply (LSE AIM: EUSP), the e-procurement software provider,
is pleased to announce that four new contracts have been signed for
the use of the Group's CTM(TM) platform, including the first
contract in Germany through its distributor, T-Systems Multimedia
Solutions GmbH ("T-Systems").
Each of these contracts is of relatively low value. The German
contract which is for two years is with Einkaufsverbund der
Krankenkassen, a procurement consortia of health insurance
authorities in Germany. T-Systems will start the implementation of
EU Supply's CTM(TM) platform this month.
Two of the contract wins are in Denmark and are with the Danish
police force and Nordkøb A/S, the procurement office of six local
utilities. These wins further consolidate the Group's strong market
position in Denmark and the Board estimates that the Group has more
than 50 per cent. of the Danish public tender management system
market, well ahead of its main competitors.
The fourth contract is with another county council in
Norway.
Commenting on the German contract, Miroslav Snaidr, Head of
Procurement Services of T-Systems, said:
"With this first contract win and our pipeline of opportunities,
we are optimistic, both short- and long-term, in signing further
contracts for EU Supply's CTM(TM) platform in Germany."
FURTHER ENQUIRIES
EU Supply PLC Tel: 020 7127 4545
Thomas Beergrehn, CEO
Fredrik Wallmark, 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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