EU Supply PLC Contract Wins and Completion of Work
26 October 2017 - 5:00PM
RNS Non-Regulatory
TIDMEUSP
EU Supply PLC
26 October 2017
26 October 2017
EU Supply plc
("EU Supply" or the "Company" or the "Group")
Contract Wins and Completion of Work
EU Supply (LSE AIM: EUSP), the e-procurement software provider,
is pleased to announce that it has signed a number of small
contracts and has completed a development project.
A number of small contracts have been signed by the Group and
its partners with a Danish utility company, Port of Rotterdam
Authority and 3 municipalities in Denmark (Tønder, Aabenraa and
Haderslev). In addition, the Group has started work on a project
for the Norwegian Ministry of Foreign Affairs. All of the above
projects are for the delivery of CTM(TM) as SaaS and related
services. Most of the revenues under these contracts will be
accrued in 2018.
Finally, following submission of the EUREKA development
project's final report to Vinnova, receipt by the Company of the
final payment is expected to be received in 2017 as
anticipated.
FURTHER ENQUIRIES
EU Supply plc Tel: 020 7127 4545
Thomas Beergrehn, CEO
Fredrik Wallmark, CFO
Stockdale Securities Tel: 020 7601 6100
Tom Griffiths, Ed Thomas
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 e-sourcing,
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 8,000
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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