RM2 International SA Significant Contract (0399B)
18 September 2018 - 4:00PM
UK Regulatory
TIDMRM2
RNS Number : 0399B
RM2 International SA
18 September 2018
18 September 2018
RM2 International S.A.
("RM2" or the "Company")
Significant Contract
RM2 (LSE-AIM: RM2), the sustainable smart pallet innovator, is
pleased to announce it has entered into an agreement for the
deployment of standard RM2 BLOCKPal pallets with a household name
in the homewares sector in North America. This contract is expected
to generate gross revenues in excess of USD 1.5 million on an
annual basis subject to certain velocity thresholds being met.
Under this contract, RM2 BLOCKPal pallets are delivered to
Walmart's Sam's Club stores. The RM2 BLOCKPal pallet is one of only
four pooled pallets accepted by Walmart for shipments from
suppliers, having successfully passed Walmart's supplier safety
vetting process. The selective inclusion of RM2 ELIoT-enabled
pallets in certain delivery loops with this customer will enable
all parties to deepen their understanding of pallet flows in the
supply chain.
Kevin Mazula, CEO of RM2 International S.A., commented:
"The large contract announced today with a supplier to Walmart
will see the first significant usage of our BLOCKPal pallets in
Sam's Clubs stores. We anticipate seeing the use of our approved
pallet supplier status expanded.
"I also take this occasion to personally welcome our new
non-executive members of the Board of Directors, whose appointment
is expected to be confirmed at the EGM scheduled for October 3,
2018.
"We set out to bring complementary knowledge to the Board by
recruiting non-executives with specific knowledge of the logistics
industry and strong technical backgrounds as well as international
experience in the telecoms industry. David Binks will bring deep
experience in the logistics industry, from his remarkable career
with FedEx Express and TNT. Andy Geisse has worked for over 35
years in the digital space, and in addition will bring to the table
experience with venture capital and rapidly developing companies.
These exceptional appointments will bring invaluable insight and
support the Company in its next stages of growth."
For further information:
+44 (0)20 7638
RM2 International S.A. 9571
Kevin Mazula, Chief Executive Officer
Jean-Francois Blouvac, Chief Financial Officer
Strand Hanson Limited (Nominated & Financial +44 (0)20 7409
Adviser and Broker) 3494
James Spinney / Ritchie Balmer / James Bellman
+44 (0)20 7638
Citigate Dewe Rogerson (Financial PR) 9571
Ellen Wilton
Elizabeth Kittle
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014.
Notes to Editors
RM2 International S.A. specialises in pallet development,
manufacture, supply and management to establish a leading presence
in global pallet supply and improve the supply chain of
manufacturing and distribution businesses through the effective and
efficient use and management of composite pallets. It is quoted on
the AIM market of the London Stock Exchange under the symbol RM2.L.
For further information, please visit www.rm2.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
CNTLRMPTMBIBBFP
(END) Dow Jones Newswires
September 18, 2018 02:00 ET (06:00 GMT)
Rm2 (LSE:RM2)
Historical Stock Chart
From Apr 2024 to May 2024
Rm2 (LSE:RM2)
Historical Stock Chart
From May 2023 to May 2024