Verditek PLC Supply Agreement with Lindab Profil AB
17 March 2023 - 6:00PM
RNS Non-Regulatory
TIDMVDTK
Verditek PLC
17 March 2023
17 March 2023
Reach
Verditek PLC
("Verditek" or the "Company")
Supply Agreement with Lindab Profil AB (STO:LIAB)
Verditek is pleased to announce that it has signed an exclusive
supply agreement (the "Agreement") with Lindab Profil AB
("Lindab"), a Swedish company engaged in the development,
manufacture and sale of building products and in particular roofing
systems, for a term of 3 years. The agreement has no minimum
purchasing obligations for Lindab and there is no guarantee that
Lindab will place any orders. However, Verditek has already
supplied over EUR100k worth of panels to Lindab for a number of
projects as well as supply panels for a test and demonstration
installation at their home factory in Forslov, Sweden.
Lindab will integrate the panels with Lindab's roofing systems
and will market and sell the panels to its customers in Nordic and
Eastern European Markets.
Verditek have granted Lindab exclusivity for selling building
integrated photovoltaics (incorporating Verditek's panels) in the
Nordic countries and Eastern Europe (specifically Bulgaria, Poland,
Hungary, Czech Republic, Romania or Slovakia). This exclusivity is
conditional on Lindab achieving a target volume of panels of 850kw
in 2023.
For further information:
Verditek plc
Rob Richards, CEO Tel: +44 (0)20 7129 1110
John McCall, Interim CFO
WH Ireland Limited - NOMAD and Broker
Chris Hardie Tel: +44 (0)20 7220 1666
Hugh Morgan
Andrew de Andrade
About Verditek plc
AIM listed Verditek plc is a holding company of a business
operating within the green technology sector. The Company is
focused on commercialising our lightweight low-profile solar panel
business. With manufacturing based in Lainate Italy, we have
developed renewable power solutions for our customers that drive
solar energy into applications previously unachievable. The
exceptional properties of our solar panels replace diesel fuel in
business such as perishable goods transport, off-grid
telecommunication towers, electric vehicle charging stations,
residential and holiday home power solutions and solar roofing for
light-weight industrial roofing. In addition to our current
photovoltaic panels in production, we have partnered with an
outstanding leader in graphene technology, Paragraf. We are working
together to engineer the technology for commercialisation.
For more information please visit or contact the following:
https://verditek.com/
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