REG - Biome Technologies - Contract progress for RF Technologies Business <Origin Href="QuoteRef">BG.L</Origin> <Origin Href="QuoteRef">BIOM.L</Origin> <Origin Href="QuoteRef">XCH.L</Origin>

Biome TechnologiesAnnouncement

06/09/2014 22:42

For best results when printing this announcement, please click on the link
below:

http://pdf.reuters.com/Regnews/regnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20140731:nRSe8031Na


RNS Number : 8031N
Biome Technologies PLC
31 July 2014 
 
31 July 2014 
 
Biome Technologies plc 
 
("Biome", "the Company" or "the Group") 
 
Contract progress for RF Technologies Business 
 
Biome Technologies plc is pleased to announce an important milestone in its
Stanelco RF Technologies Division's work with Durapipe UK in the design of an
innovative portable induction welding system. Following extensive pre-market
testing by the customer, an order has been placed for ten pre-production units
for a total value of £0.1m for delivery in the fourth quarter of 2014. 
 
In January 2012, Biome first announced an initial development contract with
Durapipe UK. The development contract, extended in scope, is now complete and,
following delivery, the pre-production units will undergo in-market testing. 
 
The new portable welding device will work with Durapipe's new pipe system that
is receptive to the use of induction heating technology. The welding
equipment, developed by Stanelco RF Technologies, will allow installers in the
field to join pipes and fittings quickly, cleanly and without the use of
solvent based adhesives. 
 
Biome and Durapipe UK believe this project has the potential to generate
significant revenues for both parties in future years.  This milestone
represents substantial progress towards commercialisation of the technology at
scale. 
 
-Ends- 
 
For further information please contact: 
 
 Biome Technologies plc                                                           
 Paul Mines, Chief Executive Officer                                              
 Declan Brown, Group Finance Director                                             
 www.biometechnologiesplc.com                          Tel: +44 (0) 2380 867 100  
                                                                                  
 Daniel Stewart & Company plc                                                     
 David Hart (Nominated Adviser)Mark Treharne (Broker)                             
 www.danielstewart.co.uk                               Tel: +44 (0) 20 7776 6550  
                                                                                  
 Allenby Capital                                                                  
 Chris Crawford/Kelly Gardiner                                                    
 www.allenbycapital.com                                Tel: +44 (0) 20 3002 2070  
                                                                                  
 FTI Consulting                                                                   
 Oliver Winterswww.fticonsulting.com                   Tel: +44 (0) 20 3727 1535  
 
 
This information is provided by RNS
The company news service from the London Stock Exchange