REG - Biome Technologies - Contract win for Stanelco RF Division

Biome TechnologiesAnnouncement

30/09/2024 11:15

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RNS Number : 2484G  Biome Technologies PLC  30 September 2024

 

30 September 2024

 

Biome Technologies plc

("Biome", the "Company" or the "Group")

 

Contract win for Stanelco RF Division

 

Biome Technologies plc, a leading bioplastics and radio frequency technology
business, is pleased to announce that its RF Technologies division
(www.stanelcorftechnologies.com (http://www.stanelcorftechnologies.com) ) has
been awarded a contract to upgrade advanced analytical equipment that it has
supplied previously. This analytical equipment is based on the Group's
induction heating technology and was provided to an organisation in a UK
regulated industry sector following a contract announced on 24 March 2014.

 

This new contract is for the supply of specific equipment upgrades, to the
value of £193,000 and follows an initial design and scoping phase of £50,000
carried out in recent months. The majority of revenue recognition is expected
in 2025 and does not change the Board's view of expectations for that year.

 

-Ends-

 For further information please contact:
 Biome Technologies plc

 Paul Mines, Chief Executive Officer
 Donna Simpson-Strange, Company Secretary
 www.biometechnologiesplc.com  Tel: +44 (0) 2380 867 100

 Allenby Capital
 David Hart/Alex Brearley/Lauren Wright (Nominated Adviser)

 Kelly Gardiner/Tony Quirke (Sales and Corporate Broking)
 www.allenbycapital.com        Tel: +44 (0) 20 3328 5656

 

About Biome

Biome Technologies plc is an AIM listed, growth-orientated, commercially
driven technology group. Our strategy is founded on building market-leading
positions based on patented technology and serving international customers in
valuable market sectors. We have chosen to do this by developing products in
application areas where the value-added pricing can be justified and are not
reliant on government legislation. These products are driven by customer
requirements and are compatible with existing manufacturing processes. They
are market rather than technology-led.

 

The Group comprises two divisions, Biome Bioplastics ("Bioplastics") and
Stanelco RF Technologies Limited ("RF Technologies").

Biome Bioplastics is a leading developer of highly-functional, bio-based and
biodegradable plastics. The division's mission is to produce bioplastics that
challenge the dominance of oil- based polymers.

 

RF Technologies designs, builds and services advanced radio frequency (RF)
systems. Dielectric and induction heating products are at the core of a
product offering that ranges from portable sealing devices to large furnaces
for the fibre optics markets.

 

www.biometechnologiesplc.com (http://www.biometechnologiesplc.com)
www.biomebioplastics.com (http://www.biomebioplastics.com) and
www.thinkbioplastic.com (http://www.thinkbioplastic.com)
www.stanelcorftechnologies.com (http://www.stanelcorftechnologies.com)

 

 

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