REG - Directa Plus PLC - Contract win with FORD Otosan

Directa PlusAnnouncement

31/01/2024 07:00

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RNS Number : 4401B  Directa Plus PLC  31 January 2024

31 January 2024

 

Directa Plus plc

("Directa Plus", the "Group" or the "Company")

 

Contract win with FORD Otosan in Romania for €1.9m

 

Directa Plus PLC (AIM: DCTA), a leading producer and supplier of graphene
nanoplatelets based products for use in consumer and industrial markets,
announces its environmental services subsidiary, Setcar S.A. ("Setcar"), has
renewed its contract with FORD Otosan, an automotive business in Romania owned
by Ford Motor Company, to deliver Total Waste Management Services (TWM) for a
total value of €1.9m, all of which will be invoiced in 2024.

Following the acquisition of Setcar, the Group signed its first contract with
FORD Otosan in 2020, and since then has increased the annual contract value by
a total of c. 46%. This new contract will see Setcar provide a TWM service
including waste disposal, transportation, treatment, recycling, equipment, and
personnel, as well as leverage the use of the Group's Grafysorber®
technology.

 

This is the fifth time the Group has renewed its contract with FORD Otosan,
demonstrating its importance as part of FORD Otosan's sustainability strategy
and the appetite for the Group's technology across its Environmental
vertical.

 

Commenting on this Giulio Cesareo, founder & CEO of Directa Plus, said:
"We're excited to continue our work with FORD Otosan to support its waste
disposal programme, which demonstrates the continued appetite for Setcar's
services and illustrates the potential for growth in our key Environmental
vertical."

 

For further information please visit or contact:

 

 Directa Plus plc                                                        +39 02 36714458
 Giulio Cesareo, CEO
 Giorgio Bonfanti, CFO

 Cavendish Capital Markets Limited (Nominated Adviser and Joint Broker)  +44 131 220 6939
 Neil McDonald
 Adam Rae

 Singer Capital Markets Securities Limited (Joint Broker)                +44 20 7496 3069
 Rick Thompson
 Phil Davies

 Alma Strategic Communications (Financial PR Adviser)                    +44 20 3405 0205
 Justine James                                                           directaplus@almastrategic.com
 Hannah Campbell
 Kinvara Verdon

 

 

Notes to Editors

 

Directa Plus (www.directa-plus.com) is one of the largest producers and
suppliers of graphene-based products for use in consumer and industrial
markets. The Company's graphene manufacturing capability uses proprietary
patented technology based on a plasma super expansion process. Starting from
natural graphite, each step of Directa Plus' production process - expansion,
exfoliation and drying - creates graphene-based materials and hybrid graphene
materials ready for a variety of uses and available in various forms such as
powder, liquid and paste.

 

This proprietary production process uses a physical process, rather than a
chemical process, to process graphite into pristine graphene nanoplatelets,
which enables Directa Plus to offer a sustainable, non-toxic product, without
unwanted by-products.

 

Directa Plus' products are made of hybrid graphene materials and graphene
nano-platelets. The products (marketed as G+(R)) have multiple applications
due to its properties. These G+(R) products can be categorised into various
families, with different products being suitable for specific practical
applications.

 

Directa Plus was established in 2005 and is based in Lomazzo (Como, Italy) and
has been listed on the AIM market of the London Stock Exchange since May 2016.
Directa Plus holds the Green Economy Mark from London Stock Exchange which
recognises companies that contribute to the global green economy.

 

 

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