REG - Made Tech Group PLC - New contract with the Department for Education

Made TechAnnouncement

16/09/2024 07:00

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RNS Number : 2136E  Made Tech Group PLC  16 September 2024

 

16th September 2024

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of
MAR.

 

 

MADE TECH GROUP PLC

("Made Tech" or "the Group")

 

Made Tech awarded £13.2m contract with the Department for Education

 

Made Tech, a leading provider of digital, data, and technology services to the
UK public sector, is pleased to announce that it has been awarded a contract
with the Department for Education ("DfE"), worth c. £13.2m over a four-year
period, with an option for the DfE to extend for a fifth year, valued at c.
£3.3m. The initial contribution from this contract is expected to be
recognised in the current financial year.

 

The Group will provide digital, data, and managed service capabilities to
support the Standards and Testing Agency (STA), an arm's-length body within
the DfE, in launching national curriculum assessments for pupils in primary
school. The initial focus of this contract is the delivery of the Reception
Baseline Assessment, a new government initiative to monitor pupil progress,
scheduled for rollout in April 2025.

 

Rory MacDonald, CEO of Made Tech, said:

 

"We are pleased that the Department for Education has chosen to partner with
us once again, and expand our relationship across multiple service lines,
demonstrating their confidence in our ability to deliver critical digital
solutions and reinforcing our reputation in the market. The award of this
contract helps underpin our revenue expectations for FY25."

 

Enquiries:

 

 Made Tech Group plc                                      via Rawlings Financial

 Rory MacDonald, CEO

 Neil Elton, CFO
 Singer Capital Markets (Nominated Adviser & Broker)      Tel: +44 (0) 20 7496 3000

 Jennifer Boorer / Asha Chotai
 Rawlings Financial PR Limited                            Email: madetech@rfpr.co.uk

 Cat Valentine                                            Tel: +44 (0) 7715 769078

 

About Made Tech

 

Made Tech is a provider of digital, data and technology services, which enable
central government, healthcare, local government organisations and other
regulated industries to digitally transform.

 

Made Tech's purpose is to "positively impact the future of society by
improving public services technology". To achieve this the company has four
key strategic missions: Modernise legacy technology and working practices;
Accelerate digital service and technology delivery; Drive better decisions
through data and automation; and Enable technology and delivery skills to
build better systems.

 

The Group operates from four locations across the UK - London, Manchester,
Bristol, and Swansea.

 

More information is available at https://investors.madetech.com/
(https://investors.madetech.com/)

 

 

 

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