New Contract

RNS Number : 6689Q

Biome Technologies PLC

19 June 2015

 



19 June 2015

Biome Technologies plc

("Biome", "the Company")

Contract awarded to RF Division

Biome is pleased to announce that its Stanelco RF Technologies division has signed a £1.1m contract with a customer in Asia for the manufacture of a set of fibre optic furnaces for supply during 2015.

It was noted in the Group's trading update on 27 April 2015 that there were encouraging signs that the supply demand balance in the Asian fibre optic market was changing and that the division was quoting on a number of systems with potential customers who were considering new capacity.

This order is indicative of the improvement in market conditions and gives significant underpinning to the Board's expected outcome for this division in 2015.

-Ends-

For further information please contact:

Biome Technologies plc
Paul Mines, Chief Executive Officer
www.biometechnologiesplc.com	Tel: [phone]
Allenby Capital
David Hart/Alex Brearley (Nominated Adviser) Chris Crawford/Kelly Gardiner (Broker)
www.allenbycapital.com	Tel: [phone]
FTI Consulting
Oliver Winters www.fticonsulting.com	Tel: [phone]

 

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