Contract win with FORD Otosan

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	[phone]
Giulio Cesareo, CEO
Giorgio Bonfanti, CFO
Cavendish Capital Markets Limited (Nominated Adviser and Joint Broker)	[phone]
Neil McDonald
Adam Rae
Singer Capital Markets Securities Limited (Joint Broker)	[phone]
Rick Thompson
Phil Davies
Alma Strategic Communications (Financial PR Adviser)	[phone]
Justine James	[e-mail]
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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