Contract Win

RNS Number : 1706P

Sagentia Group PLC

29 September 2011

 



29 September 2011

Sagentia Group plc

("Sagentia" or the "Company")

Contract Win

Sagentia Group plc (AIM:SAG), the outsource technology R&D company, has signed a multi-year contract with a major US consumer company to provide outsourced R&D services, including new product development.  The value of the contract is approximately US$10 million over the initial term of three years and follows a number of successful projects that Sagentia has undertaken for the client in the current year.

Over the past 18 months, Sagentia has been evolving from a project-oriented consultancy to becoming a strategic partner with its major customers.  This strategy, which has also been successful in the Medical sector, improves forward demand visibility, resource scheduling and reduces the cost of sale, enabling Sagentia to be more competitive in the market and provide even better value and service to its strategic customers.  This new contract is a major progression of this strategy within the Group's Consumer sector.

- Ends -

For further information:

Sagentia Group plc
Martyn Ratcliffe, Chairman
Brent Hudson, Chief Executive	Tel: [phone]
Neil Elton, Finance Director	www.sagentia.com

Numis Securities Limited
Nominated Adviser: Oliver Cardigan / Simon Willis Corporate Broking: James Serjeant	Tel: [phone]

Media enquiries:

Abchurch
Henry Harrison-Topham / Jamie Hooper	Tel: [phone]
[e-mail]	www.abchurch-group.com

 

END

 

 

CNTLLMFTMBTTMIB