Strategic Agreements

RNS Number : 4233I

ULS Technology PLC

09 December 2015

 

ULS Technology plc

(The "Group" or the "Company")

Strategic Agreements

Strategic Agreements with a UK Challenger Bank and Top 5 UK House Builder

ULS Technology plc (AIM: ULS), the provider of online B2B platforms for the UK conveyancing and financial intermediary markets, announces it has signed two strategic agreements with new business partners.

The first agreement is with a leading challenger bank in the UK and supports the Company's stated strategy of growing its market share of the conveyancing market through securing new agreements with lenders in the UK.

The second agreement is with one of the UK's top 5 housebuilders and reflects a new initiative by the Company to penetrate the new build conveyancing markets through direct agreements with house builders.

Ben Thompson, Chief Executive of ULS Technology plc, commented: "I am pleased to announce we have reached agreement to launch our conveyancing service with these two strategic partners. In aggregate, these two agreements are expected to increase the Company's new instruction pipeline to further expand our share of the UK conveyancing market."

Enquiries:

ULS Technology plc	Tel: [phone]
Peter Opperman, Chairman
Ben Thompson, CEO
John Williams, Finance Director
Numis Securities Limited (Nomad & Broker)	Tel: [phone]
Stuart Skinner / Paul Gillam, Corporate Advisory
James Serjeant, Corporate Broking
Walbrook PR Limited	[e-mail]
Paul Cornelius	or Tel: [phone]
Helen Cresswell

 

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