Contract for Stanelco RF Technologies Division

RNS Number : 0089D

Biome Technologies PLC

24 March 2014

24^th March 2014

Biome Technologies plc

Contract for Stanelco RF Technologies Division

Biome Technologies is pleased to announce that its Stanelco Radio Frequency (RF) Technologies Division has today signed a contract with a substantive customer from a regulated industry sector in the UK to supply advanced analytical equipment based on the Group's induction heating technology.

The RF Division is a specialist designer and manufacturer of induction heating and welding equipment serving a number of industrial sectors on a global basis. This contract is for supply of equipment and is expected to generate revenues of over £1.5m during a two year period. Receipts of approximately one quarter of contract value are expected to be received during 2014.

Paul Mines, Chief Executive, commented:

"This important contract enhances the order-book of our RF Technologies Division and underpins the Group's revenue growth plans. It is encouraging to see the Division broadening its applications base"

For further information please contact:

Biome Technologies plc

Paul Mines, Chief Executive Officer

www.biometechnologiesplc.com Tel: +44 (0) 2380 867 100

Daniel Stewart & Company plc

David Hart

www.danielstewart.co.uk Tel: +44 (0) 20 7776 6550

Allenby Capital

Chris Crawford/Kelly Gardiner

www.allenbycapital.com Tel: +44 (0) 20 3328 5656

FTI Consulting

Oliver Winters Tel: +44 (0) 20 3727 1535