Prototype Delivery for Stanelco RF Technologies

RNS Number : 9407K

Biome Technologies PLC

29 August 2012

 



29 August 2012

Biome Technologies plc ("Biome", "the Company" or "the Group")

Prototype Delivery for Stanelco RF Technologies

Biome Technologies is pleased to announce that its Stanelco RF Technologies ("Stanelco RF") division has successfully delivered the first prototype portable welding device to Durapipe UK Ltd as required under the development contract announced on 10 January 2012.

This innovative portable welding unit is designed to work with Durapipe's new plastic pipe system which contains a steel layer and consequently allows induction heating technology to be used.  The innovative welding equipment, developed by Stanelco RF, will allow installers in the field to join pipes and fittings quickly, cleanly and without the use of adhesives.

The project has now progressed to an advanced phase, with a quantity of pre-production equipment due for delivery in the fourth quarter of this year.  As previously disclosed, the development contract is expected to lead to a multi-year manufacture and supply contract between Stanelco RF and Durapipe, which is expected to generate revenues in excess of £2m over a three to four year period.

Paul Mines, Chief Executive of Biome Technologies, commented:

"We have now delivered on an important milestone in this exciting project that broadens the activities of our Stanelco RF division into a new industry sector and further underpins Biome's growth strategy."

-Ends-

For further information please contact:

Biome Technologies plc                                              

Paul Mines, Chief Executive Officer

Declan Brown, Group Finance Director

www.biometechnologiesplc.com                                               Tel: [phone]

Daniel Stewart & Company plc                        

David Hart/Jamie Barklem

www.danielstewart.co.uk                                                          Tel: [phone]

First Columbus

Chris Crawford/Kelly Gardiner                                    

www.first-columbus.com                                                          Tel: [phone]

FTI Consulting                                                 

Oliver Winters/Latika Shah                                                       Tel: [phone]

 

END

 

 

NRADVLFLLVFFBBD