Factory Update

RNS Number : 9173C

Verditek PLC

24 June 2021

 

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (MAR), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

24 June 2021

Verditek PLC

("Verditek" or the "Company")

Factory Update

Verditek plc, (AIM:VDTK), the international green technology company that develops, manufactures and sells lightweight solar panels, wishes to update the market on developments at the Company's factory in Lainate, near Milan in Italy.

The Company has been subject to a theft from its facility at Lainate. The Company has conducted a physical stock check which indicates a shortfall against book stock of approximately £300,000. The local police have been informed and have commenced a criminal case. Further updates will be provided to the market as appropriate.

For further information:

Verditek plc
Rob Richards, CEO Tim Bowen, CFO WH Ireland Limited - NOMAD and Broker	Tel: [phone]
Chris Hardie Matthew Chan	Tel: [phone]

About Verditek plc:

AIM listed Verditek plc is a holding company with three businesses operating within the green technology sector. The Company is focused on commercializing our lightweight low-profile solar panel business. With manufacturing based in Lainate Italy, we have developed renewable power solutions for our customers, that drive solar energy into applications previously unachievable. The exceptional properties of our solar panels replace diesel fuel in business such as perishable goods transport, off-grid telecommunication towers, electric vehicle charging stations, residential and holiday home power solutions and solar roofing for light-weight industrial roofing. In addition to our current PV panels in production, we have partnered with an outstanding leader in graphene technology, Paragraf. We are working together to engineer the technology for commercialization.

Verditek provides compelling commercial solutions that help to make our customer's businesses sustainable.

For more information please visit:  https://verditek.com/

 

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