Partnership with Lindsay Corp

RNS Number : 0639R

SigmaRoc PLC

26 February 2019

 

SigmaRoc plc / EPIC: SRC / Market: AIM / Sector: Construction & Materials

26 February 2019

SigmaRoc plc

('SigmaRoc', the 'Company' or the 'Group')

Partnership with Lindsay Corp for Production and Marketing of the Road Zipper System® Traffic Management Solution

SigmaRoc plc, the AIM-quoted buy-and-build construction materials group, is pleased to announce its partnership with, Lindsay Corporation ('Lindsay'), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, for the exclusive licensing of the EN-compliant Road Lindsay's Road Zipper System, consisting of T-shaped moveable barriers that are connected to form a continuous wall, which is used globally and accepted by many highways agencies, including Highways England.

Using a conveyor wheel system, the Road Zipper System combines safety standards of permanent concrete barriers with the flexibility of traffic cones. The Road Zipper System is used to re-position the barrier at up to ten km per hour, creating a moveable "zipper lane". Permanent uses include iconic locations such as the San Francisco Golden Gate Bridge and Auckland Harbour Bridge for safe traffic management during peak hours. Temporary uses include construction management in the UK where the Sevenoaks bypass traffic delays were reduced significantly.

The Road Zipper System is a natural addition to the products offered by SigmaRoc's wholly owned subsidiary, Poundfield Products Ltd, complementing its patented retaining walls and expertise in delivering high performance projects with local barrier production. SigmaRoc expects to work with Highway Care Ltd and leverage their expertise in installation and maintenance of the Road Zipper System. Lindsay expects to continue to work with its valued partners at Highway Care, where both businesses are aligned and have mutually beneficial interests.

About Lindsay Corporation:

Linsay (LNN: NYSE) is a New York Stock Exchange quoted manufacturing group with $1bn Market Capitalisation. Founded in 1955, Lindsay has been at the forefront of research and the development of products and services designed to meet the needs of our constantly evolving world. Lindsay's infrastructure division offers a wide range of products that aid in roadway maintenance and transportation safety. Lindsay manufactures moveable road barriers and barrier transfer machines, energy-absorbing crash cushions, specialty barriers for work areas or construction zones, road marking materials, railroad signaling structures, and other safety-related products. Lindsay's roadway infrastructure products are sold through more than 70 dealers globally, while railroad products are sold directly to the major railroad companies in the United States.

Michael Klatt, Lindsay's VP Global Sales, Infrastructure commented: "Our distribution partnership with SigmaRoc for Road Zipper System sales and barrier production positions Lindsay to best serve and support the UK market to meet agency and contractors needs for increased safety and mobility."

Max Vermorken, CEO of SigmaRoc, commented: "This new international partnership again shows how SigmaRoc embraces innovation and partnerships; utilising our skills and assets to develop new business opportunities and revenue streams. We look forward to making a success of the Road Zipper System and continuing on our strategy of Invest, Improve, Integrate."

Michael Roddy, MD of SigmaPPG, commented: "I am excited by the opportunity that the Road Zipper System brings to not only our business but also our customers as we continue to drive "Innovation in Concrete". We are already in discussions with existing and potential new clients and see this as being a new approach for the UK in optimising national infrastructure and ensuring safety on roads for users and contractors alike".

Further information can be found on Lindsay's website at www.lindsay.com or SigmaRoc's website at www.sigmaroc.com

Enquiries:

SigmaRoc	Tel: [phone]
Max Vermorken, CEO
Strand Hanson (Nominated and Financial adviser)	Tel: [phone]
James Spinney / James Dance
Liberum Capital (Joint Broker)	Tel: [phone]
Neil Patel / Jamie Richards / Jonathan Wilkes-Green / William Hall
Berenberg (Joint Broker)	Tel: [phone]
Ben Wright / Mark Whitmore / Laure Fine
Investor Relations	Tel: [phone]
Ian Osburn / Ben Feder

 

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