Biome Technologies plc (LON:BIOM), a leading bioplastics and radio frequency technology business, is pleased to announce that its RF Technologies division (www.stanelcorftechnologies.com) has been awarded a further contract win. The contract has a revenue value of £536,000 to supply two radio frequency welding systems for use by an international corporation in the medical supply sector.
The Systems will use a modular machine platform which integrates automation and RF welding. They will be built and tested at the Company’s Marchwood, UK, facility and subsequently combined with other production line equipment supplied by the end-customer’s chosen contractor before final installation in a UK facility. Completion of the Systems is scheduled within the 2024 financial year, with stage payments being received against milestones during the contract.
This contract is one of the opportunities for the RF Technologies Division indicated in our 11 March 2024 announcement and will contribute towards our Group expectations for 2024.
Paul Mines, CEO, commented, “This important order results from the division’s ongoing strategy of diversification beyond its traditional strength into new high-value medical market areas. The division continues to work on further potential opportunities and we remain confident in bringing another of these opportunities to a similar conclusion in the coming months.”
