RM2 International SA Significant new agreement (4048M)

TIDMRM2

RNS Number : 4048M

RM2 International SA

13 October 2016

13 October 2016

RM2 International S.A.

Significant new agreement

RM2 (LSE-AIM: RM2), the sustainable composite pallet innovator, is pleased to announce that it has received a commitment from a global leader in temperature-controlled warehousing and logistics to the food industry, for the deployment of RM2 pallets and management of the company's pallet pool. The deployment of pallets will start immediately and based upon the success of the initial locations, the business is projected to encompass the company's North American network. It is anticipated that the agreement will require over 200,000 pallets.

John Walsh, CEO of RM2, commented: "When we announced the manufacturing agreement with Jabil in September this year, we noted that there were a number of deals under negotiation. Today's agreement is the first of these announcements and is a significant agreement with a major corporation further demonstrating the effectiveness of RM2's innovative pallets across different industry sectors. We have worked with our client for several months and have been able to demonstrate the value that RM2's pallets can bring in an important sector for us."

 
                                  [phone] 
 RM2 International S.A.            1412 
 John Walsh, Chief Executive 
  Officer 
  Jean-Francois Blouvac, Chief 
  Financial Officer 
 
                                  [phone] 
 RBC Capital Markets               4000 
 Tristan Lovegrove 
  Jonathan Hardy 
 Ema Jakasovic 
                                  [phone] 
 Citigate Dewe Rogerson            9571 
 Simon Rigby 
  Rob Newman 
  Ellen Wilton 
 

Notes to Editors

RM2 International S.A. specialises in pallet development, manufacture, supply and management to establish a leading presence in global pallet supply and improve the supply chain of manufacturing and distribution businesses through the effective and efficient use and management of composite pallets. It is quoted on the AIM market of the London Stock Exchange under the symbol RM2.L.

For further information, please visit www.rm2.com

This information is provided by RNS

The company news service from the London Stock Exchange

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October 13, 2016 02:00 ET (06:00 GMT)