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Share Name Share Symbol Market Type Share ISIN Share Description
Directa Plus Plc LSE:DCTA London Ordinary Share GB00BSM98843 ORD 0.25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.00 -1.3% 76.00 75.00 77.00 76.00 76.00 76.00 5,520 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Engineering 2.2 -2.9 -5.9 - 46

Directa Plus PLC Award of Waste Management Contract

13/07/2020 7:00am

UK Regulatory (RNS & others)


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RNS Number : 7345S

Directa Plus PLC

13 July 2020

13 July 2020

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE EU MARKET ABUSE REGULATION (596/2014). UPON THE PUBLICATION OF THE ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN .

Directa Plus plc

("Directa Plus" or the "Company")

Total Waste Management Contract with Cummins Romania

Directa Plus (AIM: DCTA), a leading producer and supplier of graphene nanoplatelets based products for use in consumer and industrial markets, announces that the Company's subsidiary Setcar S.A. ("Setcar") has signed a contract to supply total waste management services to Cummins Generator Technologies Romania S.A. ("Cummins Romania"), part of the Fortune 500 Cummins, Inc.

This is the third major contract win for Setcar since the completion of the acquisition by Directa Plus of 51 per cent of the company in November 2019. The value of the contract to Setcar is estimated to be approximately US$3 million over a period of three years, commencing 1 October 2020.

Cummins Romania offers a wide range of new and refurbished Cummins engines and power generation equipment, spare parts and qualified service for a wide range of applications across a broad spread of industries.

Setcar will provide Cummins Romania with a total waste management service including collection and management of the different types of waste generated during production - from oil and oil contaminated water to out of spec equipment, packaging, paints and metallic waste - while ensuring traceability throughout the entire process. Directs Plus's Grafysorber (R) technology will be used for the treatment of the oil and solvents contaminated waste and water, reducing the environmental impact compared to traditional waste disposal.

Commenting, Giulio Cesareo, Founder and CEO of Directa Plus, said: "This third major contract win since acquiring Setcar as a subsidiary illustrates the potential for growth in our key environmental vertical. We hope to demonstrate further market penetration in industrial and oil and gas markets as we continue to roll out Setcar's services during the remainder of 2020."

This announcement has been approved by Giulio Cesareo, Chief Executive, on behalf of the Company.

For further information please visit http://www.directa-plus.com/ or contact:

 
 Directa Plus plc                                      +39 02 36714458 
 Giulio Cesareo, CEO 
 Marco Ferrari, CFO 
 
 Cantor Fitzgerald Europe (Nominated Adviser 
  and Joint Broker)                                    +44 20 7894 7000 
 Rick Thompson, Philip Davies, Will Goode(Corporate 
  Finance) 
 
 N+1 Singer (Joint Broker)                             +44 20 7496 3069 
 Mark Taylor 
 
 Tavistock (Financial PR and IR)                       +44 20 7920 3150 
 Simon Hudson, Edward Lee 
 

About Setcar

Established in 1994, Setcar S.A. has focused since 2000 on providing a complete range of services to solve environmental issues in a safe and efficient way - from chemical analyses for waste identification to the development of tailored solutions for the waste treatment and by developing new technologies for the remediation of contaminated sites. Setcar's offering includes the decontamination of industrial plants and sites, soils contaminated with petroleum products, PCBs or other contaminants and petroleum and other hazardous waste in lagoons. The company offers its services both onshore and offshore.

About Directa Plus

Our focus is principally on the two sectors in which we have strong commercial advantage through developed and launched products and a technological lead: environmental (based on our Grafysorber(R) product) and textiles (based on our G+ products). In addition, we will continue to pursue opportunities in elastomers and composites (including tyres and asphalt), also using our G+ products. All our products are hypoallergenic, non-toxic and sustainably produced.

-ends-

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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July 13, 2020 02:00 ET (06:00 GMT)

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