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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Straight | LSE:STT | London | Ordinary Share | GB0033695486 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 77.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMSTT RNS Number : 0332E Straight PLC 14 December 2009 Date: 14 December 2009 On behalf of: Straight plc ("Straight" or "the Group") For immediate release Straight plc * Contract Wins Straight plc (AIM: STT), the environmental products and services group, is pleased to announce that it has been awarded contracts by four local councils in England to supply kitchen caddy food waste containers and compostable food waste bags. The contracts are worth a total of GBP1.3 million. Seven and 23 litre kitchen caddies will be supplied to 56,000 properties in Gloucester, 36,000 in Tewkesbury and 57,000 properties in Newcastle Under Lyme. The Group is also supplying 120,000 seven litre caddies with ventilated lids and 18 million compostable liners to Stockport Metropolitan Borough Council. The ventilated system allows moisture in food waste to evaporate, reducing the weight and volume of material for collection. All of Straight's kitchen caddies are exclusively manufactured for Straight in the UK and encourage householders to separate food waste in their kitchens for collection at the kerbside and subsequent composting or anaerobic digestion. Commenting on the news, Jonathan Straight, Chief Executive of Straight plc, said: "We are delighted to be helping more local authorities enhance their recycling performance through the addition of source separated food waste collection. "Separating food from household waste is important as it allows councils to collect residual waste on a fortnightly basis, which saves them money. Separating food waste also allows councils to use it to generate renewable energy and make compost, which are both financially and environmentally beneficial activities." For further information, please contact +-----------------------------------------------+---------------------------+ | Straight plc | | +-----------------------------------------------+---------------------------+ | Jonathan Straight, Chief Executive | 0113 245 2244 | +-----------------------------------------------+---------------------------+ | | | +-----------------------------------------------+---------------------------+ | Panmure Gordon | | +-----------------------------------------------+---------------------------+ | Andrew Godber | 0207 459 3600 | +-----------------------------------------------+---------------------------+ | | | +-----------------------------------------------+---------------------------+ | Redleaf Communications | | +-----------------------------------------------+---------------------------+ | Paul Dulieu / Kathryn Hurford | 0207 566 6700 | +-----------------------------------------------+---------------------------+ Notes to Editors * Straight plc is the UK's leading supplier of specialist kerbside recycling containers as well as a key supplier of a broad range of waste and recycling container solutions. Founded in 1993 by the current Chief Executive, Jonathan Straight, the business has since supplied more than 12 million kerbside recycling boxes to local authorities across the UK, securing its position as the industry leader. * In 2005, Straight acquired Blackwall Limited, the UK's largest supplier of home composters and water butts. Through the Blackwall brand, Straight has delivered more than 3.5 million compost bins and water butts. * The business operates through two divisions. The core Trade Business supplying products in bulk to local authorities, utilities, the waste industry, retailers and other businesses and the Retail Business supplying a range of proprietary environmentally friendly consumer products directly to the public, often in partnership with a local authority or a utility. * Straight operates a radical business model with all manufacture outsourced on an international basis. Most production is local to the end market keeping freight movements and associated emissions to a minimum. * In February 2009, Straight added to its portfolio with the acquisition of Harcostar Garden Products, a long established premium brand consisting of water butts, compost bins, watering cans and accessories. This has gained new distribution channels for the business in the UK and in Europe. * Straight plc has established diverse overseas sales channels and is now producing and selling water butts in Australia as well as strong initial sales in the United States and Canada. * Further information about the company and its products can be found at: www.straight.co.uk This information is provided by RNS The company news service from the London Stock Exchange END CNTLXLLFKLBLFBB
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