Romag Wins GBP10m Contract
14 Junho 2010 - 11:19AM
UK Regulatory
TIDMROM
RNS Number : 5825N
Romag Holdings PLC
14 June 2010
14 June 2010
Romag Wins GBP10m Contract with Community Energy Solutions
Romag Holdings Plc ('Romag' or 'the Group') is pleased to announce that the
Group has been awarded a contract by Community Energy Solutions (CES) to provide
solar photovoltaic (PV) modules and roof mount kits. The contract, which is
worth up to GBP10.2m in revenue to the Group in the coming financial year
(ending 30 September 2011), was awarded to Romag after they beat 12 other
bidders in a European Tendering Process.
CES is a non-profit distributing organisation based in the North East of England
which is driving the uptake of micro-generation renewable technology in the
region. The photovoltaic equipment contracted from Romag will be used in
approximately 2000 PV systems in homes and properties across the North East,
Yorkshire and Humberside that will be installed within the next two years.
David Banks, Finance Director of Romag Holdings said:
"We are delighted to have won the tender process and signed this very
substantial contract with CES. We have been experiencing a higher level of
enquiries for this kind of micro-generation system since the implementation of
the UK Feed-in Tariff in April this year and it is extremely pleasing to see
that interest materialise into a major agreement like this. As a company we have
always tried to respond to market needs and demands and the new 'PV solar kits'
that we have developed for CES is a prime example of this approach coming to
fruition."
Enquiries:
Romag Holdings plc 01205 500 000
David Banks
Kreab Gavin Anderson 0207 074 1800
Ken Cronin
Michael Turner
Natalie Biasin
Arbuthnot Securities 0207 012 2000
Antonio Bossi
Tom Griffiths
This information is provided by RNS
The company news service from the London Stock Exchange
END
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