25th Apr 2019 13:02
LONDON (Alliance News) - Verditek PLC on Thursday said it has signed a framework agreement with Engenera Renewables Ltd to advance commercial opportunities and jointly provide end-to-end solar solutions to clients.
The stock was trading 7.6% higher on Thursday at 5.65 pence a share.
Under the agreement the two firms have agreed to work together to source, tender, finance and create renewable energy generation projects.
The filtration and absorption technology company said it is developing opportunities for its lightweight and semi-flexible solar panels manufactured in Italy. Meanwhile, Engenera has developed a four-step process to help businesses reduce energy bills and their carbon footprint.
Together the two companies can offer a tailored solution that helps remove the threat of volatile utility prices and provides businesses with a ready-made solution and predictable savings, Verditek said.
"Putting our relationship in place is a natural union of two companies striving for the same result; delivering sensible no-nonsense energy solutions for clients and investors," said Verditek Chief Executive Geoff Nesbitt.
"By working together it was obvious that we could make a significant impact in both the private and investor markets," added Engenera CEO Bryan Glendinning.
Related Shares:
VDTK.L