13th Nov 2013 07:00
13 November 2013
EU Supply PLC
("EU Supply", the "Group", or the "Company")
Contract Wins
EU Supply PLC (LSE AIM: EUSP), the e-procurement SaaS provider, is pleased to announce that it has signed a contract with the Public Procurement Office ("PPO") of Lithuania to upgrade its existing Complete Tender Management™ ("CTM™") to a more current R6.9.6 version, which includes increased functionality and support for Java 7 based digital signing. EU Supply will also support the PPO in upgrading its infrastructure. The project, which has a value of approximately £180,000, is due to be completed before the end of 2013.
The Company is also pleased to announce that it has signed a contract directly with Jernbaneverket, Norway's National Rail Authority, previously its largest single indirect end customer in Norway, with a value of up to £120,000 over a two year period. The contract includes licence and support of its Tender Management and Contract Management solution.
Thomas Beergrehn, CEO of EU Supply, commented:
"We are delighted to have signed these two contracts in Lithuania and Norway. The agreement with the PPO of Lithuania has been reached sooner than we had thought, having previously expected it to start at the end of this year and complete in 2014. The revenues generated from this will underpin the management's forecasts for the year ending December 31 2013.
"We are also very pleased to have signed a direct agreement with Jernbaneverket, which is an encouraging endorsement of our software given that they were previously our largest single indirect end customer in Norway."
For further information please contact:
EU Supply PLC | Via Newgate Threadneedle |
Thomas Beergrehn, CEO | |
Mark Elliott, CFO | |
Westhouse Securities | Tel: 020 7601 6100 |
Tom Griffiths, Paul Gillam | |
Newgate Threadneedle | Tel: 020 7653 9850 |
Caroline Evans-Jones, Josh Royston, Hilary Millar |
Notes to Editors
EU Supply is the UK holding company of the EU Supply Group, a Sweden-based e-commerce business which has an established, market-leading, multilingual e-procurement platform for e-sourcing, e-tendering and contract management, tailored for the highly regulated European public sector market.
Since 2006, the Group has invested heavily in employing specialist programmers to add functionality, legal compliance as required and security features to its Complete Tender Management™ ("CTM™") platform to ensure that the Group is ideally placed to secure new contracts with EU Member States and their Contracting Authorities. The platform is available in 16 different languages.
The Directors believe that the Group's CTM™ platform is one of the easiest to use and most functionally advanced solutions available in the market.The CTM™ platform is used by over 6,500 European public sector bodies in 10 Member States and has National Procurement System status in four Member States (the UK, Ireland, Norway and Lithuania).
The Directors believe demand for e-procurement solutions in the EU public sector will grow as authorities seek to comply with expected legislation, reduce costs and seek better control and transparency of their procurement processes, therefore the Company is looking to recruit additional salespeople and bid management employees to market aggressively to prospective clients across the Member States.
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