31 January 2024
Directa
Plus plc
("Directa Plus", the
"Group" or the "Company")
Contract
win with FORD Otosan in Romania for €1.9m
Directa Plus PLC (AIM: DCTA), a
leading producer and supplier of graphene nanoplatelets based
products for use in consumer and industrial markets,
announces its environmental services subsidiary, Setcar S.A.
("Setcar"), has renewed its contract with FORD Otosan, an
automotive business in Romania owned by Ford Motor Company, to
deliver Total Waste Management Services (TWM) for a total value of
€1.9m, all of which will be invoiced in 2024.
Following the acquisition of Setcar, the Group signed
its first contract with FORD Otosan in 2020, and since then has
increased the annual contract value by a total of c. 46%. This new
contract will see Setcar provide a TWM service including waste
disposal, transportation, treatment, recycling, equipment, and
personnel, as well as leverage the use of the Group's
Grafysorber®
technology.
This is the fifth time the Group has renewed its
contract with FORD Otosan, demonstrating its importance as part of
FORD Otosan's sustainability strategy and the appetite for the
Group's technology across its Environmental
vertical.
Commenting on this
Giulio Cesareo, founder & CEO of Directa Plus, said:
"We're excited to continue our
work with FORD Otosan to support its waste disposal programme,
which demonstrates the continued appetite for Setcar's services and
illustrates the potential for growth in our key Environmental
vertical."
For further information please visit or
contact:
Directa Plus
plc
|
+39 02 36714458
|
Giulio Cesareo, CEO
|
|
Giorgio Bonfanti, CFO
|
|
|
|
Cavendish
Capital Markets Limited (Nominated Adviser and
Joint Broker)
|
+44 131 220 6939
|
Neil McDonald
|
|
Adam Rae
|
|
|
|
Singer Capital
Markets Securities Limited (Joint
Broker)
|
+44 20 7496 3069
|
Rick Thompson
|
|
Phil Davies
|
|
|
|
Alma Strategic
Communications (Financial PR
Adviser)
|
+44 20 3405 0205
|
Justine James
|
directaplus@almastrategic.com
|
Hannah Campbell
|
|
Kinvara Verdon
|
|
Notes to
Editors
Directa Plus (www.directa-plus.com) is one of
the largest producers and suppliers of graphene-based products for
use in consumer and industrial markets. The Company's graphene
manufacturing capability uses proprietary patented technology based
on a plasma super expansion process. Starting from natural
graphite, each step of Directa Plus' production process -
expansion, exfoliation and drying - creates graphene-based
materials and hybrid graphene materials ready for a variety of uses
and available in various forms such as powder, liquid and
paste.
This proprietary production process uses a
physical process, rather than a chemical process, to process
graphite into pristine graphene nanoplatelets, which enables
Directa Plus to offer a sustainable, non-toxic product, without
unwanted by-products.
Directa Plus' products are made of hybrid
graphene materials and graphene nano-platelets. The products
(marketed as G+(R)) have multiple applications due to its
properties. These G+(R) products can be categorised into various
families, with different products being suitable for specific
practical applications.
Directa Plus was established in 2005 and is
based in Lomazzo (Como, Italy) and has been listed on the AIM
market of the London Stock Exchange since May 2016. Directa Plus
holds the Green Economy Mark from London Stock Exchange which
recognises companies that contribute to the global green
economy.