Verditek PLC Renewal and Extension of Contract with Media One (9054W)
November 20 2017 - 2:00AM
UK Regulatory
TIDMVDTK
RNS Number : 9054W
Verditek PLC
20 November 2017
20 November 2017
Verditek PLC
("Verditek" or the "Company")
Renewal and Extension of Contract with Media One Following
Successful Completion of Trial
Verditek plc, (AIM: VDTK), the clean technology company,
announces that its 51% owned subsidiary, Greenflex Energy Limited
("Greenflex"), an Italian based manufacturing solar photovoltaic
("PV") technology company, has renewed and extended its contract
with Media One s.r.l. ("Media One"), one of Italy's largest out of
home advertising agencies, following the successful completion of
the initial trial contract.
The initial trial contract, which was won in a competitive
tender process, saw Greenflex supply and install its solar PV
technology at a bus shelter in the province of Rimini, Italy, in
September 2017. Following successful completion of the trial, the
Company has signed a contract with Media One to extend the supply
and installation of its solar PV material to approximately 20
further bus shelters along the Rimini-Riccione bus line in Italy as
this new line is completed.
Additionally, Media One has asked Greenflex for a proposal to
develop a solution for standalone out of home advertising such as
billboards which are currently not lit, enhancing the
attractiveness of this communication channel for potential
advertisers. The market opportunity within Italy's out of home
advertising is significant, with Media One alone operating
thousands of advertising billboards across the country.
Verditek's solar PV technology has significant product
innovations compared to competing technologies including
interconnectivity of individual PV cells, lightness and its unique
flexible design integrates the material into the design of the out
of home advertising units offering a greater level of security and
architectural integrity.
Verditek's CEO, Theo Chapman, said: "We are delighted to have
successfully completed this initial trial contract order with Media
One, which we believe has demonstrated our solar PV technology as a
best in class solution for solar power generation for multiple
industries.
"One of the main cost constraints in the rapid roll out of
digital advertising boards across Italy is the high cost of
connection to grid power. We have now shown that there is an
effective low-cost alternative that is clean and green and, most
importantly, allows the media owners to install and upgrade their
units to 24/7 advertising opportunities without having to wait to
be hooked up to the grid."
Media One Sales Director, Mr Marco Stefanelli, stated: "Our
objective is to always provide the best platform for our clients -
who are some of Italy's leading advertisers - to communicate with
their customers. It is so important that their brands and messages
appear in first class environments that are sustainable. Greenflex
products allow our clients to showcase their brands using the power
of the sun. That is a message that resonates with all of them.
"We are very pleased with Greenflex's ability to work with us to
create a solution that complements our existing investments in
media hardware and software and allows us to turn more of our
advertising sites into 24/7 advertising solutions".
Enquiries:
Verditek plc
+44 (0) 20 7129
Geoffrey Nesbitt (Non-Executive Chairman) 1110
Theodore Chapman (Chief Executive Officer) enquiries@verditek.plc.uk
Stockdale Securities Limited (NOMAD
and Broker)
Antonio Bossi +44 (0) 20 7601
Hanan Lee 6100
+44 (0) 7825 916
Yellow Jersey PR (PR & IR) 715
+44 (0) 7544 275
Georgia Colkin 882
Harriet Jackson +44 (0) 7951 402
Henry Wilkinson 336
Notes to Editors
Verditek plc
AIM listed Verditek plc is a holding company with three
businesses operating within the clean technology sector. The
Company has a unique liquid gas absorption technology expected to
revolutionise the global CO(2) capture industry; two solar
manufacturing production lines in San Marino each of 25MWp (total
50MWp) producing what is believed to be an innovative and
un-paralleled solar PV building material; and a pioneering
filtration deodorisation technology, which is commercially proven
and tackles a wide range of odours within air and water at a high
efficiency.
For more information please visit or contact the following:
https://www.verditek.plc.uk/
Media One s.r.l
Media One s.r.l is a leading Italian out of home advertising
agency. The agency specialises in large format outdoor advertising
and has numerous partnerships, including with Ferrovie dello Stato
Italiane (the government-owned holding company that manages
infrastructure and services on the Italian rail network), for whom
it exclusively manages all advertising across thousands of stations
in the country. Media One also currently manages advertising for
the transport network in the Italian province of Rimini. The agency
continues to grow and is expanding into other business channels
including sponsorship opportunities on the facades of private and
public buildings in Italy.
This information is provided by RNS
The company news service from the London Stock Exchange
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