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Verditek PLC on Friday said that it has signed an exclusive three-year supply agreement with the Swedish company, Lindab Profil AB. Verditek is a London-based solar panels producer, while Lindab Profil develops, manufactures and sells building products and roofing systems. Shares in the company were trading 29% higher at 0.87 pence each in London on Friday morning. While Lindab has no minimum purchasing obligations, and there is no guarantee that it will place any orders, Verditek has already supplied over €100,000 worth of panels to Lindab for a number of projects, it said. It also previously supplied panels for a test and demonstration installation at their home factory in Forslov, Sweden. Under the agreement, Lindab will integrate Verditek’s panels with its roofing systems and market and sell them to its customers in Nordic and Eastern European markets. Verditek have granted Lindab exclusivity for selling building integrated photovoltaic, incorporating its panels. This exclusivity is conditional on Lindab achieving a target volume of panels of 850,000 watts in 2023. Copyright 2023 Alliance News Ltd. All Rights Reserved.
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