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Biome Technologies PLC - bioplastics and radio frequency technology business - Says that its RF Technologies division gets further ‘substantial’ contract win this year, with revenue value of £600,000 to supply two radio frequency welding systems for use by an unnamed international corporation in the medical supply sector. The systems are expected to be delivered within the current financial year, with stage payments being received against milestones during the contract. Chief Executive Officer Paul Mines says: ‘This further order continues the RF Technologies division’s ongoing strategy of diversification beyond its traditional strength into new high-value medical market areas. Building on the three other significant contracts announced since mid-2023 this gives the division a comprehensive order pipeline for 2024.’ Current stock price: 81.00 pence 12-month change: down 35% Copyright 2024 Alliance News Ltd. All Rights Reserved.
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