Verditek PLC Verditek Solar Italy material Order Intake (7008N)
26 Settembre 2019 - 8:05AM
UK Regulatory
TIDMVDTK
RNS Number : 7008N
Verditek PLC
26 September 2019
Verditek PLC
("Verditek" or the "Company")
Verditek Solar Italy announces material Order Intake
Verditek plc, (AIM: VDTK), is delighted to announce that it has
secured a further material order with a Nigerian distributor
comprising a multi-year take or pay contract that begins with a
minimum of 1 MW in the first year and increases to 3 MW in the
second year. The first 200 kW will be shipped within 16 weeks and
complements the previously announced distribution agreement
announced on the 28(th) May 2019 (RNS 2258A). Further orders are
under negotiation and the directors are confident the pipeline will
deliver new commitments in the near future.
The company has ambitious plans to expand and enhance the
performance of the plant to bring our product competitively to
market and has identified opportunities to increase production
capacity cost effectively, as our pipeline continues to grow.
Constructed for high efficiency and durability, Verditek Solar
Italy's production line utilises nanowire technology to enhance
electrical conductivity and safety. Thanks to their polymer
construction, the PV panels are robust and semi-flexible but
without the heavy aluminium frame and glass sheets required in
conventional modules. The final product is approximately 3mm thick,
easy to install, and weighs in around 2kg/m2 compared with 22-28
kg/m2 for conventional panels. Since we use the same high quality
160um monocrystalline cells employed in the very best PV modules,
we deliver more watts per weight and can be applied easily to many
surfaces without the need for bulky frames. Together, these
properties open markets that otherwise cannot consider solar energy
to address their power requirements
Geoff Nesbitt, CEO of Verditek plc says: "The sales team is
diligently converting the leads we have developed into orders, with
a number of material opportunities under development. The
tremendous growth forecast in renewable energy is just beginning
and our experience to date indicates we are entering the market at
the right time to inject our energy and products into this surge.
Our technology services clients who would otherwise be denied
access to renewable energy. We will continue to position ourselves
to deliver product where it is needed, with the lowest carbon
footprint possible."
About Verditek plc
Verditek plc (AIM: VDTK) is headquartered in London and holds
interests in three businesses operating within the clean technology
sector. This includes full control of a new manufacturing factory
in Lainate Italy comprising two solar manufacturing production
lines (total of 20MW p.a.) producing innovative lightweight solar
modules. Additionally, the company has interests in a sustainable
filtration and deodorization technology which is commercially
proven to remove a wide range of odours found in wastewater and
exhausts, and a unique liquid gas absorption technology which can
revolutionize the global CO2-capture industry.
For further information, please visit www.verditek.com
Enquiries:
Verditek plc
Geoffrey Nesbitt, CEO Tel: +44 (0)20 7129
1110
WH Ireland Limited - NOMAD and Broker Tel: +44 (0)20 7220
1666
Chris Hardie
Matthew Chan
Novella (Financial PR)
Tim Robertson Tel: +44 (0)20 3151
7008
Fergus Young
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END
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