Contract
May 11 2009 - 2:00AM
UK Regulatory
TIDMSTT
RNS Number : 9749R
Straight PLC
11 May 2009
Date:11 May 2009
On behalf of: Straight plc ("Straight" or "the Group")
Embargoed until: 0700hrs
Straight plc
* Completion of Contract worth GBP400,000
Straight plc (AIM: STT), the recycling products and services group, is pleased
to announce it has completed the delivery of a contract with Oldham Metropolitan
Borough Council worth GBP400,000. The agreement, to supply 7 litre kitchen
caddies and 23 litre kerbside caddies for food waste collection from 80,000
homes, was delivered in four phases. 60,000 homes have already received their
containers and the remaining 20,000 homes are due to receive theirs from the
Council over the next few weeks.
The caddies, which are manufactured for Straight in Hull, are used to collect
food waste from homes which is then processed at specialist local facilities
rather than entering landfill.
Revenue for the contract will be recognised in the Group's financial year to 31
December 2009.
Commenting on the news, Jonathan Straight, Chief Executive of Straight plc,
said: "We are delighted to have completed delivery of this contract with Oldham
Metropolitan Borough Council. The demand for our food waste containers remains
strong and it is extremely pleasing that the move to divert food waste from
landfill continues to be high on local authorities' agendas."
For further information, please contact
+-----------------------------------------------+---------------------------+
| Straight plc | |
+-----------------------------------------------+---------------------------+
| James Newman, Chairman | 0113 245 2244 |
| Jonathan Straight, Chief Executive | |
+-----------------------------------------------+---------------------------+
| | |
+-----------------------------------------------+---------------------------+
| Panmure Gordon | |
+-----------------------------------------------+---------------------------+
| Andrew Godber / Katherine Roe | 0207 459 3600 |
+-----------------------------------------------+---------------------------+
| | |
+-----------------------------------------------+---------------------------+
| Redleaf Communications | |
+-----------------------------------------------+---------------------------+
| Paul Dulieu / Sam Robbins / Kathryn Hurford | 0207 566 6700 |
+-----------------------------------------------+---------------------------+
Notes to Editors
* Straight plc was established in 1993, by Jonathan Straight, to supply container
solutions for source separated waste. Initially one man and a desk, the company
grew to become the UK's leading supplier of kerbside recycling boxes as well as
a key supplier of other types of waste and recycling container solutions.
* Following sustained growth, Straight joined AIM in 2003 with a view to fuelling
further growth.
* In 2005, Straight acquired Blackwall Limited, the UK's largest supplier of home
composters and water butts. Since integrating the two businesses, Straight now
provides a wide range of waste and recycling solutions to local authorities, the
waste industry and general businesses. Through the Blackwall brand Straight
delivers environmental garden products directly to end users in partnership with
local authorities and utilities.
* Further information about the company and its products can be found at:
www.straight.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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