Business
Award of Waste Management Contract
Award of Waste Management Contract.
About this update from Directa Plus Plc
[{"type":"text","content":"\n \n \n RNS Number : 7345S\n Directa Plus PLC\n 13 July 2020\n \n \n \n 13 July 2020\n \n \n THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE EU MARKET ABUSE REGULATION (596/2014). UPON THE PUBLICATION OF THE ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN\n .\n \n \n Directa Plus plc\n (\"Directa Plus\" or the \"Company\")\n \n Total Waste Management Contract with Cummins Romania\n \n Directa Plus (AIM: DCTA), a leading producer and supplier of graphene nanoplatelets based products for use in consumer and industrial markets, announces that the Company's subsidiary Setcar S.A. (\"Setcar\") has signed a contract to supply total waste management services to Cummins Generator Technologies Romania S.A. (\"Cummins Romania\"), part of the Fortune 500 Cummins, Inc.\n \n This is the third major contract win for Setcar since the completion of the acquisition by Directa Plus of 51 per cent of the company in November 2019. The value of the contract to Setcar is estimated to be approximately US$3 million over a period of three years, commencing 1 October 2020.\n \n Cummins Romania offers a wide range of new and refurbished Cummins engines and power generation equipment, spare parts and qualified service for a wide range of applications across a broad spread of industries.\n \n Setcar will provide Cummins Romania with a total waste management service including collection and management of the different types of waste generated during production - from oil and oil contaminated water to out of spec equipment, packaging, paints and metallic waste - while ensuring traceability throughout the entire process. Directs Plus's Grafysorber® technology will be used for the treatment of the oil and solvents contaminated waste and water, reducing the environmental impact compared to traditional waste disposal. \n \n \n Commenting, Giulio Cesareo, Founder and CEO of Directa Plus, said: \"This third major contract win since acquiring Setcar as a subsidiary illustrates the potential for growth in our key environmental vertical. We hope to demonstrate further market penetration in industrial and oil and gas markets as we continue to roll out Setcar's...