Business
New Material Project Win
New Material Project Win.
About this update from Rua Life Sciences Plc
[{"type":"text","content":"\n\n24 July 2024\n \nRUA Life Sciences Plc\n(\"RUA Life Sciences\", the \"Company\" or the \"Group\")\n \nNew Material Project Win\n \nRUA Life Sciences (AIM: RUA), the holding company of a group of medical device businesses focused on the exploitation of the world's leading long-term implantable biostable polymer (Elast-Eon™), announces a new contract win within Contract Manufacture business unit.\nRUA has received a purchase order from an existing customer to undertake a short turnaround textile processing project. The project will be delivered to the customer over the next four months with a total contract value of over £400,000. On delivery of the project, there is the potential for conversion to a longer term supply contract for the processed textile material.\n \n \nBill Brown, CEO of RUA Life Sciences, stated: \"Being awarded this line of business from a major medical company is a testament to the quality of product provided by RUA and the supporting quality management system that provides our customers with the confidence to place critical business with RUA.\"\nThe information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.\n \nFor further information contact:\n \n \n\n\n\n\nRUA Life Sciences\nBill Brown, CEO\nLachlan Smith, CFO\n\n\n \nTel: +44 (0)1294 317073\nTel: +44 (0)1294 317073\n \n\n\n\n\nCavendish Capital Markets Limited \n(Nominated Adviser and Broker)\nGiles Balleny/Dan Hodkinson (Corporate Finance)\nCharlie Combe (Broking)\nMichael Johnson (Sales)\n\n\nTel: +44 (0)20 7220 0500\n \n\n\n\n\n \n \n About RUA Life Sciences\n \nThe RUA Life Sciences group was created in April 2020 when RUA Life Sciences Plc (formerly known as AorTech International Plc) acquired RUA Medical Devices Limited to create a fully formed medical device business. RUA Life Sciences is the holding company of the Group's four trading businesses, each exploiting the Group's patented polymer technology.\n ...