Directa Plus Secures New Environmental Contracts
Why we think this is good
The RNS announcement indicates that Directa Plus' environmental subsidiary, Setcar, has secured a significant new contract with Midia International and renewed a long-standing contract with Ford Otosan. These contract wins demonstrate Setcar's expertise and the growing demand for the company's environmental services and solutions. However, the lack of financial details means the full impact on Directa Plus' performance is unclear, limiting the sentiment score to 'GOOD'.
Key Points
- Setcar secures new €1.5m contract with Midia International for environmental services
- Setcar renews $1.1m contract with long-standing client Ford Otosan
- Setcar to use its proprietary Grafysorber technology in the Midia International project
Summary
Directa Plus, a leading producer of graphene-based products, has announced that its environmental subsidiary, Setcar, has secured a new €1.5m contract with Midia International SA and a $1.1m contract renewal with Ford Otosan. The new contract with Midia International is for tank cleaning and waste disposal services as part of an offshore drilling campaign, while the renewal with Ford Otosan is for Setcar's Total Waste Management services. The use of Setcar's proprietary Grafysorber technology in the Midia International project suggests the company's innovative capabilities in environmental solutions.