Biome secures £0.19m RF technologies contract
By Josh White
Date: Monday 30 Sep 2024
(Sharecast News) - Biome Technologies announced that its RF technologies division had secured a £0.19m contract to upgrade advanced analytical equipment previously supplied to a UK-regulated industry.
The AIM-traded firm said the equipment, based on its induction heating technology, was originally provided following a contract announced in March 2014.
It said the contract followed an initial £50,000 design and scoping phase carried out in recent months.
The majority of the revenue from the upgrade was expected to be recognised in 2025, with the deal not affecting the board's financial expectations for that year.
At 1333 BST, shares in Biome Technologies were down 12.71% at 6.11p.
Reporting by Josh White for Sharecast.com.
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