# Biome Technologies’ Stanelco RF division secures third contract win in 2024

- Link: https://www.directorstalkinterviews.com/biome-technologies-stanelco-rf%c2%a0division-secures-third-contract-win-in-2024/4121158334
- Published: 2024-05-22T14:36:50+01:00
- Author: Amilia Stone

**[Biome Technologies](https://www.directorstalkinterviews.com/company/biome-technologies-plc/biom.l)
plc** ([LON:BIOM](https://www.directorstalkinterviews.com/company/biome-technologies-plc/biom.l)),
a leading bioplastics and radio frequency technology business, has announced that
its RF Technologies division (www.stanelcorftechnologies.com) has been awarded a
further substantial contract win, the third so far in 2024.  The contract has a 
revenue value of approximately £0.6m to supply two radio frequency welding systems
for use by an international corporation in the medical supply sector.

The Systems will use a modular machine platform which integrates automation and 
RF welding in a similar manner to the contract announced on 15 March 2024. They 
will be built and tested at the Company’s Marchwood, UK, facility and subsequently
combined with other production line equipment supplied by the end-customer’s chosen
contractor before final installation in a UK site.

Delivery of the Systems is scheduled for within the 2024 financial year, with stage
payments being received against milestones during the contract. On this basis, it
is anticipated that all of the revenue for this project (excluding a small quantum
of warranty revenue) will be recognised in 2024, which supports the Board’s expectations
for the RF Technologies division for this year.

> **Paul Mines, Biome Technologies CEO, commented**, “This further order continues
> the RF Technologies division’s ongoing strategy of diversification beyond its 
> traditional strength into new high-value medical market areas. Building on the
> three other significant contracts announced since mid-2023 this gives the division
> a comprehensive order pipeline for 2024.”

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