logo-loader
viewDirecta Plus PLC

Directa Plus says Setcar subsidiary bags US$3mln contract

Setcar will perform collection and management of the different types of waste generated during production by Cummins Generator Technologies Romania

Directa Plus PLC -

Directa Plus PLC (LON:DCTA) has revealed that its Setcar has bagged its third major contract win since the AIM-listed company bought a controlling stake in November 2019.

Setcar has signed a contract to supply total waste management services to Cummins Generator Technologies Romania, a part of the Fortune 500 company, Cummins.

The contract is valued at around US$3mln over three years from October 1, 2020.

Directa Plus's Grafysorber technology will be used in the services provided by Setcar.

"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 services during the remainder of 2020," Giulio Cesareo, the founder and chief executive officer of Directa Plus said in a statement.

Quick facts: Directa Plus PLC

Price: 82 GBX

AIM:DCTA
Market: AIM
Market Cap: £50.16 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Directa Plus PLC named herein, including the promotion by the Company of Directa Plus PLC in any Content on the Site, the Company receives from...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Directa Plus's graphene facemasks can kill COVID-19 says CEO Giulio Cesareo

Directa Plus PLC's (LON:DCTA) Giulio Cesareo speaks to Proactive London's Andrew Scott after confirmation by scientists in Italy that its graphene-enhanced coronavirus (COVID-19) masks have strong anti-viral properties. The Co-mask, which incorporates the company’s G+ technology, was assessed by...

17 hours, 43 minutes ago

2 min read