Kinovo PLC Additional Framework Wins and Direct Award (6362L)
07 9월 2023 - 3:00PM
UK Regulatory
TIDMKINO
RNS Number : 6362L
Kinovo PLC
07 September 2023
7 September 2023
Kinovo plc
("Kinovo" or the "Company")
Additional Framework Wins and Direct Award
Kinovo Plc (AIM: KINO), the specialist property services group
that delivers compliance and sustainability solutions, is pleased
to announce that it has been awarded additional framework wins and
a direct award.
Kinovo has received an award notice under Eastern Procurement
Limited's Asset Improvement and Sustainability Framework with a
maximum estimated aggregate value of GBP156 million across a total
of five contractors over a term of 4 years in which awards can be
granted and agreed. The framework covers a broad range of the
Company's services including voids, kitchen and bathroom
installations, disabled adaptation works, electrical testing,
rewiring, upgrades and repairs, as well as insulation and
decarbonisation works.
The Company has also been awarded a place on 3 lots of the Hyde
Group's Alternative Heating Servicing and Maintenance Services and
Metering and Billing Services Framework. Two of the lots relate to
gas servicing, maintenance and renewal services to both domestic
and commercial properties for the north and south regions within
the framework, and the third lot relates to heating servicing,
maintenance and renewal services to electrically heated properties
across both regions. This framework has a maximum estimated
aggregate value of GBP28 million over 4 years across a total of
five contractors, and the framework can also be accessed by other
public bodies.
As previously referenced, due to the nature of frameworks,
Kinovo does not attribute revenue from its framework placings
within its three year visible revenue forecasts.
In addition to the above, Kinovo has received a direct award
with a new client, Broadland District Council ("Broadland"), from
the Government's Social Housing Decarbonisation Fund announced in
March 2023, which allows local authorities and social housing
providers to apply for government funding to install energy
efficiency upgrades. Kinovo has been contracted by Broadland to
remove its existing systems and supply and install Air Source Heat
Pumps, High Heat Retention Storage Heaters, Solar PV and battery
storage for approximately 70 properties. The total anticipated
value of the works is GBP1 million over 2 years. All works will be
completed in accordance with Broadland's requirements and relevant
retrofit regulation such as PAS2030:2019 and PAS2035:2019.
As a result of the continued progress of the Company's Business
Development, Kinovo has invested in another Bid Manager and an
Estimator to provide the team with additional resources to build on
this positive momentum.
David Bullen, Chief Executive Officer of Kinovo plc,
commented:
"We are delighted to report these direct award and framework
wins that the team has worked hard to generate. The frameworks
provide a considerable opportunity for Kinovo to broaden our client
base and build on our strong reputation across the South East of
England, covering a broad spectrum of works, particularly within
our Renewables pillar, and offer the potential for significant
revenue generation.
This strong momentum has facilitated additional investment in
our business development team, which will further increase the
quality and quantity of our bids. We look forward to seeking to
maintain this momentum of new contract wins and renewals across
FY24 in line with our growth strategy ."
Enquiries
Kinovo plc
Sangita Shah, Chairman +44 (0)20 7796 4133
David Bullen, Chief Executive Officer (via Hudson Sandler)
Canaccord Genuity Limited (Nominated Adviser
and Sole Broker) +44 (0)20 7523 8000
Adam James
Andrew Potts
Harry Rees
Hudson Sandler (Financial PR) +44 (0)20 7796 4133
Dan de Belder
Harry Griffiths
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
CNTSSSFUMEDSEIU
(END) Dow Jones Newswires
September 07, 2023 02:00 ET (06:00 GMT)
Kinovo (LSE:KINO)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024
Kinovo (LSE:KINO)
과거 데이터 주식 차트
부터 5월(5) 2023 으로 5월(5) 2024