EU Supply provides support to European nuclear research outfits

Software provider EU Supply has inked two new contracts with nuclear research outfits for the provision of its complete tender management platform.

The AIM-listed firm locked in its deal with the European groups on Wednesday, bringing roughly €200,000 in revenues to the company over the course of the next 12 months.

Chief executive Thomas Beergrehn, said: "These two contracts are of particular significance to the company as they highlight the demand for CTM, an advanced competitive tendering service platform."

"They also highlight our ability to configure our platform online to very different procedures and workflows required by clients with different regulatory and internal process requirements."

Just last week, EU Supply strengthened its position in Denmark on the back of a new contract that will see the firm license its complete tender management platform and a number of other software-as-a-service related solutions to the Danish Ministry of Taxation over a two-year period, with the option to extend by up to a further 48 months.

As of 0900 GMT, EU Supply shares had slipped 1.79% to 11p.