Trading Update June 2015 – Supplementary Update in conjunction with May trading update
First UK Melpass order shipped June 2015. Business ongoing.
Wolseley PLC terms agreed for roll out ahead of schedule.
Ferguson Inc agreed North America roll out of cobranded Tough Mat, 1200 stores plus direct selling agreement by themselves into US Coop’s (Ace Hardware Corp, Tru Value Corp etc) and US Sheds (Lowes, Home Depot etc). First orders expected to deliver September 2015.
Discussions advancing well with UK manufacturer for exclusive expansion of market leading UK Absorbency range into US. Will dramatically increase depth of offering down existing sales channels and complement NAC own products.
Discussions advancing well with World’s largest speciality pipe insulation business for cooperative exclusive expansion into North American market. Will dramatically increase depth of offering down existing sales channels and complement NAC/THERMO own products.
Development of blow bag flood protection system progressing well with prototypes due for testing
Full marketing rebrand on course for completion July 2015.
Ongoing business pipeline healthy and building.
Protection and Absorbency sales ahead of budget for first six months, pipeline to date worth £600k to £750k annual ongoing as shipping commences.
New factory move nearing completion of legal work. All machinery purchased awaiting installation.