Scott lands major contracts for MHL in Europe

Scott Technology Limited (NZX: SCT) is pleased to announce the signing of several new contracts for its materials handling business in the European market. Aaron Vanwalleghem, the interim Chief Executive Officer, stated, "As a global leader in materials handling solutions for leading food and beverage producers worldwide, Scott Technology has successfully secured multiple new contracts through our European operations and our center of excellence for materials handling - palletising solutions. These agreements, totaling $19M NZD (EUR11M), underscore our capability in deploying sophisticated automation systems in a wide range of industries. The revenue from these contracts will primarily be recognized in the fiscal year 2025." Danone - Food - Dairy Scott's partnership with global food and beverage giant, Danone continues to grow with a new end of line extension of their existing palletising installation for their Poland plant. This installation will be the 05th Scott solution bought by Danone in Europe. Its operations in Poland focus on the production and distribution of dairy products, plant-based foods, and beverages. This project will automate palletising for four existing production lines and one new line, incorporating several Scott Pal 4.0 high-speed palletizers. Additionally, the project includes repurposing existing empty and full pallets transport into the new architecture. Cranswick - Food - Meat We are also pleased to announce a new relationship with Cranswick Country Foods, a leading UK-based food producer specializing in the manufacturing and supply of fresh and processed meat products. This first stage of the project is set to extend the existing factory and enhance automation for freezing and palletising operations. Our implementation of a case sortation system will deliver carton cases to freezer locations within Cranswick's production facilities at its Hull facility. The second stage of the project sees the palletising and wrapping of shipments ready for delivery out to customers. "Our expertise in both materials handling and protein automation clearly demonstrated to Cranswick Country Foods that Scott was the ideal partner to meet their growing needs for advanced automation," said Mr. Vanwalleghem. "These contracts demonstrate Scott Technology's capability to deliver industry leading automation solutions that enhance production capacities and operational efficiencies for our customers. We look forward to continuing to build on our success and expanding our footprint in the European market. The addressable market is large and there is still significant opportunity in front of us." END End CA:00433781 For:SCT Type:GENERAL Time:2024-07-02 08:30:21