INVESTORS : Post

Straight plc (AIM: STT), the recycling products and services group, is pleased to announce it has completed the delivery of a contract with Oldham Metropolitan Borough Council worth £400,000. The agreement, to supply 7 litre kitchen caddies and 23 litre kerbside caddies for food waste collection from 80,000 homes, was delivered in four phases. 60,000 homes have already received their containers and the remaining 20,000 homes are due to receive theirs from the Council over the next few weeks.

The caddies, which are manufactured for Straight in Hull, are used to collect food waste from homes which is then processed at specialist local facilities rather than entering landfill.

Revenue for the contract will be recognised in the Group's financial year to 31 December 2009.

Commenting on the news, Jonathan Straight, Chief Executive of Straight plc, said: "We are delighted to have completed delivery of this contract with Oldham Metropolitan Borough Council. The demand for our food waste containers remains strong and it is extremely pleasing that the move to divert food waste from landfill continues to be high on local authorities' agendas."