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SigmaRoc agrees partnership deal with Lindsay Corp for exclusive licensing of the Road Zipper System

SigmaRoc said permanent uses include iconic locations such as the San Francisco Golden Gate Bridge and Auckland Harbour Bridge for safe traffic management during peak hours

Concrete panels
SigmaRoc said it expects to work with Highway Care Ltd and leverage their expertise in installation and maintenance of the Road Zipper System

SigmaRoc PLC (LON:SRC) has gained the exclusive licensing of the Road Zipper System - T-shaped moveable barriers that are connected to form a continuous wall – after agreeing to a partnership deal with Lindsay Corporation (NYSE:LNN).

The AIM-quoted buy-and-build construction materials group pointed out that the Road Zipper System is used globally and accepted by many highways agencies, including Highways England.

READ: Liberum Capital initiates coverage on SigmaRoc with ‘buy’ rating and 59p target price

The company noted that using a conveyor wheel system the Road Zipper System combines safety standards of permanent concrete barriers with the flexibility of traffic cones and is used to re-position the barrier at up to 10 kilometres per hour, creating a moveable ‘zipper lane’.

It said permanent uses include iconic locations such as the San Francisco Golden Gate Bridge and Auckland Harbour Bridge for safe traffic management during peak hours; while temporary uses include construction management in the UK where the Sevenoaks bypass traffic delays were reduced significantly.

The group added that the Road Zipper System is a natural addition to the products offered by SigmaRoc's wholly owned subsidiary, Poundfield Products Ltd, complementing its patented retaining walls and expertise in delivering high-performance projects with local barrier production.

SigmaRoc said it expects to work with Lindsay's partner Highway Care Ltd and leverage their expertise in installation and maintenance of the Road Zipper System.

Max Vermorken, SigmaRoc’s CEO, commented: "This new international partnership again shows how SigmaRoc embraces innovation and partnerships; utilising our skills and assets to develop new business opportunities and revenue streams.

“We look forward to making a success of the Road Zipper System and continuing on our strategy of Invest, Improve, Integrate."

Quick facts: SigmaRoc

Price: 46.9 GBX

AIM:SRC
Market: AIM
Market Cap: £119 m
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