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Regenersis PLC (RGS)

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Tuesday 29 April, 2014

Regenersis PLC


RNS Number : 7656F
Regenersis PLC
29 April 2014

29 April 2014



("Regenersis" the "Company" or the "Group")




Regenersis, a strategic outsourcing partner to many of the world's leading consumer technology companies, is pleased to announce a number of new contract wins.


The Group has won several new contracts in the depot repair business, which will be fulfilled through the Group's facilities in Spain and Germany.   Customers include:


·     Mobile phone repairs for Yoigo, which is the 4th largest mobile operator in Spain with over 4 million subscribers and is part of the Telia Sonera Group.   Regenersis will become the repair partner for all the Sony mobile phones in the Yoigo estate and will cover both in warranty and out of warranty repairs.

·     In what we believe is an industry first in Europe, Regenersis Germany has been awarded a contract by one of the world's leading, and most innovative, manufacturers of smartphones and other technology. The contract covers both in-warranty (non-carrier) and out-of-warranty (carrier/non carrier) devices, and is the first of its kind in Germany. Regenersis has been working with this manufacturer as an Approved Service Partner for many years and represents a logical and very significant strategic step for Regenersis in Europe.


In the Renew division, the Group is pleased to announce the launch a new mobile insurance proposition with a key mobile operator in Poland under the Digital Care brand.


·     This includes an LCD Protection Plan and is a first to market offering making Digital Care the number 1 mobile protection provider in Poland.  The scheme is underwritten by a large Polish underwriter. 

·     The product offering includes a 24 month cover for accidental damage to the customers' smart phone screen, which is an increasingly growing problem.


The above new business has been won since the half year results. They will underpin the sales growth already anticipated for next year.


Matthew Peacock, Executive Chairman of Regenersis, said:


"It is extremely pleasing to see these new pieces of business which represent significant strategic steps for Regenersis in moving us towards establishing ourselves us as the leading aftermarket services provider in the world."





Regenersis Plc

Matthew Peacock, Executive Chairman

Jog Dhody, Chief Financial Officer


+44 (0) 20 3657 7000

Panmure Gordon (UK) Limited (Nomad and Joint Broker)

Dominic Morley / Nicola Marrin, Corporate Finance

Charles Leigh Pemberton, Corporate Broking


+44 (0) 20 7886 2500

Cenkos Securities (Joint Broker)

Stephen Keys, Corporate Finance

Alex Aylen, Sales


+44 (0) 20 7397 8900

Tavistock Communications

Catriona Valentine / Matt Ridsdale / Keeley Clarke


+44 (0) 20 7920 3150


About Regenersis -


With its core business in repairing consumer electronics, Regenersis helps companies like HTC, Nokia, Samsung, Orange, John Lewis, LG, Toshiba and others deliver the best possible after market service to its customers.  Through the provision of technical call centres or managing returns and repairs, the company supports a wide range of products including mobile phones, laptops and tablets, set top boxes, televisions and other electronic equipment.  Regenersis also operates in the business-to-business environment where it offers high quality and secure repair and refurbishment solutions for chip and pin devices, ATMs and even MRI scanners.


Building upon its success in repair, the company is already proving its pioneering range of services known as Advanced Solutions, which include in-field testing, where Regenersis is partnering with cable operators across the world to diagnose set-top box faults in the home, reducing unnecessary returns.  The newly formed Renew business unit comprises Digital Care, which provides extended warranty and insurance services to end customers; Refurbishment, which provides legitimate, quality refurbished components and devices to the end customer; and Recommerce, which offers client led refurbishment, repair and onward disposition of devices.

This information is provided by RNS
The company news service from the London Stock Exchange

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