Verditek announced its 51% owned subsidiary, Greenflex Energy, an Italian based manufacturing solar photovoltaic (PV) technology company, won an initial trial contract with Media One to supply and install its proprietary solar PV technology to power digital advertising billboards at outdoor bus shelters in Italy.

The trial contract, which was won in a competitive tender process, will see the Company supply and install its solar PV technology at a bus shelter in the province of Rimini, Italy, in September 2017.

Once successfully completed, the trial is expected to extend to supply the Company's solar PV material for approximately 20 further bus shelters along the Rimini-Riccione bus line in Italy, targeted for October 2017.

On successful completion of the initial project, there is a significant opportunity for Verditek, through Greenflex, to supply the Company's solar PV building material for an additional approximately 100 outdoor bus shelters in the area.

The potential market within Italy's digital out of home advertising is significant with Media One alone operating over 5,000 digital advertising billboards across the country.

Verditek's solar PV technology has significant product innovations compared to competing technologies including interconnectivity of individual PV cells, lightness and its unique flexible design integrates the material into the design of the bus shelter offering a greater level of security and architectural integrity.

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