Electronic components distributor APC Technology has earned a new contract with supermarket Morrisons to roll out LED lighting in its buildings.

The Strood-based company said it expects to reach its expectations for growth this year thanks to the order, even though the total value is yet to be fully established.

The business has raised £1.45 million after issuing new shares on the AIM stock exchange, which will fund the expected growth of its green technology brands like Minimise Energy.

The money will improve cashflow as it aims to win similar contracts with other major companies.

Chief executive Mark Robinson said: “We are delighted to have received these first new orders from Wm Morrisons and we look forward to this next phase of work with them.

“The progress that the group is making, especially across its Minimise subsidiaries, is very encouraging.

“We remain appreciative of our institutional shareholders in their support of the group’s growth and look forward to providing the market with further updates in due course.”