(Alliance News) - Circle Spa announced Monday that it has been awarded the Taurus project with Attilio Carmagnani AC Spa and Iroi Srl, obtaining a EUR80,000 grant as lead partner.

The three companies will build an advanced platform for managing truck appointments to loading and unloading at the Carmagnani coastal depot.

Luca Abatello, president and CEO of Circle Group, said, "We will develop an "intelligent system" that will assist operators in defining the maximum, preferred and optimal capacities to be assigned to each hourly slot for loading and unloading, optimizing the use of critical terminal resources in order to limit congestion, reduce acceptance time and improve efficiency and "dwell time." This is one of the cornerstones of our 'Connect 4 Agile Growth' business plan."

Circle's stock closed Monday down 2.3 percent at EUR6.40 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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