TP Group PLC Oxygen generating equipment order
17 Septiembre 2019 - 1:01AM
RNS Non-Regulatory
TIDMTPG
TP Group PLC
17 September 2019
17 September 2019
TP Group plc
("TP Group" or the "Company" or the "Group")
Oxygen generating equipment order
TP Group (AIM: TPG), the provider of mission-critical solutions
for a more secure world, today announces that it has secured a new
order worth approximately GBP1 million from the Ministry of Defence
("MoD") to supply it with oxygen generating devices.
This order is for 750 multi-purpose oxygen generators, which are
supplemental to the Company's other large systems such as the
Combined Oxygen Generating System ("COGS"), which the Company
currently supplies to the MoD. These devices will be supplied to
the Royal Navy during the fourth quarter of 2019.
This order forms part of the estimated GBP22m framework contract
previously entered into between TP Group and the MoD to manage
equipment availability and provide spares for air purification
systems, as announced by the Company on 3 April 2017.
Phil Cartmell, Chief Executive Officer of TP Group
commented:
"We are very pleased to see a further significant order
materialise from our long-standing framework agreement with the
MoD. This latest drawdown highlights the enduring value of these
arrangements and further illustrates how the Group provides
ancillary solutions alongside major systems orders, providing an
all-round service to our key customers."
For further information, please contact:
TP Group plc Tel: 01753 285 810
Phil Cartmell, Chief Executive Officer
Derren Stroud, Chief Financial Officer
www.tpgroup.uk.com
Cenkos Securities plc Tel: 020 7397 8980
Mark Connelly / Stephen Keys / Callum
Davidson
www.cenkos.com
Vigo Communications Tel: 020 7390 0230
Jeremy Garcia / Fiona Henson / Charlie
Neish
www.vigocomms.com
Notes to Editors
TP Group designs and develops advanced technologies, engineers
complex equipment and systems, and provides support throughout
their operational life. The Company's shares have been traded on
AIM since July 2001.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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