LPA Group PLC Project Award - subject to contract (1224C)
15 October 2020 - 5:00PM
UK Regulatory
TIDMLPA
RNS Number : 1224C
LPA Group PLC
15 October 2020
LPA GROUP PLC
("LPA", the "Company" or the "Group")
Project Award - subject to contract
LPA Group Plc, t he high reliability LED lighting and
electro-mechanical system manufacturer, is pleased to announce a
significant project award, subject to contract, for the UK rail
market.
The award from Siemens Austria is for the design and supply of
interior lighting and door status lights for London Underground's
Deep Tube upgrade program ("DTUP"). The initial award is for the
supply of lighting systems for 94 newly designed train sets for the
Piccadilly Line, with scheduled product deliveries from 2023. The
Deep Tube upgrade program has options for a further 216 train sets
across other London Underground deep tube lines. The train sets are
to be manufactured by Siemens Mobility Austria in Vienna and in a
new facility in Goole, West Yorkshire, with LPA supply reinforcing
UK content within the program. The award is in line with the
Company's management expectations.
Paul Curtis - CEO commented:
"This is a prestigious award which LPA is delighted to have
received. The DTUP award builds on the OBB (Austrian Federal
Railways) award announced on 21 January 2020 from Siemens Austria.
We anticipate the Group's pre-production outputs to commence in
late 2021 for DTUP."
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
Enquires: www.lpa-group.com Tel:
------------------------------------- --------------------- --------------
LPA Group Plc
Peter Pollock Chairman 07881 626123
Paul Curtis CEO 01799 512858
Chris Buckenham CFO 01799 512859
Cairn Financial Advisers (Nominated Adviser) 020 7213 0880
James Caithie / Ludovico Lazzaretti
finnCap (Broker) 020 7220 0500
Ed Frisby / Teddy Whiley (Corporate
Finance)
Tim Redfern / Tim Harper (ECM
& Sales)
Caution regarding forward looking statements
Certain statements in this announcement, are, or may be deemed
to be, forward looking statements. Forward looking statements are
identi ed by their use of terms and phrases such as "believe",
"could", "should" "envisage", "estimate", "intend", "may", "plan",
"potentially", "expect", "will" or the negative of those,
variations or comparable expressions, including references to
assumptions. These forward looking statements are not based on
historical facts but rather on the Directors' current expectations
and assumptions regarding the Company's future growth, results of
operations, performance, future capital and other expenditures
(including the amount, nature and sources of funding thereof),
competitive advantages, business prospects and opportunities. Such
forward looking statements re ect the Directors' current beliefs
and assumptions and are based on information currently available to
the Directors.
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.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
CNTGPGQGUUPUGQC
(END) Dow Jones Newswires
October 15, 2020 02:00 ET (06:00 GMT)
Lpa (LSE:LPA)
Historical Stock Chart
From Mar 2024 to May 2024
Lpa (LSE:LPA)
Historical Stock Chart
From May 2023 to May 2024
