New Contract Wins (0724B)
11 April 2012 - 4:00PM
UK Regulatory
TIDMMAN
RNS Number : 0724B
Manroy PLC
11 April 2012
11 APRIL 2012
MANROY PLC
GBP0.4 MILLION GPMG ORDERS FROM NEW CUSTOMERS
IN NEW REGIONS
Manroy Plc ("Manroy" or the "Group"), the AIM quoted leading UK
machine gun manufacturer, is pleased to announce that it has
secured two new orders for its General Purpose Machine Gun ("GPMG")
valued at a combined total of GBP0.4 million.
The orders have been placed by two new overseas customers and,
although relatively small in value, their strategic impact for
Manroy is significant as it confirms new and important export
regions for the Group.
Glyn Bottomley, Manroy's Chief Executive, said: "These new
orders are particularly significant for Manroy as they represent
new customers in new regions where Manroy has not been represented
in the past. The orders also re-affirm the success of the Board's
strategy of expanding the Group's product offering and overall
geographical spread."
Ends
For further information please contact:
Manroy Plc Tel: 01252 874 177
Glyn Bottomley, Chief Executive
Paul Carter, Finance Director
Canaccord Genuity Limited - Nomad Tel: 020 7523 8350
and
Broker
Robert Finlay
Peter Stewart
Tavistock Communications Tel: 020 7920 3150
Baron Phillips
Simon Compton
Notes to Editors:
Manroy is a UK based manufacturer of machine guns, mounts and
other associated products. A key Ministry of Defence supplier for
26 years, Manroy currently manufactures, supplies and supports:
-- the 12.7mm M2 Heavy Machine Gun ("HMG"), also known as the 0.50" calibre HMG;
-- the 7.62mm General Purpose Machine Gun;
-- M2 Quick Change Barrel kits;
-- weapon tripods and mounting systems; and
-- through its 49% owned associate company Manroy USA, M16, M4 and M5 weapons.
Manroy is focused on the opportunity to derive further value
from existing partner relationships and to create additional
revenue streams by continuing to expand its product offering, and
to move into new territories.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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