Tricorn Group PLC Long Term Supply Agreement (1555S)
29 September 2017 - 4:00PM
UK Regulatory
TIDMTCN
RNS Number : 1555S
Tricorn Group PLC
29 September 2017
29 September 2017
Tricorn Group Plc
("Tricorn" or the "Group")
Long Term Supply Agreement
Tricorn Group plc (AIM: TCN.L), the AIM listed tube manipulation
specialist, announces that its UK operation, Maxpower Automotive,
which is part of the Group's Transportation Division, has secured a
long term supply agreement with the London Electric Vehicle Company
(LEVC) formerly the London Taxi Company. The agreement, which is
for 7 years, is for the supply of brake pipe assemblies for the new
TX eCity electric taxi and is expected to generate around GBP5m of
revenue.
David Leakey, Sales Director of Tricorn, commented: "This is the
latest in a number of long term agreements we have secured with
major customers and reflects our growing reputation for outstanding
operational performance and responsiveness. We are delighted to be
working with LEVC, for the first time, on this prestigious
project."
For further information please contact:
Tricorn Group plc
Mike Welburn, Chief Executive Tel +44 (0)1684 569956
Phil Lee, Group Finance www.tricorn.uk.com
Director
Stockdale Securities Limited
Tom Griffiths Tel + 44 (0)20 7601 6100
Henry Willcocks
Notes to Editors:
Tricorn is a value added manufacturer and specialist manipulator
of pipe and tubing assemblies to niche markets worldwide in the
Energy and Transportation sectors.
Headquartered in Malvern, UK, Tricorn employs around 300
employees, has 4 manufacturing facilities in China, USA and UK. It
operates through four brands: Franklin Tubular Products, Malvern
Tubular Components, Maxpower Automotive and Minguang-Tricorn
Tubular Products.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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