TP Group PLC Contract Win (4780I)
31 August 2016 - 4:01PM
UK Regulatory
TIDMTPG
RNS Number : 4780I
TP Group PLC
31 August 2016
31 August 2016
This announcement contains price sensitive information
TP Group plc
("TP Group" or the "Company")
Contract win
TP Group (AIM: TPG), the specialist technology, engineering and
managed solutions group, is pleased to announce it has signed a
contract to supply a new variant of its existing carbon dioxide
scrubber technology to ThyssenKrupp Marine Systems GmbH ('TKMS'),
one of the leading system providers of non-nuclear submarines and
high-end vessels.
The initial contract with TKMS is worth a minimum of GBP1.65
million, with the potential for multiple further units.
The carbon dioxide scrubber system will be designed and built at
the TPG Maritime facility in Portsmouth with delivery to TKMS
scheduled for Q4 2017.
Phil Cartmell, Chief Executive of TP Group commented:
"We are delighted to have secured this contract with TKMS, a new
European customer for TPG. It further underlines our market leading
position in this area, and is a key addition to our growing
customer base, where we now supply our systems to a significant
number of global submarine manufacturers."
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 Tel: 020 7397 8980
Stephen Keys / Mark Connelly
www.cenkos.com
Vigo Communications Tel : 020 7830 9700
Jeremy Garcia / Fiona
Henson
www.vigocomms.com
NOTES TO EDITORS
TP Group is a group of innovative UK based engineering
companies, supplying technologies and support to global markets. 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 the AIM
market since July 2001.
This information is provided by RNS
The company news service from the London Stock Exchange
END
CNTLLFIATRIIVIR
(END) Dow Jones Newswires
August 31, 2016 02:01 ET (06:01 GMT)
Tp (LSE:TPG)
Historical Stock Chart
From Apr 2024 to May 2024
Tp (LSE:TPG)
Historical Stock Chart
From May 2023 to May 2024