TP Group PLC Framework agreement with Naval Group
07 June 2018 - 5:10PM
RNS Non-Regulatory
TIDMTPG
TP Group PLC
07 June 2018
7 June 2018
TP Group plc
("TP Group" or the "Company" or the "Group")
TP Group and Naval Group agree framework for future work
TP Group (AIM: TPG), the specialist services and engineering
group, is pleased to announce it has signed a five-year framework
agreement ("the Agreement") with Naval Group, the French defence
prime contractor responsible for building submarines and surface
ships for the French navy and other international customers.
The Agreement builds upon past work, and seeks to formalise the
working arrangements between the two companies. In addition, the
Agreement also sets out standard terms of business that will enable
TP Group to respond quickly to Naval Group requirements.
The Agreement is effective immediately and will cover work on
atmosphere management systems on-board surface ships and submarines
in the naval defence industry.
Phil Cartmell, Chief Executive of TP Group commented:
"This is an excellent step forward with our French customer,
which enhances our working relationships outside the UK and sets
the tone for future collaborations with Naval Group. In addition,
this Agreement will enable us to align with their business and
respond quickly and effectively to their requirements."
"We look forward to continuing to build on a very fruitful
relationship over the next five years and beyond."
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 / Callum
Davidson
www.cenkos.com
Vigo Communications Tel: 020 7390 0230
Jeremy Garcia / Fiona
Henson
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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