TP Group PLC Space systems contract extensions
04 April 2019 - 5:01PM
RNS Non-Regulatory
TIDMTPG
TP Group PLC
04 April 2019
4 April 2019
TP Group plc
("TP Group" or the "Company" or the "Group")
Space systems contract extensions
TP Group (AIM: TPG), the specialist services and engineering
group, is pleased to announce that it has been awarded two contract
extensions worth a combined value of c. GBP1.4 million to its
existing work within the space engineering sector for the Ministry
of Defence (MoD).
TP Group consultants are helping the MoD with requirements
development and technical assurance, including product assurance,
security assurance, ITT development, bid evaluation and industrial
engagement. In the second workstream, our consultants will also
help to acquire future systems with technical assurance, bid
evaluation and negotiation with suppliers.
Both work packages will last approximately six months with
options to extend for a further three months, worth GBP0.3 million
combined.
Phil Cartmell, Chief Executive Officer of TP Group
commented:
"This is another step forward in our growing space systems
activity. We are delighted to be working with MoD on some of its
most strategically important projects.
"We have built a team of approximately 20 technical experts with
highly specialised skills in the space engineering sector over the
past two years. These awards confirm our role supporting UK
Government in the provision of this expertise and builds on our
past work through three different previous contracts in this
area."
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 / Stephen Keys
/ Callum Davidson
www.cenkos.com
Vigo Communications Tel: 020 7390 0230
Jeremy Garcia / Fiona Henson
/ Charlie Neish
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
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END
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