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RNS Number : 6578Z
TP Group PLC
14 January 2020
 

RNS Reach

 

14 January 2020

 

TP Group plc

("TP Group" or the "Company" or the "Group")

Submarine Oxygen Generating Devices Order

TP Group (AIM: TPG), the providers of mission-critical solutions for a more secure world, announces that it has secured a new order worth approximately £1.0 million from the Ministry of Defence ("MoD") to supply it with oxygen generating devices.

This order is for a further 750 multi-purpose oxygen generators, which are supplemental to the Company's other large atmosphere management systems which the Company currently supplies to the MoD and other global customers.

These devices will be supplied to the Royal Navy during 2020 as part of the estimated £22m framework contract previously entered into between TP Group and the MoD to manage equipment availability and provide spares for air purification systems, as announced by the Company on 3 April 2017.

Phil Cartmell, Chief Executive Officer of TPG commented:

"We are very pleased to see a further significant order under the long-standing framework agreement between the MoD and TP Group. This latest order highlights the enduring value of these arrangements and further illustrates how the Group provides long-term support and ancillary solutions alongside major systems, to provide an all-round service to our key customers."

 

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

Stephen Keys / Callum Davidson / Mark Connelly


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.


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