APC Technology Wins New Contracts, Sees Further Opportunities

LONDON (Alliance News) - Electronic components supplier APC Technology Group PLC on Monday said it has secured GBP5.0 million in contracts for its components and Minimise Water divisions in the first quarter of its financial year.

APC said its components business strengthened in the quarter to the end of October, with a new contract on a major UK defence programme and another for interconnect devices for counter-improvised explosive devices equipment.

It has also secured contract wins for its Minimise Water arm, including a sole supplier agreement with an unnamed hotel company for its water hygiene and treatment business, along with a win for its facilities management unit for government sites in the south west of England.

In total, the components arm has won GBP3.5 million in contracts in the quarter, while Minimise Water has won GBP1.5 million.

The group also said its Minimise Solutions energy consultancy business is seeing significant opportunities to win contract related to the impending deadline for compliance with the Energy Savings Opportunity Scheme, a mandatory energy assessment scheme for UK-based organisations to ensure they are meeting energy-efficiency standards.

Shares in APC were up 12% on Monday to 9.695 pence, one of the best performers in the AIM All-Share.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

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