Last checked at 9 Dec 2009 07:00
9 December 2009
CINPART PLC
('Cinpart' or the 'Company')
Derlite Contract with Burner Systems International
Cinpart, the AIM-quoted electrical products manufacturer and supplier, is pleased to announce that Derlite Limited ("Derlite"), a 100 per cent. owned subsidiary of the Company, has signed a supply contract with Burner Systems International ("BSI") to supply spark electrodes to BSI's manufacturing plants in USA, Mexico and France. BSI is already an important customer of Derlite and this contract secures a substantive proportion of Derlite sales for the next twelve months with the addition of BSI's France facility. The projected annual value for this contract is expected to be £560,000.
Further to the announcement on 19 October 2009 the Company confirms that its nominated adviser is Merchant John East Securities Limited and that its joint brokers are Mirabaud Securities Limited and Rivington Street Corporate Finance Limited.
-ENDS-
Enquiries:
| Cinpart Plc | |
| Kevin Baker, Chief Executive Christopher Foster, Executive Director | Tel: 020 3176 3033 Tel: 020 3176 3031 |
| Merchant John East Securities Limited (Nominated Adviser) | |
| John East/Simon Clements | Tel: 020 7628 2200 |
| Mirabaud Securities LLP (Joint Broker) | |
| Rory Scott | Tel: 020 7878 3360 |
| Rivington Street Corporate Finance Limited (Joint Broker) | |
| Monisha Varadan | Tel: 020 7562 3389 |
| Hansard Group (Public Relations) | |
| Kirsty Corcoran/Justine James | Tel: 020 7245 1100 |
About Cinpart:
Cinpart plc (AIM: CINP) is a holding company that owns 72.2 percent of Active Energy Limited. Active Energy manufactures and supplies the VoltageMaster, a device that can reduce electricity consumption in commercial buildings by up to 20 percent.
Other wholly owned subsidiaries in the Group include Derlite Co Limited; based in Thailand, this company is an international manufacturer of electrical and non-electrical components specializing in ignition systems for gas appliances and Gasignition Limited; a trading company supplying electrical components to small and medium-sized European gas appliance manufacturers.