11 Mar 2013 07:00
Date: | 11 March 2013 |
On behalf of: | Advanced Power Components PLC ('APC' or 'the Group') |
Embargoed until: | 0700hrs |
Advanced Power Components Plc
("APC" or the "Group")
Contract Win from Major UK Retailer
Advanced Power Components plc (AIM: PLC) is pleased to announce that, further to the announcement of a contract win from a major UK retailer made on 9 January 2013, its subsidiary, Minimise Limited, has received an amendment to the order increasing the total value from £2 million to £4.1 million. Both the original order and the amendment are for the provision of energy efficient LED lights to up to 80 store locations and follow the conclusion of initial site surveys for this project. Further amendments to the order may be received when the site surveys and installations have been completed.
The board remains optimistic that Minimise is well positioned to win further orders in the near future.
An announcement giving an update on first half trading performance will be made shortly.
Mark Robinson, CEO of APC, commented:
"The increase in order value reflects well on Minimise's professionalism in delivering contracts to established clients and the important role our LED lighting products are playing in helping customers meet their Carbon reduction commitments."
Enquiries:
Advanced Power Components plc | 01634 290588 |
Mark Robinson, Chief Executive Officer Rob Smith, Finance Director | www.apc-plc.co.uk |
Strand Hanson Limited | 020 7409 3494 |
James Harris / Angela Hallett | |
Northland Capital Partners Limited | 020 7448 4400 |
Andy Hanson / John Howes | |
Redleaf Polhill | 020 7566 6727 |
Henry Columbine / David Ison | apc@redleafpolhill.com |
Notes to Editors:
About Advanced Power Components
Advanced Power Components plc (APC) is one of the UK's leading distributors of specialist electronic components and a provider of technologies developed to reduce energy consumption or generate electricity more sustainably.
Since incorporation in 1982, APC has developed long-standing relationships with manufacturers of specialist electronic components and with customers who put significant value on our deep understanding of the challenges of their individual markets, technical expertise and attention to detail. Markets include defence, aerospace, space, transportation, medical and industrial sectors. Products are wide ranging in their complexity and in their application and are sold through a number of semi-autonomous teams. Each team focuses on specific technologies or markets but are true to the Company's central business strategy of adding value in the supply chain.
Through Minimise Energy, the Group promotes a range of technologies developed to reduce energy consumption and associated carbon emissions associated with traditional offerings. These products are either sold individually, through subsidiaries Minimise Limited and QV Controls Limited or may be combined to provide an integrated, multi technology solution to the challenge of improving the energy efficiency of an entire organisation.
Sales teams:§ APC-Contech - Custom Keyboards and Data Input Devices§ APC-Displays+ - Displays and Embedded Systems§ APC-Hero - Sensors, Optoelectronics, Semiconductors§ APC-HiRel - Electronic Components for High Reliability Applications§ APC-Locator - Obsolescence and Allocation Specialists§ APC-Novacom - Microwave and RF Components§ APC-Time - Timing Systems, Time and Frequency Generators
Subsidiaries:§ Minimise Energy Limited - integrated, multi technology energy efficiency solutions including financing options§ Minimise Limited - LED lighting, imop™, air-conditioning optimisation technologies§ QV Controls Limited - Energy efficient energy monitoring and control systems