E2V.L Regulatory News (E2V)

19 Sep 2007 07:01

e2v technologies PLC19 September 2007 e2v secures contract win worth £5.7m from UK Ministry of Defence e2v technologies, a specialist developer and manufacturer of high technology components and sub-systems, announces today that it has been awarded a UK Ministry of Defence (MOD) contract worth a total of £5.7m. Phase one of the contract, worth £2m, was placed in June of this year, with phase two, worth £3.7m, now secured. This win is a follow-on contract to supply vital defence electronicsubsystems, which utilise e2v's electronic tube technology. Deliveries against the contract are scheduled to begin immediately, with completion within two months. Keith Attwood, Chief Executive of e2v commented: "The award of this contract further underlines our position as a strategic supplier into key defence programmes and helps underpin anticipated trading in the current financial year." For further information: e2v technologies plc Tel: 01245 493493Keith Attwood/Mike Hannantwww.e2v.com Gavin Anderson & Company Tel: 020 7554 1400Keith Brookbank/Michael Turner NOTES FOR EDITORS e2v technologies plc e2v technologies is a leading designer, developer and manufacturer of specialised components and subsystems, falling within two product groups: • Electronic tubes• Sensors and Semiconductors These products enable some of the world's leading OEMs to deliver innovative systems for medical and science, aerospace and defence, and commercial and industrial applications. For the year ended 31 March 2007, e2v achieved sales of £174m and is listed on the London Stock Exchange (e2v.l). In July 2006 e2v technologies plc acquired a leading designer, manufacturer and distributor of specialised electronic components and sub-systems, based in Grenoble, France and in May of 2007 e2v plc acquired MiCS Microchemical Systems SA a designer and manufacturer of semiconductor based gas sensors. These acquisitions strengthen the Group's position as a major global provider of specialised electronic components and subsystems. e2v's products are supplied into three core market areas: • Medical & Science: Sensor technology includes imaging sensors for intra-oral and panoramic dental X-ray, mammography, life science applications and X-ray microscopy. Electronic tubes are the enabling technology behind radiotherapy cancer treatments, microwave medical therapy and high-energy physics. • Aerospace & Defence: Sensor technology includes products for military surveillance, targeting and guidance, space-based imaging and astronomy, radar, electronic warfare, and broadband data converters and microprocessors for aerospace applications. Electronic tubes provide the enabling technology behind radars, electronic countermeasures (ECM), electronic warfare and satellite communications. • Commercial & Industrial: Sensor technology includes marine radars, industrial safety sensors, automotive radars and alarms, thermal imaging cameras used by fire fighters, CCD and CMOS high resolution line scan cameras for industrial inspection. Electronic tubes provide enabling technology behind TV broadcast, satellite communications, marine radar and food & industrial processing. The overall purpose of the business is to grow sustainable shareholder value whilst appropriately meeting the expectations of customers, people, partners, suppliers and the wider community. e2v's vision is to create value through bright ideas in technology and materials science. The Company's mission is to place customers at the heart of the business, providing enabling products of premium quality that extend technical barriers and enhance the competitive position of our partners. e2v has approximately 1,800 employees worldwide with three UK based manufacturing sites in Chelmsford, Lincoln and High Wycombe, one in Grenoble, France and one in Corcelles, Switzerland. In addition e2v has sales offices in the UK, USA, Germany, France and Hong Kong, as well as a network of distributors and representatives covering other key territories. Further information on e2v technologies plc is available from its website,www.e2v.com This information is provided by RNS The company news service from the London Stock Exchange