E2V.L Regulatory News (E2V)

19 Dec 2008 07:00



19 December 2008 

e2v technologies plc

e2v secures contract renewal 

e2v technologies, a specialist developer and manufacturer of high technology components and sub-systems, announces it has won a contract renewal worth £4.1m.

The contract renewal is with Alphatron Electronic Parts, headquartered in Holland and with further worldwide facilities, and is for the supply of products from e2v's electron device and sub-systems (EDS) division to support Original Equipment Manufacturers (OEMs) and replacement requirements for commercial radar systems.

Delivery is scheduled over a 12 month period.

Keith Attwood, Chief Executive of e2v, commented: "The EDS business model is characterised by a large proportion of spares business, relative to OEM requirements for new systems. This contract renewal reflects the continued need and opportunity to support the large in-service field population of systems with high quality, replacement product. Further contract renewals for the radiotherapy market will be announced in the coming weeks, underpinning e2v's future performance."

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NOTES FOR EDITORS

e2v 

e2v's objective is to be a global leader in the design and supply of specialised components and sub-systems that enable the world's leading systems companies to deliver innovative solutions for medical and science, aerospace and defence, and commercial and industrial markets.

e2v has 4 major product groups:

High performance electron devices and subsystems for applications including defence electronic countermeasures, radiotherapy cancer treatment, and radar systems

Advanced Imaging sensors and cameras for applications including industrial process control, dental X-ray systems, space science and life sciences

Specialist semiconductors, including logic, memory and microprocessors for high reliability mission-critical programs in avionics, defence and telecommunications, sensor data acquisition, and high speed data conversion

A range of professional sensing products for applications including fire, rescue and security thermal imaging, X-ray spectroscopy, and military surveillance, targeting and guidance

For the year ended 31 March 2008, e2v achieved sales of £205m and is listed on the London Stock Exchange. In October 2008 e2v acquired QP semiconductor, a leading US-based designer and supplier of specialty semiconductor components used in military and aerospace applications, establishing e2v's first US manufacturing base. 

The Company is headquartered in the United Kingdom and has approximately 1800 employees in six production facilities across Europe and North America. e2v also operates a global network of sales and technical support offices, supported by local distributors and resellers.

Further information is available from www.e2v.com