Porvair Regulatory News (PRV)

13 Jun 2005 07:00

Porvair PLC13 June 2005 For immediate release 13 June 2005 Porvair plc ("Porvair") Porvair wins aviation fuel tank inerting supply agreement Porvair today announces that it has signed a supply agreement with ParkerHannifin Corp, one of the world's leading aviation component manufacturers,which is expected to generate at least $3m revenue in the first five years. Theagreement is to supply filtration systems for Parker's aircraft fuel tankinerting systems to be fitted to a range of commercial aircraft from the middleof 2006. The elimination of flammable fuel vapours in commercial aircraft fuel tanks isone of the US National Transportation Safety Bureau's top priorities. Parker'slightweight aircraft fuel tank inerting system addresses this issue and can beeasily fitted within existing aircraft designs. The system generates nitrogenenriched air from a stream of engine air and delivers it into the aircraft fueltanks to reduce flammability. The Porvair filtration system ensures that thestream of engine air fed into the inerting system is free from particulate andany liquid droplets. Ben Stocks, CEO of Porvair plc said: "We are delighted to have secured this contract with Parker Hannifin Corp. Thisis one of our key growth targets and we have been working closely with Parkerfor the last three years to develop this important new filter system. Thiscontract continues our strategy of developing technologies for new applicationsand further strengthens our aerospace business." Porvair plcBen Stocks, Chief Executive 01553 765 500Chris Tyler, Group Finance Director 01553 765 500 Buchanan Communications 0207 466 5000Charles Ryland / Ben Willey Notes to editors Porvair is a group of specialist filtration and advanced materials businesses.Its products are used in a range of niche filtration markets, and are derivedfrom its expertise in the development and manufacture of porous and microporousceramics, metals, plastics and carbons. This information is provided by RNS The company news service from the London Stock Exchange