29 Sep 2017 07:00
29 September 2017
Tricorn Group Plc
("Tricorn" or the "Group")
Long Term Supply Agreement
Tricorn Group plc (AIM: TCN.L), the AIM listed tube manipulation specialist, announces that its UK operation, Maxpower Automotive, which is part of the Group's Transportation Division, has secured a long term supply agreement with the London Electric Vehicle Company (LEVC) formerly the London Taxi Company. The agreement, which is for 7 years, is for the supply of brake pipe assemblies for the new TX eCity electric taxi and is expected to generate around £5m of revenue.
David Leakey, Sales Director of Tricorn, commented: "This is the latest in a number of long term agreements we have secured with major customers and reflects our growing reputation for outstanding operational performance and responsiveness. We are delighted to be working with LEVC, for the first time, on this prestigious project."
For further information please contact:
Tricorn Group plc | |
Mike Welburn, Chief Executive | Tel +44 (0)1684 569956 |
Phil Lee, Group Finance Director | www.tricorn.uk.com |
Stockdale Securities Limited | |
Tom Griffiths Henry Willcocks | Tel + 44 (0)20 7601 6100 |
Notes to Editors:
Tricorn is a value added manufacturer and specialist manipulator of pipe and tubing assemblies to niche markets worldwide in the Energy and Transportation sectors.
Headquartered in Malvern, UK, Tricorn employs around 300 employees, has 4 manufacturing facilities in China, USA and UK. It operates through four brands: Franklin Tubular Products, Malvern Tubular Components, Maxpower Automotive and Minguang-Tricorn Tubular Products.