15 Sep 2020 07:00
15 September 2020
TP Group plc
("TP Group", "the "Company" or the "Group")
Atmosphere management equipment orders
TP Group (AIM: TPG), the providers of mission-critical solutions for a more secure world, is pleased to announce the receipt of new orders totalling c. £4.0 million from the Ministry of Defence ("MoD") to supply them with oxygen generation and carbon dioxide removal devices.
These orders form part of the £22 million framework contract previously entered into between TP Group and the MoD to manage equipment availability and provide spares for air purification systems, as announced by the Company on 3 April 2017.
These devices will be supplied to the Royal Navy during the fourth quarter of 2020 and into 2021.
Phil Cartmell, Chief Executive Officer of TP Group, commented:
"We are very pleased to receive these orders from our long-term customer at the Ministry of Defence. We have worked closely with all our customers through the recent COVID-19 outbreak to support their critical programmes and it is pleasing to see this result in orders such as this."
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For further information, please contact:
TP Group plc | Tel: 01753 285 810 |
Phil Cartmell, Chief Executive Officer | |
Derren Stroud, Chief Financial Officer | |
www.tpgroup.uk.com | |
Cenkos Securities plc | Tel: 020 7397 8980 |
Stephen Keys / Mark Connelly / Callum Davidson | |
www.cenkos.com | |
Vigo Communications | Tel: 020 7390 0230 |
Jeremy Garcia / Charlie Neish | |
www.vigocomms.com |
Notes to Editors
TP Group delivers complex equipment, software and services for mission, business and safety critical applications in defence, space, intelligence & security and energy sectors. With more than 400 people in 6 European countries, it serves global customers through long-term contracts. The Group's shares have been traded on AIM since July 2001.