TPG.L Regulatory News (TPG)

RNS Reach

7 January 2020

TP Group plc

("TP Group" or the "Company" or the "Group")

European Space Agency Agreement for ECLIPSE Software Suite

TP Group (AIM: TPG), the providers of mission-critical solutions for a more secure world, announces that its subsidiary, Sapienza Consulting Ltd ("Sapienza"), has signed a €2.2 million Master Service and License Agreement with the European Space Agency ("ESA") to renew its service provision and related licensing for the ECLIPSE software suite.

ECLIPSE is a suite of specialised software modules focused on space industry project management activities. ESA has been using Sapienza's ECLIPSE suite for ten years and this agreement extends its use of the system for a further three years across all its sites and Directorates.

Phil Cartmell, Chief Executive Officer of TP Group, commented:

"We are very pleased to continue our work with ESA and to support its activities through our industry-leading technology and services. The Sapienza team has established a key role in the European space community and this award underlines its contribution to and reputation in this rapidly evolving and dynamic market."

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Notes to Editors

TP Group designs and develops advanced technologies, engineers complex equipment and systems, and provides support throughout their operational life. The Company's shares have been traded on AIM since July 2001.