TPG.L Regulatory News (TPG)

RNS Reach

30 January 2019

TP Group plc

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

Follow-on order for Carbon Dioxide equipment

TP Group (AIM: TPG), the specialist services and engineering group, is pleased to announce an order worth £0.8 million to supply carbon dioxide removal equipment for fitment to a new-build submarine by an overseas shipbuilder. 

This is the third order in a multi-unit export programme. These orders are the result of TP Group's continued development of compact, quiet and lightweight equipment that meets the demanding requirements of this sector.

The equipment will be built at TP Group's engineering facility in Portsmouth, and is expected to be delivered in 2019.

Phil Cartmell, Chief Executive Officer of TP Group commented:

"This order is a recognition of the close working relationships that our Technology and Engineering team has established with several global prime contractors. We strive to be a trusted partner that can supply safe, reliable and technically advanced equipment to a global audience, and through orders like this we can continue to build our position in overseas markets."

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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.