TPG.L Regulatory News (TPG)

5 August 2020

TP Group plc

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

Framework contract with Eurocontrol

TP Group (AIM: TPG), the providers of mission-critical solutions for a more secure world, is pleased to announce that its subsidiary Sapienza Consulting has been selected to participate in a framework contract to provide consulting and technical services to Eurocontrol.

The framework will last for up to five years and relates to the Common IT Contractor Profiles at the Maastricht Upper Area Control Centre (MUAC) in the Netherlands.

Under this framework, Eurocontrol will release restricted tenders to the pre-qualified participants for specific business needs covering a range of specialist capabilities including middleware, data management, application programming, network and hardware engineering and project management.

Eurocontrol is a pan-European civil-military organisation dedicated to supporting European aviation. The MUAC manages the upper airspace (from 24,500 to 66,000 feet) over Belgium, the Netherlands, Luxembourg and North West Germany - one of Europe's busiest and most complex airspace areas.

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

"We are very pleased to be selected as part of this framework and to support such mission and safety-critical activities across Europe.

"Whilst the likely value is currently unspecified, TP Group anticipates placing multiple consultants to generate significant and sustainable revenues through this agreement.

"This appointment extends our European activities into multi-national airspace management and broadens the customer base and skills profile at Sapienza."

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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.