TPG.L Regulatory News (TPG)

17 September 2020

TP Group plc

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

Hydrogen fuelling partnership agreement

TP Group (AIM: TPG), the providers of mission-critical solutions for a more secure world, is pleased to announce a three-way partnership agreement with Vanguard Sustainable Transport Solutions Ltd. ("Vanguard") and Fuel Cell Systems Ltd. ("FCSL") to target hydrogen fuelling solutions in the rail industry.

The three-year, non-exclusive agreement will explore opportunities for a range of services, including on-site hydrogen generation, storage and dispensation, and fuel cell integration into rail rolling stock such as the HydroFLEX train, which has been developed by the University of Birmingham's Centre for Railway Research and Education (BCRRE) alongside rolling stock solutions provider, Porterbrook.

Vanguard is a spin-out from Birmingham University and has worked extensively on the development and integration of the HydroFLEX train. FCSL is a specialist engineering and consultancy business focused on fuel cell technology and hydrogen dispensing, which has also been part of the HydroFLEX project.

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

"We are very pleased to join the team working on the HydroFLEX project. Together, our three companies bring a wealth of specialist experience and technologies and are well placed to deliver innovative real-world solutions. Our joint goal is now to explore global opportunities for hydrogen-based transport solutions and to be an influential part of this rapidly growing market sector."

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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.