TPG.L Regulatory News (TPG)

RNS Reach

5 February 2019

TP Group plc

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

MOD order for Carbon Dioxide management equipment worth c.£1.2m

TP Group (AIM: TPG), the specialist services and engineering group, is pleased to announce an order worth c.£1.2m by the Ministry of Defence ("MOD") to provide Extendair® Lithium Hydroxide Curtains for management of localised Carbon Dioxide contamination on board submarines. This order is placed as part of the estimated £22m framework contract previously entered into between TP Group and the MOD to manage equipment availability and spares provision for air purification systems, as announced by the Company on 3 April 2017. The order will be delivered by Micropore Inc. ("Micropore"), TP Group's strategic partner in the United States, as announced on 24 May 2018.

The Micropore product complements the MOD's existing Carbon Dioxide removal products to support additional operating conditions and to offer emergency backup to other systems in the event of failure. The products are expected to be delivered to the MOD in early 2019.

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

"We are pleased to see the first significant commercial order since signing our partnership with Micropore. The TPG Technology and Engineering team in Portsmouth have been working with Micropore for some time on both technical development of new products and sales of existing products. This order adds momentum to the relationship, underlines the value of international technology partnerships such as this, and accelerates our growing business interests in the United States."

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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.