6 Oct 2009 07:00
Embargoed Release: 6 October 2009
Avingtrans plc
("Avingtrans")
Subsidiary Crown International secures £1.25m contracts
Avingtrans plc (AIM:AVG), the designer, manufacturer and supplier of critical components and associated services to the energy, medical, industrial and global aerospace sectors, is pleased to announce that Crown International Ltd ("Crown"), a wholly owned subsidiary, has received an order from Balfour Beatty worth £1.25 million.
The new order is for 30 large Verge Mounted Poles, which will form an important part of the M4 motorway Variable Speed Limit Project being implemented between junctions 25 and 28 before May 2010. The poles are a completely new design mounting an MS4 sign and are capable of being lowered and rotated which is a significant new function designed to reduce maintenance costs. The new poles represent a major innovation in roadside furniture and have been approved by the Welsh Assembly.
In addition, Crown will be supplying a further 14 smaller poles for Advanced Motorway Indicator signs situated on slip roads and gantry mounted signals. Balfour Beatty intends to enter the pole design as part of their tender for the England & Wales Managed Motorway Scheme. First deliveries of the smaller poles will commence before Christmas.
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Contacts:
| Avingtrans plc Tel. 01159 499 020 Steve McQuillan, CEO Stephen King, Finance Director |
| KBC Peel Hunt Ltd Tel. 020 7418 8900 Richard Kauffer, Corporate Finance Matthew Tyler, Corporate Broking |
| Hansard Group Tel. 020 7245 1100 John Bick |
Avingtrans (AVG)