APC Technology Group PLC LED Contract Wins and Results Announcement Date (9405K)
January 06 2016 - 1:00AM
UK Regulatory
TIDMAPC
RNS Number : 9405K
APC Technology Group PLC
06 January 2016
06 January 2016
APC Technology Group PLC
("APC" or the "Group")
LED Contract Wins and Full Year Results Announcement Date
Minimise Energy: LED Contract Wins
The Board is pleased to announce that APC's energy efficiency
technologies business, Minimise Energy, has won several major LED
Lighting contracts totalling over GBP1.15m.
Imtech Inviron has awarded Minimise Energy a contract to supply
and install energy efficient LED lighting at 18 London Fire Brigade
fire stations. The contract is part of the first phase of the
Brigade's energy efficiency upgrade under the Mayor of London's
RE:FIT framework, a programme designed to reduce carbon emissions
in Greater London, and will lead to a combined energy saving across
all 18 sites of an estimated 385,982kWh. This is one of several new
projects recently undertaken with this client.
Minimise Energy has also been contracted by existing client
Royal Mail Group to supply and install LED lighting solutions at
five new sites. This follows work successfully completed in 2015
and is a further extension of the Group's on-going energy
efficiency programme for the client.
A substantial new contract has also been awarded by Cofely
Energy Services, to supply and install LED lighting at a major
London university. This contract includes three of its largest
buildings and is also delivered under the Mayor of London's RE:FIT
framework. This is the first LED lighting project delivered working
with Cofely Energy Services.
Finally, a contract to replace outdated lighting at five key
Eastbourne Borough Council buildings, including Eastbourne Town
Hall, has been awarded to Minimise Energy by Kier Services. The
delivery of this energy efficiency programme, which will cut
lighting energy consumption by an estimated 64%, has already
commenced.
These new contract wins offer significant opportunity for future
development and demonstrate the success of the Groups' revised
strategy and re-focus following last year's operational review.
Significantly, along with existing work streams, all projects will
be delivered in the first quarter of calendar 2016.
Fiscal Year August 2015 Results Announcement
The full year to August 2015 results will be announced on 8
January 2016.
Richard Hodgson, Chief Executive of APC Technology Group PLC,
commented:
"I am very pleased to be able to start the New Year with further
contract successes for the Group. It is particularly pleasing that
these orders are in our refocused and restructured LED business and
follow on from those announced in our Water and Distribution
divisions before the Christmas break. It's also very encouraging
and testament to the hard work of our Minimise Energy team that the
new contracts comprise both new and existing customer
relationships. We have built an impressive pipeline across a wide
customer base and our enhanced processes and procedures will help
to ensure the profitability of these contracts for
shareholders.
"As previously announced, the year to August 2015 was a
difficult year for the Group, which the full year results
announcement will bring closure to. With the great progress that we
have made since then, through the implementation of our operational
review and in the business retained and new business won, we are
starting 2016 full of confidence."
Enquiries:
APC Technology Group PLC 01634 290 588
Leonard Seelig, Chairman www.apc-plc.co.uk
Richard Hodgson, Chief Executive
Officer
Cantor Fitzgerald Europe Limited
(Nominated Advisor and Broker) 020 7894 7000
Andrew Craig / Will Goode / Richard Salmond (Corporate Finance)
Redleaf Communications (Financial
PR) 020 7382 4730
Rebecca Sanders-Hewett / David Ison / Susie Hudson
This information is provided by RNS
The company news service from the London Stock Exchange
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