Contract Award
May 19 2008 - 2:02AM
UK Regulatory
RNS Number : 7307U
Avon Rubber PLC
19 May 2008
Strictly embargoed
until 07:00 19 May 2008
AVON RUBBER p.l.c.
('Avon', the 'Group' or the 'Company')
US GOVERNMENT RESPIRATOR CONTRACT AWARD
The Company confirms that it has received the multi-year contract valued at US$112million for supply of the M50 military respirator to
the US Government.
The contract option executed requires the delivery by Avon of 100,000 mask systems each year for five years, commencing this financial
year.
Under the same contract pricing has also been submitted for an additional requirements option, which will provide significant
additional demand for further masks and spares in excess of the 100,000 systems purchased under the multi-year contract over a period of up
to 10 years. The requirements option is expected to be exercised in the near future and will be the subject of a further announcement.
Peter Slabbert, Chief Executive, commented:
'I am delighted that Avon has reached this hugely significant milestone in the Group's development. I would like to recognise the effort
and commitment shown by the Avon team over many years in getting us to this point. Together with the requirements option, the multi-year
contract is likely to become the largest respiratory protection contract ever placed and will deliver a long-term, growing and profitable
revenue stream for the Group.'
- ends -
For further enquiries, please contact:
Avon Rubber p.l.c
Peter Slabbert, Chief Executive 01225 896 870
Fiona Stewart, Corporate 01225 896 871
Communications Executive
Weber Shandwick Financial
Richard Hews 020 7067 0700
Hannah Marwood
This information is provided by RNS
The company news service from the London Stock Exchange
END
CNTEASSNFFKPEEE
Avon Technologies (LSE:AVON)
Historical Stock Chart
From Jan 2025 to Feb 2025
Avon Technologies (LSE:AVON)
Historical Stock Chart
From Feb 2024 to Feb 2025