LPA Group PLC Project Award - subject to contract (4878C)
October 19 2020 - 05:14AM
UK Regulatory
TIDMLPA
RNS Number : 4878C
LPA Group PLC
19 October 2020
LPA GROUP PLC
("LPA", the "Company" or the "Group")
Project Award - subject to contract
LPA Group Plc, t he high reliability LED lighting and
electro-mechanical system manufacturer, is pleased to announce a
significant project award, subject to contract, for the export rail
market.
The award, to supply seat automation; control; diagnostics;
lighting and power electronics, is for the Avelia Horizon high
speed next generation TGV trains, being built by Alstom in France
for SNCF. The contract award from Grammer AG (Germany), one of the
world's leading manufacturers of seating systems, will incorporate
LPA's innovative electronics technology within the seat, which
itself brings market leading design; ergonomics and condition
monitoring to the rail market. The initial award for 50 double
decker train sets includes an option for an additional 50 train
sets. Supply is scheduled to commence late 2021 to 2026.
The award is in line with the Company's management
expectations.
Paul Curtis - CEO commented:
" The award by Grammer continues to build on the progress made
by our LPA Lighting Systems division and its increasing worldwide
reputation for technical ability and innovation in both lighting,
and electronics. This project, being our second announced award in
October, is a great start to our 2021 financial year ."
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
Enquires: www.lpa-group.com Tel:
------------------------------------- --------------------- --------------
LPA Group Plc
Peter Pollock Chairman 07881 626123
Paul Curtis CEO 01799 512858
Chris Buckenham CFO 01799 512859
Cairn Financial Advisers (Nominated Adviser) 020 7213 0880
James Caithie / Liam Murray
Ludovico Lazzaretti
finnCap (Broker) 020 7220 0500
Ed Frisby / Teddy Whiley (Corporate
Finance)
Tim Redfern / Tim Harper (ECM
& Sales)
Caution regarding forward looking statements
Certain statements in this announcement, are, or may be deemed
to be, forward looking statements. Forward looking statements are
identi ed by their use of terms and phrases such as "believe",
"could", "should" "envisage", "estimate", "intend", "may", "plan",
"potentially", "expect", "will" or the negative of those,
variations or comparable expressions, including references to
assumptions. These forward looking statements are not based on
historical facts but rather on the Directors' current expectations
and assumptions regarding the Company's future growth, results of
operations, performance, future capital and other expenditures
(including the amount, nature and sources of funding thereof),
competitive advantages, business prospects and opportunities. Such
forward looking statements re ect the Directors' current beliefs
and assumptions and are based on information currently available to
the Directors.
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