TIDMLPA

RNS Number : 6114L

LPA Group PLC

14 January 2021

LPA GROUP PLC

("LPA", the "Company" or the "Group")

Project Awards

LPA Group Plc, the high reliability LED lighting and electro-mechanical system manufacturer, is pleased to announce two contract awards for the UK rail market.

The contracts, awarded independently to LPA Connection Systems and LPA Lighting Systems, have a combined value of GBP1.9m and are for the supply of interior lighting and intercar power connection systems, totalling 135 cars for the Hitachi AT300 new build trains to be operated by the West Coast Partnership, on the UK's West Coast Mainline. Deliveries are due to commence by quarter 2 2021, with a nine-month delivery span anticipated.

The awards are in line with the Company's management expectations.

Paul Curtis - CEO commented:

" The awards are for a further extension of the InterCity Express Program (IEP) which LPA as a group has successfully supplied Hitachi and its customers over the past five years. These trainsets continue to modernise the UK rail network, incorporating both LPA's innovative lighting and intercar power connection solutions, and shows the continued confidence our customers have in our products."

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. The Directors of the Company take responsibility for this announcement.

 
 Enquires:                              www.lpa-group.com       Tel: 
-------------------------------------  ---------------------   -------------- 
 
 LPA Group Plc 
 Peter Pollock                          Chairman                01799 512844 
 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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCGZGMMNFVGMZM

(END) Dow Jones Newswires

January 14, 2021 02:00 ET (07:00 GMT)

Lpa (LSE:LPA)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more Lpa Charts.
Lpa (LSE:LPA)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more Lpa Charts.