TIDMTCN

RNS Number : 1555S

Tricorn Group PLC

29 September 2017

29 September 2017

Tricorn Group Plc

("Tricorn" or the "Group")

Long Term Supply Agreement

Tricorn Group plc (AIM: TCN.L), the AIM listed tube manipulation specialist, announces that its UK operation, Maxpower Automotive, which is part of the Group's Transportation Division, has secured a long term supply agreement with the London Electric Vehicle Company (LEVC) formerly the London Taxi Company. The agreement, which is for 7 years, is for the supply of brake pipe assemblies for the new TX eCity electric taxi and is expected to generate around GBP5m of revenue.

David Leakey, Sales Director of Tricorn, commented: "This is the latest in a number of long term agreements we have secured with major customers and reflects our growing reputation for outstanding operational performance and responsiveness. We are delighted to be working with LEVC, for the first time, on this prestigious project."

For further information please contact:

 
 Tricorn Group plc 
 Mike Welburn, Chief Executive     Tel +44 (0)1684 569956 
 Phil Lee, Group Finance               www.tricorn.uk.com 
  Director 
 
 Stockdale Securities Limited 
 Tom Griffiths                   Tel + 44 (0)20 7601 6100 
  Henry Willcocks

Notes to Editors:

Tricorn is a value added manufacturer and specialist manipulator of pipe and tubing assemblies to niche markets worldwide in the Energy and Transportation sectors.

Headquartered in Malvern, UK, Tricorn employs around 300 employees, has 4 manufacturing facilities in China, USA and UK. It operates through four brands: Franklin Tubular Products, Malvern Tubular Components, Maxpower Automotive and Minguang-Tricorn Tubular Products.

This information is provided by RNS

The company news service from the London Stock Exchange

END

AGREAKNPAEDXEFF

(END) Dow Jones Newswires

September 29, 2017 02:00 ET (06:00 GMT)

Tricorn (LSE:TCN)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Tricorn Charts.
Tricorn (LSE:TCN)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Tricorn Charts.