TPG Tp Group Plc

TIDMTPG

RNS Number : 4780I

TP Group PLC

31 August 2016

31 August 2016

This announcement contains price sensitive information

TP Group plc

("TP Group" or the "Company")

Contract win

TP Group (AIM: TPG), the specialist technology, engineering and managed solutions group, is pleased to announce it has signed a contract to supply a new variant of its existing carbon dioxide scrubber technology to ThyssenKrupp Marine Systems GmbH ('TKMS'), one of the leading system providers of non-nuclear submarines and high-end vessels.

The initial contract with TKMS is worth a minimum of GBP1.65 million, with the potential for multiple further units.

The carbon dioxide scrubber system will be designed and built at the TPG Maritime facility in Portsmouth with delivery to TKMS scheduled for Q4 2017.

Phil Cartmell, Chief Executive of TP Group commented:

"We are delighted to have secured this contract with TKMS, a new European customer for TPG. It further underlines our market leading position in this area, and is a key addition to our growing customer base, where we now supply our systems to a significant number of global submarine manufacturers."

For further information, please contact:

 
 TP Group plc                    Tel: 01753 285 810 
  Phil Cartmell, Chief 
  Executive Officer 
  Derren Stroud, Chief 
  Financial Officer 
  www.tpgroup.uk.com 
 Cenkos                          Tel: 020 7397 8980 
  Stephen Keys / Mark Connelly 
  www.cenkos.com 
 Vigo Communications             Tel : 020 7830 9700 
  Jeremy Garcia / Fiona 
  Henson 
  www.vigocomms.com 
 

NOTES TO EDITORS

TP Group is a group of innovative UK based engineering companies, supplying technologies and support to global markets. TP Group designs and develops advanced technologies; engineers complex equipment and systems; and provides support throughout their operational life. The Company's shares have been traded on the AIM market since July 2001.

This information is provided by RNS

The company news service from the London Stock Exchange

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