TP Group PLC Contract Win (0938R)
December 06 2016 - 5:23AM
UK Regulatory
TIDMTPG
RNS Number : 0938R
TP Group PLC
06 December 2016
6 December 2016
This announcement contains inside information
TP Group plc
("TP Group" or the "Company")
Contract Award
TPG Engineering Contract with GE Oil & Gas
TP Group (AIM: TPG), the specialist services and engineering
group, announces that its subsidiary TPG Engineering has been
awarded a contract by GE Oil & Gas within the nuclear
sector.
Valued at c.GBP1.5m, the contract commences immediately and will
be delivered by TPG Engineering from its facility at Dukinfield,
Greater Manchester over the next two years.
TP Group is investing in updating its Dukinfield facility to
deliver this contract by enhancing manufacturing capabilities and
streamlining processes. In addition, the Company will be recruiting
engineers and technicians in the north-west of England to support
this project and other similar work.
Phil Cartmell, Chief Executive of TP Group, commented:
"We are delighted to have been selected by GE for this project.
It represents a major step forward in the growth of the company as
a major industrial supplier in the north west of England.
This award demonstrates how the wider TP Group can apply its
breadth of experience and expertise to work with global customers
on strategic programmes. We believe that securing this contract
also positions us well for further complex engineering
opportunities in conventional and nuclear power, in defence and
other sectors."
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 AIM
since July 2001.
This information is provided by RNS
The company news service from the London Stock Exchange
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