TP Group PLC First production of oxygen from new modular system (1829P)
June 08 2020 - 1:00AM
UK Regulatory
TIDMTPG
RNS Number : 1829P
TP Group PLC
08 June 2020
8 June 2020
TP Group plc
("TP Group", "the "Company" or the "Group")
First production of ultra-high purity oxygen using new modular
system
TP Group (AIM: TPG), the providers of mission-critical solutions
for a more secure world, is pleased to provide an update on its
development programme to build modular gas production equipment
announced 16 April 2020.
TP Group engineers at the Portsmouth technology centre have
completed the first phase of the project by commissioning a single
modular system (the "System") that produced both oxygen and
hydrogen at ultra-high purity levels.
Under trial conditions, the System produced 5 normal cubic
metres of oxygen from just 10 litres of water each hour over a
ten-hour test period. This would equate to approximately 6 litres
of liquid oxygen per hour. It also produced approximately one
kilogramme of fuel-cell grade hydrogen per hour at a pressure of 10
bar. The System was able to produce gas within a minute of startup
and with an intelligent built-in control system was able to run
automatically throughout the test.
This trial has met all the objectives of the first phase of the
programme and TP Group is already engaged with third parties to
specify field-deployable systems for the next phase of
development.
The Group believes that there are many potential applications
for the Systems, although it is not expected that this programme
will have a material impact on the financial performance of the
Group this year. The ultra-high purity oxygen product has
applications in medical facilities, analysis and testing
laboratories, nuclear energy, space, semiconductors and other
ultra-clean manufacturing processes. Fuel-cell grade hydrogen has
widespread potential in the emerging renewable energy field. Gases
like this are typically available in bottled form and this system
would provide a self-contained and local source that is independent
of the external supply chain.
Phil Cartmell, Chief Executive Officer of TP Group,
commented:
"It is very encouraging to see such positive results so quickly
from this development programme. Our Portsmouth business has
decades of experience in building highly reliable
electrolyser-based solutions for demanding applications. In just
six weeks they have risen to an initial challenge from the COVID-19
outbreak to successfully test a field-deployable system capable of
supplying medical-grade oxygen on demand. They have taken existing
equipment available within the technology centre and, with minimal
external expense, configure it in new ways to prove that such
systems can be built and perform.
"Their experience in building rugged systems that can be
deployed and commissioned quickly in remote locations opens up many
new market opportunities. In addition, the ultra-high purity of the
gases produced offers the potential for the Group to transfer these
proven technologies and expand into new market sectors. The
potential of this development is a very exciting addition to the
future prospects of TP Group."
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 Securities plc Tel: 020 7397 8980
Stephen Keys / Mark Connelly / Callum
Davidson
www.cenkos.com
Vigo Communications Tel: 020 7390 0230
Jeremy Garcia / Charlie Neish
www.vigocomms.com
Notes to Editors
TP Group delivers complex equipment, software and services for
mission-, business- and safety critical applications in defence,
space, intelligence & security and energy sectors. With more
than 400 people in 6 European countries, it serves global customers
through long-term contracts. The Group's shares have been traded on
AIM since July 2001.
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.
END
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