TP Group PLC Hydrogen system contract
February 16 2021 - 1:00AM
RNS Non-Regulatory
TIDMTPG
TP Group PLC
16 February 2021
16 February 2021
TP Group plc
("TP Group" or the "Company" or the "Group")
Hydrogen system contract
TP Group (AIM: TPG), the providers of mission-critical solutions
for a more secure world, announces that it has signed a contract
with a train leasing company to supply hydrogen fuel cell systems
for passenger trains.
This contract is part of an initiative that aims to demonstrate
the safe and economic operation of hydrogen powered trains for
future public transport opportunities. It initially covers the
supply of safety-critical hydrogen fuel cell systems that convert
hydrogen into electricity to ultimately power the trains.
TP Group is acting as the prime contractor for the integrated
hydrogen fuel system, building upon the Group's preliminary
consulting work to define system requirements and specify a
suitable system configuration for safe operation in this
application. The system will be deployed on a modified passenger
train for a series of proving and demonstration activities.
The initial project will take approximately six months to
complete.
Phil Cartmell, Chief Executive Officer of TP Group,
commented:
"This is an excellent opportunity for our hydrogen business and
seeks to leverage our significant expertise created over many years
operating atmosphere and gas management solutions, where we focus
particularly on the safety aspects of working with gases such as
hydrogen. It is very exciting to see the uptake of hydrogen fuel in
new markets such as rail transport, where operator and passenger
safety are such critical factors.
Over the last year we have been establishing partnerships with
platform builders and operators across these new sectors, as well
as working closely with our established supply-side network to be
able to bring world-class engineering services, innovation and
proven technologies safely to market at such a key time in the
green-fuel revolution."
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 the defence,
space, 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.
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