TIDMTPG

TP Group PLC

08 April 2021

8 April 2021

TP Group plc

("TP Group" or the "Company" or the "Group")

Collaboration agreement with Collins Aerospace

TP Group (AIM: TPG), the providers of mission-critical solutions for a more secure world, is pleased to announce that it has entered into a two-year agreement ("the Agreement") with Collins Aerospace Mission Systems ("Collins Aerospace") to collaborate on joint power and atmosphere management opportunities for the global maritime market.

Collins Aerospace, part of Raytheon Technologies Corp., is a leader in technologically advanced and intelligent solutions for the global aerospace and defence industry. The range of maritime applications covered by the Agreement will include submarine and unmanned underwater vehicles ("UUVs") with additional opportunities for specialist electronics in the wider U.S. Defence market. Collins Aerospace will lead the joint activity within the U.S. and TP Group will lead on activities for the rest of the world.

Phil Cartmell, Chief Executive Officer of TP Group, commented:

"This agreement is an important opportunity to consolidate our work with Collins Aerospace and bring together our joint capabilities to create a compelling offering for the global maritime market. We have been working together for many years in certain atmosphere management programmes and this offers an opportunity to work in new programmes and applications beyond this base and further broaden our reach as we pursue our international growth plans."

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 
 
  SEC Newgate UK                            Tel: 020 3757 6743 
  Elisabeth Cowell / Bob Huxford / 
   Tom Carnegie 
  www.secnewgate.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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April 08, 2021 02:00 ET (06:00 GMT)

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