APR Energy signs agreement with Caterpillar (1484P)
29 Settembre 2011 - 8:01AM
UK Regulatory
TIDMAPR
RNS Number : 1484P
APR Energy PLC
29 September 2011
For Immediate Release 29 September 2011
APR Energy plc ("APR") (LSE: APR)
APR signs a Global Framework Agreement with Caterpillar Inc, and
Caterpillar dealer Ring Power
Today APR, the rapidly growing provider of temporary power
solutions, announces that it has signed a global framework
agreement with Caterpillar Inc ("Caterpillar") (NYSE: CAT) and CAT
dealer, Ring Power ("Ring Power") to partner globally in pursuing
temporary power solutions for the growing international power
projects ("IPP") market.
The five-year agreement will see APR working with Caterpillar,
Ring Power and the global CAT dealer network to source and fulfil
temporary power plant opportunities.
Through this agreement APR gains clear visibility on an
integrated supply chain as Caterpillar, via Ring Power, will supply
diesel and gas reciprocating power modules on beneficial terms. In
addition, APR is expected to benefit from an increased flow of
temporary power opportunities via the global network of CAT dealers
as well as world-class aftermarket sales and support.
Caterpillar will benefit from an increased presence, on a global
basis, in the IPP market with this partnership with APR, a leading
provider of temporary power solutions. Ring Power will supply CAT
mobile generator sets to APR designed specifically for the IPP
market, as well as application, engineering and sales support to
APR. Members of the CAT dealer network will benefit from the
potential opportunity to provide after sales services to
international power projects that may otherwise have been secured
by non-Cat suppliers.
Today's announcement is the latest of a number of steps to
secure the expansion and strategic enhancement of APR's generator
fleet and to optimise APRs ability to source new contract
opportunities. It is envisaged that this partnership will
complement the planned establishment of APR's three regional
operating hubs. The planned sales, marketing and technical
functions within those hubs will enable APR to respond more rapidly
to the anticipated increased pipeline of opportunities while
simultaneously offering the security and response levels of a
leading global servicing solution.
This agreement builds upon APR's existing relationship with
Caterpillar established over a number of years. In parallel, APR
maintains strong relationships with other key suppliers to support
its strategy of maintaining a diverse fleet, including dual fuel
turbines. The continuing development of these relationships puts
APR in an increasingly strong position to maximise the significant
opportunities in the IPP market.
A joint press release on the framework agreement has also today
been released by Caterpillar, Ring Power and APR.
ENQUIRIES:
Citigate Dewe Rogerson Consultancy
Anthony Carlisle +44 7973 611 888 +44 (0) 20 7638 9571
Notes to Editors
About APR Energy plc:
Based in Jacksonville, Florida, and quoted on the London Stock
Exchange, APR is a fast growing, pure play fast track provider of
large scale, temporary power solutions. It is focused on the
rapidly growing power plant market in emerging markets, where the
supply/demand imbalance is most acute, as well as event-led
opportunities. APR designs, installs, operates and maintains
turnkey power solutions, used for applications, including Peak
shaving, Distributed generation, Supplemental power, Grid stability
and support, Emergency generation and Industrial power generation.
Its fleet is technologically advanced with a low weighted average
age and is differentiated by its ability to provide dual fuel
turbine generators as well as diesel and natural gas modules. For
the two financial years to end December 2010, its revenue grew
235%. Revenue for August 2011 was up 93% over the same month the
previous year. Additional information can be found at:
www.aprenergy.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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