LPA Group PLC Project Awards (6114L)
14 Gennaio 2021 - 8:00AM
UK Regulatory
TIDMLPA
RNS Number : 6114L
LPA Group PLC
14 January 2021
LPA GROUP PLC
("LPA", the "Company" or the "Group")
Project Awards
LPA Group Plc, the high reliability LED lighting and
electro-mechanical system manufacturer, is pleased to announce two
contract awards for the UK rail market.
The contracts, awarded independently to LPA Connection Systems
and LPA Lighting Systems, have a combined value of GBP1.9m and are
for the supply of interior lighting and intercar power connection
systems, totalling 135 cars for the Hitachi AT300 new build trains
to be operated by the West Coast Partnership, on the UK's West
Coast Mainline. Deliveries are due to commence by quarter 2 2021,
with a nine-month delivery span anticipated.
The awards are in line with the Company's management
expectations.
Paul Curtis - CEO commented:
" The awards are for a further extension of the InterCity
Express Program (IEP) which LPA as a group has successfully
supplied Hitachi and its customers over the past five years. These
trainsets continue to modernise the UK rail network, incorporating
both LPA's innovative lighting and intercar power connection
solutions, and shows the continued confidence our customers have in
our products."
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014. The Directors of the
Company take responsibility for this announcement.
Enquires: www.lpa-group.com Tel:
------------------------------------- --------------------- --------------
LPA Group Plc
Peter Pollock Chairman 01799 512844
Paul Curtis CEO 01799 512858
Chris Buckenham CFO 01799 512859
Cairn Financial Advisers (Nominated Adviser) 020 7213 0880
James Caithie / Liam Murray
Ludovico Lazzaretti
finnCap (Broker) 020 7220 0500
Ed Frisby / Teddy Whiley (Corporate
Finance)
Tim Redfern / Tim Harper (ECM
& Sales)
Caution regarding forward looking statements
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to be, forward looking statements. Forward looking statements are
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assumptions. These forward looking statements are not based on
historical facts but rather on the Directors' current expectations
and assumptions regarding the Company's future growth, results of
operations, performance, future capital and other expenditures
(including the amount, nature and sources of funding thereof),
competitive advantages, business prospects and opportunities. Such
forward looking statements re ect the Directors' current beliefs
and assumptions and are based on information currently available to
the Directors.
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END
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