TP Group PLC Trading Update (5937F)
16 Luglio 2019 - 8:00AM
UK Regulatory
TIDMTPG
RNS Number : 5937F
TP Group PLC
16 July 2019
16 July 2019
TP Group plc
("TP Group" or the "Company" or the "Group")
Trading Update
TP Group (AIM: TPG), the providers of mission-critical solutions
for a more secure world, announces the following trading update for
the six months ended 30 June 2019.
In the first half of 2019 the Group has established positions in
new and emerging systems and equipment. We are providing innovative
solutions for life-support, crew habitation and renewable energy
systems in a range of environments. This has led to a significant
increase in our sales pipeline as our global customers rely upon
these systems and equipment for their performance and security.
Further developments in Artificial Intelligence (AI) have
enabled us to compete strongly with the largest players in this
technology, particularly where the systems relate to intelligence
and security applications.
The Group's technology agreement with Battelle Inc. in the US
and the acquisition of Sapienza Consulting Holding BV has further
strengthened our global reach, customer base, technology profile
and space industry presence.
The Group is now well placed to explore the well-funded and
highly active US space and defence sectors and continues to
evaluate further strategic partnership and acquisition
opportunities, whilst also continuing to drive underlying organic
growth.
The Board remains confident in current trading and expects the
Group to deliver full year results in line with market
forecasts.
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
Mark Connelly / Stephen Keys / Callum
Davidson
www.cenkos.com
Vigo Communications Tel: 020 7390 0230
Jeremy Garcia / Fiona Henson / Charlie
Neish
www.vigocomms.com
Notes to Editors
TP Group designs and develops advanced technologies, engineers
complex equipment and systems, and provides support throughout
their operational life. The Company'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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