TPG Tp Group Plc

TIDMTPG

TP Group PLC

17 September 2019

17 September 2019

TP Group plc

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

Oxygen generating equipment order

TP Group (AIM: TPG), the provider of mission-critical solutions for a more secure world, today announces that it has secured a new order worth approximately GBP1 million from the Ministry of Defence ("MoD") to supply it with oxygen generating devices.

This order is for 750 multi-purpose oxygen generators, which are supplemental to the Company's other large systems such as the Combined Oxygen Generating System ("COGS"), which the Company currently supplies to the MoD. These devices will be supplied to the Royal Navy during the fourth quarter of 2019.

This order forms part of the estimated GBP22m framework contract previously entered into between TP Group and the MoD to manage equipment availability and provide spares for air purification systems, as announced by the Company on 3 April 2017.

Phil Cartmell, Chief Executive Officer of TP Group commented:

"We are very pleased to see a further significant order materialise from our long-standing framework agreement with the MoD. This latest drawdown highlights the enduring value of these arrangements and further illustrates how the Group provides ancillary solutions alongside major systems orders, providing an all-round service to our key customers."

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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September 17, 2019 02:01 ET (06:01 GMT)

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