TIDMTPG

TP Group PLC

14 January 2020

RNS Reach

14 January 2020

TP Group plc

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

Submarine Oxygen Generating Devices Order

TP Group (AIM: TPG), the providers of mission-critical solutions for a more secure world, announces that it has secured a new order worth approximately GBP1.0 million from the Ministry of Defence ("MoD") to supply it with oxygen generating devices.

This order is for a further 750 multi-purpose oxygen generators, which are supplemental to the Company's other large atmosphere management systems which the Company currently supplies to the MoD and other global customers.

These devices will be supplied to the Royal Navy during 2020 as 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 TPG commented:

"We are very pleased to see a further significant order under the long-standing framework agreement between the MoD and TP Group. This latest order highlights the enduring value of these arrangements and further illustrates how the Group provides long-term support and ancillary solutions alongside major systems, to provide 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 
  Stephen Keys / Callum Davidson / 
   Mark Connelly 
  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

NRASFLFWDESSESF

(END) Dow Jones Newswires

January 14, 2020 02:00 ET (07:00 GMT)

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