TP Group PLC Development of on-site medical gas production
16 Aprile 2020 - 08:00AM
RNS Non-Regulatory
TIDMTPG
TP Group PLC
16 April 2020
RNS Reach
16 April 2020
TP Group plc
("TP Group", the "Company" or the "Group")
Development of flexible on-site medical gas production
Initiative seeks to increase sustainability and responsiveness
to peak loading
TP Group (AIM: TPG), the providers of mission-critical solutions
for a more secure world, announces that it has commissioned a
development programme ('the Programme') to build modular gas
production equipment in response to emerging requirements.
Recent events, particularly the COVID-19 outbreak, have drawn
attention to the availability of oxygen for critical care,
particularly under peak load, which has highlighted challenges in
logistics, contingency planning and flexibility in the supply of
medical gases.
The Programme is intended to produce modular systems that can be
deployed on demand at hospitals and other facilities suitable for
on-site gas production. TP Group has significant experience in the
field having worked for more than forty years on innovative
approaches to gas production using electrolysis.
The Programme was initiated in late 2019 and has been
accelerated to meet emerging needs. It is currently funded from TP
Group's existing resources and will last a further three months. In
that time, proven technologies developed under a range of submarine
life support programmes will be combined to generate low-carbon
supplies of hydrogen or oxygen according to end-user requirements.
The first phase of the project aims to produce a demonstration
system at the Group's Portsmouth facility that can be tested for
suitability and performance. From there, it is anticipated that
future modular units to suit a range of needs can be specified in
consultation with customers and partners for development activities
to commence in the second half of 2020.
As well as the near-term benefits in flexible gas production,
this Programme will also contribute to longer-term sustainability
goals, through a reduction in carbon dioxide and nitrous oxide
emissions in the existing supply chain, as well as decreased
transportation costs. This is particularly key in the UK healthcare
sector, where the National Health Service produces roughly five per
cent of the UK's greenhouse gasses, and the NHS Sustainable
Development Plan aims to eliminate 80 per cent of the 1990 baseline
carbon emissions by 2050.
Phil Cartmell, Chief Executive Officer of TP Group,
commented:
"I am very pleased that in these challenging times, the TP Group
team has been able to look creatively at both our technologies and
capabilities and sought to apply them in new ways that are relevant
to the current challenges we face."
"When proven, we anticipate these systems will be able to
produce medical and other gases locally at the point of
consumption, potentially reducing carbon usage in both production
and transportation."
"We have many years of heritage with these technologies and have
been highly successful in deploying them across a range of
challenging and mission critical environments."
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 / Mark Connelly / Callum
Davidson
www.cenkos.com
Vigo Communications Tel: 020 7390 0230
Jeremy Garcia / Charlie Neish
www.vigocomms.com
Notes to Editors
TP Group delivers complex equipment, software and services for
mission-, business- and safety critical applications in defence,
space, intelligence & security and energy sectors. With more
than 400 people in 6 European countries, it serves global customers
through long-term contracts. The Group's shares have been traded on
AIM since July 2001.
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END
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