TP Group PLC EUR18m work orders secured under ESA contract (2968Q)
18 Giugno 2020 - 8:00AM
UK Regulatory
TIDMTPG
RNS Number : 2968Q
TP Group PLC
18 June 2020
18 June 2020
TP Group plc
("TP Group", "the "Company" or the "Group")
EUR18 million work orders secured under ESA framework
contract
TP Group (AIM: TPG), the provider of mission-critical solutions
for a more secure world, is pleased to confirm that its subsidiary
Sapienza Consulting has received a series of work orders under its
framework contract with the European Space Agency ("ESA"), the
extension of which was announced on 24 March 2020.
The work orders, worth approximately EUR18 million, cover tasks
until the end of 2022 on a range ESA programmes at the European
Space Technology Centre ("ESTEC") at Nordwijk in the Netherlands.
Further work orders remain in discussion under the extended
framework contract.
The initial contract with ESA was signed 1 July 2017 and at the
end of March 2020, had generated approximately EUR31 million of
revenue.
Phil Cartmell, Chief Executive Officer of TP Group,
commented:
"We are very pleased to see these work orders continuing to come
through during this difficult period. They demonstrate the
resilience of our European institutional customers and our ability
to support them on their long-term programmes."
The information contained within this announcement is deemed to
constitute inside information as stipulated under the Market Abuse
Regulation (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain .
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.
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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