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 £1 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 £22m 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.
""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
Phil Cartmell, Chief Executive Officer
Derren Stroud, Chief Financial Officer
Tel: 01753 285 810
Cenkos Securities plc
Mark Connelly / Stephen Keys / Callum Davidson
Tel: 020 7397 8980
Jeremy Garcia / Fiona Henson / Charlie Neish
Tel: 020 7390 0230
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.