TP ICAP Group PLC

Legal Proceedings Report • Mar 21, 2016

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RNS Number : 6503S

TP Group PLC

21 March 2016

21 March 2016                                                                                                                                                                                                                                                                        

TP Group plc

("TP Group" or the "Group")

Award of Equipment Support Contract Extension from MoD

TP Group (AIM: TPG), the specialist technology, engineering and managed solutions group, is pleased to announce it has been awarded an extension to the Submarine Air Purification equipment support contract by the UK Ministry of Defence ('MoD').

TP Group has been providing equipment support for the Submarine Air Purification units for 10 years. The contract covers the provision of equipment support services and spare parts to atmosphere control systems on board the Royal Navy submarine fleet.

The contract extension, which is effective immediately and is for a further 12 months, is valued at an estimated £1.5 million over the period.

Phil Cartmell, Chief Executive of TP Group commented:

"We are delighted to have received an extension to our existing services contract from the MoD. It provides validation of the high quality of the service we deliver and enables TP Group to provide continuity of service to this strategic programme. The contract further supports the Group's strategy of providing integrated services and through life support to complex equipment in critical applications.

"Today's extension also provides the Group with greater visibility of long-term revenues and strengthens the position of our Maritime business within the global submarine equipment supply and support market."

For further information please contact:

TP Group Plc
Phil Cartmell, Chief Executive Officer Derren Stroud, Chief Financial Officer	01753 285 810
www.tpgroup.uk.com
Cenkos
Stephen Keys / Mark Connelly www.cenkos.com	020 7397 8980
Vigo Communications
Jeremy Garcia / Fiona Henson	020 7830 9700
www.vigocomms.com

NOTES TO EDITORS

TP Group is a group of innovative UK based engineering companies, supplying technologies and support to global Aerospace & Defence and Energy & Process Industries markets. The Group designs and develops advanced technologies; engineers complex equipment and systems; and provides support throughout their operational life. TP Group shares have been traded on the London Alternative Investment Market (AIM) since July 2001.

This information is provided by RNS

The company news service from the London Stock Exchange

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