RICARDO PLC

Regulatory Filings • Jul 13, 2016

National Storage Mechanism | Additional information

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RNS Number : 1022E

Ricardo PLC

13 July 2016

Ricardo PLC

Award of Contract

13 July 2016

London

Ricardo receives £35 million order to supply an advanced DCT for a new supercar

This multi-year order will see Ricardo Performance Products supply an advanced Dual Clutch Transmission (DCT) that it has designed and developed in collaboration with a leading OEM, for a luxury supercar that will enter production later in 2016

Ricardo has been supplying transmission technology to the niche and high performance automotive market for the past 25 years. Under the order announced today, deliveries of the new DCTs will start later in 2016, and will continue over the life of the vehicle.

"We are grateful to our customer for awarding this significant production order for the supply of this advanced DCT," commented Ricardo Performance Products managing director Mark Barge. "Ricardo's brand is well-known in the market for high performance niche transmissions for both luxury road going products as well as for the race track. Indeed, it is this breadth of experience that allows us to apply technical solutions from a number of high performance markets resulting in a product of unparalleled performance. At the request of our customer, further technical details of the advanced DCT which is the subject of the order announced today, including the manufacturer and vehicle name, must remain confidential for the time being." 

Further enquiries:
Ricardo plc	Tel: 01273 455611
Dave Shemmans, Chief Executive Officer Ian Gibson, Chief Financial Officer Website: www.ricardo.com

This information is provided by RNS

The company news service from the London Stock Exchange

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