TP ICAP Group PLC

Regulatory Filings • Dec 6, 2016

National Storage Mechanism | Additional information

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RNS Number : 0938R

TP Group PLC

06 December 2016

6 December 2016

This announcement contains inside information

TP Group plc

("TP Group" or the "Company")

Contract Award

TPG Engineering Contract with GE Oil & Gas

TP Group (AIM: TPG), the specialist services and engineering group, announces that its subsidiary TPG Engineering has been awarded a contract by GE Oil & Gas within the nuclear sector.

Valued at c.£1.5m, the contract commences immediately and will be delivered by TPG Engineering from its facility at Dukinfield, Greater Manchester over the next two years.

TP Group is investing in updating its Dukinfield facility to deliver this contract by enhancing manufacturing capabilities and streamlining processes. In addition, the Company will be recruiting engineers and technicians in the north-west of England to support this project and other similar work.

Phil Cartmell, Chief Executive of TP Group, commented: 

"We are delighted to have been selected by GE for this project. It represents a major step forward in the growth of the company as a major industrial supplier in the north west of England.

This award demonstrates how the wider TP Group can apply its breadth of experience and expertise to work with global customers on strategic programmes. We believe that securing this contract also positions us well for further complex engineering opportunities in conventional and nuclear power, in defence and other sectors."

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	Tel: 020 7397 8980
Stephen Keys / Mark Connelly
www.cenkos.com
Vigo Communications	Tel: 020 7830 9700
Jeremy Garcia / Fiona Henson
www.vigocomms.com

Notes to Editors

TP Group is a group of innovative UK based engineering companies, supplying technologies and support to global markets. 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.

This information is provided by RNS

The company news service from the London Stock Exchange

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