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ARX Aerobox

0.47
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Aerobox LSE:ARX London Ordinary Share GB0032654427 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.47 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Re Agreement

20/10/2005 12:06pm

UK Regulatory


RNS Number:9277S
AeroBox plc
20 October 2005


20 October 2005

                                  Aerobox plc

                           Long Term Supply Agreement


AeroBox Composite Structures ("ACS"), the US subsidiary of Aerobox plc has
agreed to a 5 year supply contract to supply the AeroBox AKE-SLD (solid bifold
door) for use by a Middle East airline. The contract has a minimum value of US$6
million and ACS will deliver ULDs with a minimum value of US$1.2 million in the
first half of each calendar year.


Ray Gibbs, Group Managing Director said:  "This long term contract is an
important milestone for the company and we hope it is the first in a number of
such longer term supply agreements. The solid bi fold door model is specifically
targeted at the Middle East and Asian markets. Significantly this order is at
more commercial margins than previously achieved. Coupled with our recent
contract wins with American Airlines and Virgin this confirms our position as a
major supplier of ULDs to the airline industry. Due to commercial sensitivities
surrounding this contract we are prevented from disclosing the identity of the
buyer of these boxes."


Enquiries:

Ray Gibbs,           Group Managing Director, AeroBox plc    +44 207 929 5599
David Bick           Holborn                                 +44 207 929 5599
Jonathan Wright      Seymour Pierce                          +44 207 107 8000



Notes to Editors

The Aerobox air cargo container is the result of a decade of research and
development into composite structure panels. The strength and thermal resistance
of the AeroplazTM thermoplastic composite panels enables Aerobox to develop
custom made solutions for a wide range of applications in the aviation,
automotive and other industries. The unique construction of AeroplazTM provides
for improved strength and durability that can reduce costly repairs by over 90%
as well as improving reliability, utilisation and safety. The Aerobox has now
flown over 60,000 flights in commercial airlines around the globe, with less
than 100 reported repairs.




                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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