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AVON Avon Technologies Plc

1,486.00
2.00 (0.13%)
31 Jan 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Avon Technologies Plc LSE:AVON London Ordinary Share GB0000667013 ORD #1
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.00 0.13% 1,486.00 1,486.00 1,492.00 1,500.00 1,448.00 1,500.00 51,098 16:35:20
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Rubber,plastics Hose & Belts 275M 3M 0.0991 150.55 449.03M

Contract Award

19/05/2008 8:02am

UK Regulatory


    RNS Number : 7307U
  Avon Rubber PLC
  19 May 2008
   
                                                                                                                       Strictly embargoed
until 07:00 19 May 2008
                                                                                                    AVON RUBBER p.l.c.
                                                                                        ('Avon', the 'Group' or the 'Company')
                                                                       US GOVERNMENT RESPIRATOR CONTRACT AWARD
    The Company confirms that it has received the multi-year contract valued at US$112million for supply of the M50 military respirator to
the US Government.
    The contract option executed requires the delivery by Avon of 100,000 mask systems each year for five years, commencing this financial
year. 
    Under the same contract pricing has also been submitted for  an additional requirements option, which will provide significant
additional demand for further masks and spares in excess of the 100,000 systems purchased under the multi-year contract over a period of up
to 10 years. The requirements option is expected to be exercised in the near future and will be the subject of a further announcement.  
    Peter Slabbert, Chief Executive, commented:
    'I am delighted that Avon has reached this hugely significant milestone in the Group's development. I would like to recognise the effort
and commitment shown by the Avon team over many years in getting us to this point. Together with the requirements option, the multi-year
contract is likely to become the largest respiratory protection contract ever placed and will deliver a long-term, growing and profitable
revenue stream for the Group.'
                                                                                                                     - ends -
    For further enquiries, please contact:

 Avon Rubber p.l.c
 Peter Slabbert, Chief Executive             01225 896 870                    
 Fiona Stewart, Corporate                                        01225 896 871
 Communications Executive

 Weber Shandwick Financial
 Richard Hews                                                    020 7067 0700
 Hannah Marwood 

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

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