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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

MoU for Turkish Supply

14/09/2007 8:01am

UK Regulatory


RNS Number:8469D
Avon Rubber PLC
14 September 2007


                                                               14 September 2007
                               Avon Rubber p.l.c.
                                    ("Avon")

   Avon Rubber signs multi million pound MoU to supply respiratory protection
                        systems to Turkish Armed Forces

Avon Rubber p.l.c. has signed a Memorandum of Understanding ("MoU") with MKEK, a
leading Turkish defence systems manufacturer, and ETIRC, a Turkish defence and
security solutions company.

Under the MoU, signed at this week's Defence Systems & Equipment International
exhibition ("DSEi"), the three partners will work together on a multi-million
pound project to provide personal respiratory protection technologies to the
Turkish Armed Forces.

The agreement allows for provision of a wide range of Avon's unique protection
technologies to Turkey. This will involve manufacture in Turkey of Avon
respirators and filters for provision to the Turkish Armed Forces.

Commenting on the agreement, Terry Stead, Chief Executive of Avon Rubber, said:

"We are excited about this significant opportunity based on our existing FM12
technology. It could lead to orders in the region of a million masks over a
period of up to ten years, commencing within the next 18 months. The MoU also
allows for the supply and development of both current and new products."

                                     -Ends-

For further enquiries please contact:

Avon Rubber p.l.c.
Terry Stead, Chief Executive
Peter Slabbert, Group Finance Director                              01225 896831
Fiona Stewart, Corporate Communications Executive                   01225 896871

Weber Shandwick Financial
Richard Hews
Rachel Taylor
Hannah Marwood                                                     020 7067 0700

NOTES TO EDITORS:
Avon Rubber p.l.c. is an international polymer engineering group adding value
through material, manufacturing and industry sector expertise. The Group is
currently capitalised at approximately #44 million.




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

END
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