Optare PLC Strategic partnership (1710E)

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RNS Number : 1710E

Optare PLC

08 May 2013

Optare plc

("Optare" or the "Company")

Strategic Partnership

Optare is pleased to announce that it has entered into a strategic partnership with Dawsonrentals bus and coach limited ("Dawson's").

Pursuant to the agreement Dawson's have placed an initial order for 50 Optare Solo buses for delivery over the next six months.

The agreement gives Dawson's access to Ashok Leyland's international sales force to facilitate the disposal of its used vehicles in right hand drive markets outside of the UK and, in return, purchase new replacement vehicles for its rental fleet from Optare.

Glenn Saint, Deputy CEO said, "This groundbreaking reciprocal collaboration will enable Dawson's, through the purchase of Optare buses, to replace its rental fleet with new, improved and more fuel efficient vehicles. The Agreement benefits Dawson's by creating an outlet for its used vehicles in countries where the initial purchase price may be an obstacle to the acquisition of brand new buses. It will also reduce the excess of ageing vehicles in the UK market."

For further information please contact:

   Optare plc                               Tel: [phone] 

Glenn Saint - Deputy CEO

    Cenkos Securities plc        Tel: [phone] 

Stephen Keys/Camilla Hume

This information is provided by RNS

The company news service from the London Stock Exchange

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