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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Tp Group Plc | LSE:TPG | London | Ordinary Share | GB0030591514 | 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% | 2.20 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
TIDMTPG
TP Group PLC
04 April 2019
4 April 2019
TP Group plc
("TP Group" or the "Company" or the "Group")
Space systems contract extensions
TP Group (AIM: TPG), the specialist services and engineering group, is pleased to announce that it has been awarded two contract extensions worth a combined value of c. GBP1.4 million to its existing work within the space engineering sector for the Ministry of Defence (MoD).
TP Group consultants are helping the MoD with requirements development and technical assurance, including product assurance, security assurance, ITT development, bid evaluation and industrial engagement. In the second workstream, our consultants will also help to acquire future systems with technical assurance, bid evaluation and negotiation with suppliers.
Both work packages will last approximately six months with options to extend for a further three months, worth GBP0.3 million combined.
Phil Cartmell, Chief Executive Officer of TP Group commented:
"This is another step forward in our growing space systems activity. We are delighted to be working with MoD on some of its most strategically important projects.
"We have built a team of approximately 20 technical experts with highly specialised skills in the space engineering sector over the past two years. These awards confirm our role supporting UK Government in the provision of this expertise and builds on our past work through three different previous contracts in this area."
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 Securities plc Tel: 020 7397 8980 Mark Connelly / Stephen Keys / Callum Davidson www.cenkos.com Vigo Communications Tel: 020 7390 0230 Jeremy Garcia / Fiona Henson / Charlie Neish www.vigocomms.com
Notes to Editors
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 news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
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(END) Dow Jones Newswires
April 04, 2019 02:01 ET (06:01 GMT)
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