Investment spurs Americas Growth And Larger Footprint For STATS Group
Investment spurs Americas Growth And Larger Footprint For STATS GroupRecord pipeline projects comple...
TP Group (AIM: TPG), the providers of mission-critical solutions for a more secure world, announces that it has secured a new order worth approximately £1.0 million from the Ministry of Defence ("MoD") to supply it with oxygen generating devices.
This order is for a further 750 multi-purpose oxygen generators, which are supplemental to the Company's other large atmosphere management systems which the Company currently supplies to the MoD and other global customers.
These devices will be supplied to the Royal Navy during 2020 as part of the estimated £22m framework contract previously entered into between TP Group and the MoD to manage equipment availability and provide spares for air purification systems, as announced by the Company on 3 April 2017.
Phil Cartmell, Chief Executive Officer of TPG commented:
"We are very pleased to see a further significant order under the long-standing framework agreement between the MoD and TP Group. This latest order highlights the enduring value of these arrangements and further illustrates how the Group provides long-term support and ancillary solutions alongside major systems, to provide an all-round service to our key customers."