Contract Win

RNS Number : 8094D

Cinpart PLC

09 December 2009

 



9 December 2009

CINPART PLC

('Cinpart' or the 'Company')

Derlite Contract with Burner Systems International

Cinpart,   the   AIM-quoted   electrical   products   manufacturer   and   supplier,   is  pleased   to  announce that Derlite Limited ("Derlite"), a 100 per cent. owned subsidiary of the Company, has signed a supply contract with Burner Systems International ("BSI") to supply spark electrodes to BSI's manufacturing plants in USA, Mexico and France. BSI is already an important customer of Derlite and this contract secures a substantive proportion of Derlite sales for the next twelve months with the addition of BSI's France facility. The projected annual value for this contract is expected to be £560,000.

Further  to  the  announcement  on  19  October  2009 the Company confirms that its nominated adviser is Merchant John East Securities Limited and that its joint brokers are Mirabaud Securities Limited and Rivington Street Corporate Finance Limited.

-ENDS-

Enquiries:

Cinpart Plc
Kevin Baker, Chief Executive Christopher Foster, Executive Director	Tel: [phone]  Tel: [phone]
Merchant John East Securities Limited (Nominated Adviser)
John East/Simon Clements	Tel: [phone]
Mirabaud Securities LLP (Joint Broker)
Rory Scott	Tel: [phone]
Rivington Street Corporate Finance Limited (Joint Broker)
Monisha Varadan	Tel: [phone]
Hansard Group (Public Relations)
Kirsty Corcoran/Justine James	Tel: [phone]

About Cinpart: 

Cinpart plc (AIM: CINP) is a holding company that owns 72.2 percent of Active Energy Limited. Active Energy manufactures and supplies the VoltageMaster, a device that can reduce electricity consumption in commercial buildings by up to 20 percent. 

Other wholly owned subsidiaries in the Group include Derlite Co Limited; based in Thailand, this company is an international manufacturer of electrical and non-electrical components specializing in ignition systems for gas appliances and Gasignition Limited; a trading company supplying electrical components to small and medium-sized European gas appliance manufacturers.

 

END

 

 

CNTFSUFAASUSEIE