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
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