Contract Win and Orderbook

RNS Number : 9338P

LPA Group PLC

15 February 2023

 

LPA GROUP PLC

("LPA", the "Company" or the "Group")

Contract Win and Orderbook

LPA Group plc, the high reliability LED lighting, electronic and electro-mechanical system designer and manufacturer, announces a record orderbook of £34m, with the receipt of a £5.3m order for the supply of electro-mechanical products to the UK rail industry. Sales under this contract win are expected to commence towards the end of the Group's current financial year, with the Group remaining on track to deliver FY23 results in line with current Board expectations. Over the next two to three years this new business will provide good quality and consistent base load of standard product well suited to the skills and capabilities of the Group.

Enquires:	www.lpa-group.com		Tel:
LPA Group plc
Robert B Horvath	Chairman		01799 512844
Paul Curtis	CEO		01799 512858
finnCap	NOMAD and Broker		020 7220 0500
Ed Frisby / Abigail Kelly (Corporate Finance) Tim Redfern / Charlotte Sutcliffe (ECM)

About LPA

LPA Group plc (AIM: LPA) is a market leading designer, manufacturer and supplier of high reliability LED lighting, electronic and electro-mechanical systems, and a distributor of engineered components.

Focused on transport (rail and aviation), defence, infrastructure and industrial markets and supplying into hostile and challenging environments, LPA is known for engineering solutions to improve product reliability, reducing maintenance and life cycle costs.

The Group has three sites across the UK, selling to customers in the UK and overseas. Two of these are design and manufacturing sites: LPA Connection Systems - electro-mechanical systems for rail, aviation and industrial, and LPA Lighting Systems - LED lighting and electronic systems for rail and infrastructure. The third site is LPA Channel Electric - a value added distributer of engineered components for rail, aerospace and defence.

With over 160 years of UK design and manufacture, and with origins in the first ever light installed in 'Electric Avenue', Brixton; innovation is core to LPA and to the products and services supplied to our customers worldwide.

For more information visit www.lpa-group.com

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU No. 596/2014) which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

Caution regarding forward looking statements

Certain statements in this announcement, are, or may be deemed to be, forward looking statements. Forward looking statements are identified by their use of terms and phrases such as ''believe'', ''could'', "should" ''envisage'', ''estimate'', ''intend'', ''may'', ''plan'', ''potentially'', "expect", ''will'' or the negative of those, variations or comparable expressions, including references to assumptions. These forward looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors.

 

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