Contract win

RNS Number : 3369D

Optare PLC

21 March 2011

 



Optare plc

(the "Company" or "Optare")

Contract Win

Optare is pleased to announce that its contract with Greater Manchester PTE has been extended to include a further 22 hybrid buses valued at £4.3 million, including Green Bus Fund support. This requirement is in addition to the 66 Hybrids ordered in May 2010 of which 20 are now in service. The buses will be delivered during Q4 this year and early Q1 2012.

Jim Sumner CEO, commented, "We are absolutely delighted to have secured this repeat business on the UK's leading operation for Hybrid Buses. This takes the Order book to a record £55m and underpins the need to increase production capacity later this year."

For further information please contact:

Optare plc                        Tel: [phone]

Jim Sumner - Chief Executive

Cenkos Securities plc        Tel: [phone]

Stephen Keys/Camilla Hume   

 

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