Contract Award

RNS Number : 7307U

Avon Rubber PLC

19 May 2008

 

                                                                                                                  Strictly embargoed until 07:00 19 May 2008

                                                                                                AVON RUBBER p.l.c.

                                                                                    ('Avon', the 'Group' or the 'Company')

                                                                   US GOVERNMENT RESPIRATOR CONTRACT AWARD

The Company confirms that it has received the multi-year contract valued at US$112million for supply of the M50 military respirator to the US Government.

The contract option executed requires the delivery by Avon of 100,000 mask systems each year for five years, commencing this financial year. 

Under the same contract pricing has also been submitted for  an additional requirements option, which will provide significant additional demand for further masks and spares in excess of the 100,000 systems purchased under the multi-year contract over a period of up to 10 years. The requirements option is expected to be exercised in the near future and will be the subject of a further announcement.  

Peter Slabbert, Chief Executive, commented:

'I am delighted that Avon has reached this hugely significant milestone in the Group's development. I would like to recognise the effort and commitment shown by the Avon team over many years in getting us to this point. Together with the requirements option, the multi-year contract is likely to become the largest respiratory protection contract ever placed and will deliver a long-term, growing and profitable revenue stream for the Group.'

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For further enquiries, please contact:

Avon Rubber p.l.c
Peter Slabbert, Chief Executive	01225 896 870
Fiona Stewart, Corporate Communications Executive	01225 896 871
Weber Shandwick Financial
Richard Hews	020 7067 0700
Hannah Marwood

 

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