New Contract and Trading Update

RNS Number : 7642R

LPA Group PLC

09 November 2011

 



9 November 2011

LPA GROUP PLC

("LPA" or the "Group")

New Contract and Trading Update

LPA Group plc, the LED Lighting and electro-mechanical specialist manufacturer, is pleased to announce the third of a series of contracts won to supply electrical equipment for trains operating in Taiwan.

Following earlier contracts to supply inter-carriage electrical connection systems ("jumpers") for the EMU 700 (2006-7: £0.6m) and EMU 800 (2011: £1.6m) series of trains assembled in Taiwan by Taiwan Rolling Stock Company (TRSC), LPA is now to supply jumpers for the Taiwan High Speed Tilting Train.

This is being built by Nippon Sharyo of Japan and TRSC, and the contract is worth £0.7m to LPA. Delivery of the equipment will start almost immediately and continue over the next 18 months.

The new financial year commenced on 1^st October and trading to date has continued the positive trend experienced during the final quarter of last year and, to date, is ahead of internal expectations.

Peter Pollock, Chief Executive, commented;

"This new contract is encouraging news and further demonstrates LPA's ability to win business in export markets. Taiwan is an important market for us, which we have been developing over several years. Current trading is also encouraging and recent contract and Letter of Intent announcements underpin the prospects for this financial year."

 

ENQUIRIES:

LPA Group plc
Peter Pollock, Chief Executive	Tel: [phone] or 01799 512844
Steve Brett, Finance Director	Tel: [phone] or 01799 512860
Cairn Financial Advisers LLP (Nominated Adviser)	Tel: [phone]
Tony Rawlinson / Avi Robinson
XCAP Securities (Broker)	Tel: [phone]
David Lawman / Adrian Kirk
College Hill (PR Adviser)	Tel: [phone]
Gareth David

 

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