Project Awards

RNS Number : 6114L

LPA Group PLC

14 January 2021

 

LPA GROUP PLC

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

Project Awards

LPA Group Plc, the high reliability LED lighting and electro-mechanical system manufacturer, is pleased to announce two contract awards for the UK rail market.

The contracts, awarded independently to LPA Connection Systems and LPA Lighting Systems, have a combined value of £1.9m and are for the supply of interior lighting and intercar power connection systems, totalling 135 cars for the Hitachi AT300 new build trains to be operated by the West Coast Partnership, on the UK's West Coast Mainline.  Deliveries are due to commence by quarter 2 2021, with a nine-month delivery span anticipated.

The awards are in line with the Company's management expectations.

Paul Curtis - CEO commented:

" The awards are for a further extension of the InterCity Express Program (IEP) which LPA as a group has successfully supplied Hitachi and its customers over the past five years.  These trainsets continue to modernise the UK rail network, incorporating both LPA's innovative lighting and intercar power connection solutions, and shows the continued confidence our customers have in our products."

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. The Directors of the Company take responsibility for this announcement. 

Enquires:	www.lpa-group.com		Tel:
LPA Group Plc
Peter Pollock	Chairman		01799 512844
Paul Curtis	CEO		01799 512858
Chris Buckenham	CFO		01799 512859
Cairn Financial Advisers	(Nominated Adviser)		020 7213 0880
James Caithie / Liam Murray Ludovico Lazzaretti
finnCap	(Broker)		020 7220 0500
Ed Frisby / Teddy Whiley (Corporate Finance) Tim Redfern / Tim Harper (ECM & Sales)

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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