TP Group notches order from UK defence ministry

Writer, Stock Market Wire
Tuesday, February 5, 2019 - 09:47

Engineering company TP Group announced the award of an order worth around £1.2m from the Ministry of Defence to provide lithium-hydroxide curtains for management of carbon dioxide contamination on submarines.

The order was placed as part of an estimated £22m framework contract previously entered into between TP Group and the ministry announced in April 2017.

The order would be delivered by Micropore, TP Group's strategic partner in the US.

'We are pleased to see the first significant commercial order since signing our partnership with Micropore,' chief executive Phil Cartmell said.

At 9:47am: (LON:TPG) TP Group Plc share price was +0.13p at 6.5p

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