REG - LPA Group PLC - Contract Win and Orderbook

LPAAnnouncement

15/02/2023 07:16

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RNS Number : 9338P  LPA Group PLC  15 February 2023

LPA GROUP PLC

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

Contract Win and Orderbook

 

LPA Group plc, the high reliability LED lighting, electronic and
electro-mechanical system designer and manufacturer, announces a record
orderbook of £34m, with the receipt of a £5.3m order for the supply of
electro-mechanical products to the UK rail industry. Sales under this contract
win are expected to commence towards the end of the Group's current financial
year, with the Group remaining on track to deliver FY23 results in line with
current Board expectations. Over the next two to three years this new business
will provide good quality and consistent base load of standard product well
suited to the skills and capabilities of the Group.

 

 Enquires:                           www.lpa-group.com      Tel:

 LPA Group plc
 Robert B Horvath                    Chairman               01799 512844
 Paul Curtis                         CEO                    01799 512858

 finnCap                             NOMAD and Broker       020 7220 0500
 Ed Frisby / Abigail Kelly

 (Corporate Finance)

 Tim Redfern / Charlotte Sutcliffe

 (ECM)

 

 

About LPA

 

LPA Group plc (AIM: LPA) is a market leading designer, manufacturer and
supplier of high reliability LED lighting, electronic and electro-mechanical
systems, and a distributor of engineered components.

 

Focused on transport (rail and aviation), defence, infrastructure and
industrial markets and supplying into hostile and challenging environments,
LPA is known for engineering solutions to improve product reliability,
reducing maintenance and life cycle costs.

 

The Group has three sites across the UK, selling to customers in the UK and
overseas. Two of these are design and manufacturing sites: LPA Connection
Systems - electro-mechanical systems for rail, aviation and industrial, and
LPA Lighting Systems - LED lighting and electronic systems for rail and
infrastructure. The third site is LPA Channel Electric - a value added
distributer of engineered components for rail, aerospace and defence.

 

With over 160 years of UK design and manufacture, and with origins in the
first ever light installed in 'Electric Avenue', Brixton; innovation is core
to LPA and to the products and services supplied to our customers worldwide.

 

For more information visit www.lpa-group.com (http://www.lpa-group.com)

 

The information contained within this announcement is deemed to constitute
inside information as stipulated under the Market Abuse Regulations (EU No.
596/2014) which is part of UK law by virtue of the European Union (Withdrawal)
Act 2018. Upon the publication of this announcement, this inside information
is now considered to be in the public domain.

 

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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