Contract Win

RNS Number : 9172M

Avingtrans PLC

02 September 2013

 



2 September  2013

Avingtrans Plc

("Avingtrans" or the "Company" or the "Group")

Contract Win

Avingtrans (AIM:AVG), a manufacturer of critical components and associated services to the global aerospace, energy and medical sectors is pleased to announce that the recently acquired Maloney Metalcraft Ltd (formerly Exterran UK) has been awarded its second contract from Porvair for the manufacture and supply of Pulse Jet Filter Pipe Clusters. The contract is expected to generate over £2 million of revenue and runs to the end of September 2014.

Steve McQuillan, Chief Executive of Avingtrans, commented:

"We are very pleased to see a second significant order for Maloney Metalcraft since joining the Avingtrans Group in July. It further illustrates the pedigree of the business and its strength in the marketplace. The Board are confident that Maloney Metalcraft will continue to positively contribute to the Group and provide increased scale and expertise to Avingtrans' operations in the attractive Energy marketplace."

Enquiries:

Avingtrans plc                                                                                                   0115 949 9020

Steve McQuillan, CEO

Stephen King, CFO 

Numis                                                                                            

David Poutney (Corporate Broking)                                                        0207 260 1000

Richard Thomas (Corporate Finance and Nominated Adviser)     

Newgate Threadneedle                                                                               020 7653 9850

(Financial PR)

Josh Royston / Heather Armstrong

About Avingtrans

Avingtrans plc is engaged in the provision of highly engineered components and services to the Aerospace, Energy and Medical markets worldwide.
The business is made up of 2 divisions:

•	Aerospace, engaged in the manufacture of rigid pipe assemblies, fabrications and prismatic components - both metallic and composite - for the global aerospace market and precision polishing of aircraft components and;
•	Energy and medical, engaged in the manufacture of machined and fabricated pressure and vacuum vessels and components for the energy, medical, science and research communities. Plus, design and manufacture of fabricated poles and cabinets for roadside safety cameras and rail track signalling.

 

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