Project Award - subject to contract

RNS Number : 1224C
LPA Group PLC
15 October 2020
 

LPA GROUP PLC

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

 

Project Award - subject to contract

 

LPA Group Plc, t he high reliability LED lighting and electro-mechanical system manufacturer, is pleased to announce a significant project award, subject to contract, for the UK rail market.

The award from Siemens Austria is for the design and supply of interior lighting and door status lights for London Underground's Deep Tube upgrade program ("DTUP").  The initial award is for the supply of lighting systems for 94 newly designed train sets for the Piccadilly Line, with scheduled product deliveries from 2023.  The Deep Tube upgrade program has options for a further 216 train sets across other London Underground deep tube lines.  The train sets are to be manufactured by Siemens Mobility Austria in Vienna and in a new facility in Goole, West Yorkshire, with LPA supply reinforcing UK content within the program. The award is in line with the Company's management expectations.

Paul Curtis - CEO commented:

"This is a prestigious award which LPA is delighted to have received.  The DTUP award builds on the OBB (Austrian Federal Railways) award announced on 21 January 2020 from Siemens Austria.  We anticipate the Group's pre-production outputs to commence in late 2021 for DTUP."

 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. 

 

Enquires:

www.lpa-group.com

 

Tel:

 

 

 

 

 

LPA Group Plc

 

 

 

Peter Pollock

Chairman

 

07881 626123

Paul Curtis

CEO

 

01799 512858

Chris Buckenham

CFO

 

01799 512859

 

 

 

 

Cairn Financial Advisers

(Nominated Adviser)

 

020 7213 0880

James Caithie / Ludovico Lazzaretti

 

 



finnCap

(Broker)

 

020 7220 0500

Ed Frisby / Teddy Whiley (Corporate Finance)

Tim Redfern / Tim Harper (ECM & Sales)

 

 

 

 

Caution regarding forward looking statements

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