Additional Contract for Nuclear Systems

22 January 2019

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TP Group plc

("TP Group" or the "Company" or the "Group")

Additional Contract for Nuclear Systems

TP Group (AIM: TPG), the specialist services and engineering group, announces it has been awarded an additional contract by Baker Hughes (a GE Company) within the nuclear sector. 

Valued at approximately £6.4m, this contract follows on from the first award from GE Oil & Gas under this programme, announced by TP Group on 6 December 2016. The work will be carried out at TP Group's Advanced Manufacturing Centre in Manchester over the next four years.

Phil Cartmell, Chief Executive of TP Group, commented:

"We are delighted to continue our work with GE on this strategic programme. It further recognises both the investment and progress made at the Manchester facility in becoming a world-class manufacturing hub for critical equipment in the energy and defence sectors."

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Notes to Editors

TP Group designs and develops advanced technologies, engineers complex equipment and systems, and provides support throughout their operational life. The Company's shares have been traded on AIM since July 2001.