e2v awarded up to £6.2m development grant

12 April 2011

e2v technologies plc

e2v technologies plc awarded up to £6.2m development grant

As referred to in the 2011 year end trading update on 11 April, e2v technologies plc is pleased to announce that it has now been awarded a grant of up to £6.2m from the Regional Growth Fund administered by the Department for Business Innovation and Skills, subject to confirmatory due diligence. 

The grant further underpins the prospects for e2v's Bulk Materials Processing (BMP) business, identified as a new growth initiative within e2v's strategic plan. This award will now enable an acceleration of BMP's underlying technology, whilst also supporting the long term development of the business. e2v regards the grant as a strong endorsement of the attractiveness of this growth opportunity for the group.

Enquiries:

e2v technologies plc Tel: +44 (0)1245 493493

Keith Attwood/Charles Hindson

www.e2v.com

Financial Dynamics Tel: +44 (0)20 7269 7291

Nick Hasell / Nina Delangle

Notes to editors:

The Regional Growth Fund is a £1.4bn fund that will operate for 3 years between 2011 and 2014, intended to stimulate enterprise by providing support for projects and programmes with significant potential for creating long term private sector led economic growth, employment and export opportunities.