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LPA Group PLC announced on 25 May 2023 the receipt of a £2 million order from Siemens for supplying lighting on the Nightjet train destined for OBB. This is the second order for this platform and resulted in LPA's record orderbook of £36 million, with production scheduled for later this calendar year and deliveries throughout 2024 and early 2025.
| Date | 25 May 2023 |
| Time | 07:00:09 |
| Category | Corporate updates |
| ID | 5797A |
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 £36m, following receipt of a £2m order from Siemens to supply lighting on their prestigious Nightjet train destined for delivery to OBB (the Austrian Federal railways). This is LPA's second order for this platform and follows its successful introduction into service over the last year.
Production is scheduled to start later this calendar year, following completion of the first order, with deliveries expected throughout the 2024 and early into the 2025 financial year.
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Enquires: |
www.lpa-group.com |
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Tel: |
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LPA Group plc |
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Robert B Horvath |
Chairman |
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01799 512 800 |
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Paul Curtis |
CEO |
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Stuart Stanyard |
CFO |
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finnCap |
NOMAD and Broker |
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020 7220 0500 |
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Ed Frisby / Abigail Kelly (Corporate Finance) Tim Redfern / Charlotte Sutcliffe (ECM) |
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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
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.