Announcement
APC Tech Group PLC : LED Contract Wins and Results Announcement Date
RNS Number : 9405K
APC Technology Group PLC
06 January 2016
06 January 2016
APC Technology Group PLC
("APC" or the "Group")
LED Contract Wins and Full Year Results Announcement Date
Minimise Energy: LED Contract Wins
The Board is pleased to announce that APC's energy efficiency technologies business, Minimise Energy, has won several major LED Lighting contracts totalling over £1.15m.
Imtech Inviron has awarded Minimise Energy a contract to supply and install energy efficient LED lighting at 18 London Fire Brigade fire stations. The contract is part of the first phase of the Brigade's energy efficiency upgrade under the Mayor of London's RE:FIT framework, a programme designed to reduce carbon emissions in Greater London, and will lead to a combined energy saving across all 18 sites of an estimated 385,982kWh. This is one of several new projects recently undertaken with this client.
Minimise Energy has also been contracted by existing client Royal Mail Group to supply and install LED lighting solutions at five new sites. This follows work successfully completed in 2015 and is a further extension of the Group's on-going energy efficiency programme for the client.
A substantial new contract has also been awarded by Cofely Energy Services, to supply and install LED lighting at a major London university. This contract includes three of its largest buildings and is also delivered under the Mayor of London's RE:FIT framework. This is the first LED lighting project delivered working with Cofely Energy Services.
Finally, a contract to replace outdated lighting at five key Eastbourne Borough Council buildings, including Eastbourne Town Hall, has been awarded to Minimise Energy by Kier Services. The delivery of this energy efficiency programme, which will cut lighting energy consumption by an estimated 64%, has already commenced.
These new contract wins offer significant opportunity for future development and demonstrate the success of the Groups' revised strategy and re-focus following last year's operational review. Significantly, along with existing work streams, all projects will be delivered in the first quarter of calendar 2016.
Fiscal Year August 2015 Results Announcement
The full year to August 2015 results will be announced on 8 January 2016.
Richard Hodgson, Chief Executive of APC Technology Group PLC, commented:
"I am very pleased to be able to start the New Year with further contract successes for the Group. It is particularly pleasing that these orders are in our refocused and restructured LED business and follow on from those announced in our Water and Distribution divisions before the Christmas break. It's also very encouraging and testament to the hard work of our Minimise Energy team that the new contracts comprise both new and existing customer relationships. We have built an impressive pipeline across a wide customer base and our enhanced processes and procedures will help to ensure the profitability of these contracts for shareholders.
"As previously announced, the year to August 2015 was a difficult year for the Group, which the full year results announcement will bring closure to. With the great progress that we have made since then, through the implementation of our operational review and in the business retained and new business won, we are starting 2016 full of confidence."
Enquiries:
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APC Technology Group PLC |
01634 290 588 |
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Leonard Seelig, Chairman Richard Hodgson, Chief Executive Officer
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www.apc-plc.co.uk |
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Cantor Fitzgerald Europe Limited (Nominated Advisor and Broker) |
020 7894 7000 |
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Andrew Craig / Will Goode / Richard Salmond (Corporate Finance)
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Redleaf Communications (Financial PR) |
020 7382 4730 |
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Rebecca Sanders-Hewett / David Ison / Susie Hudson |
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This information is provided by RNS
The company news service from the London Stock Exchange
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