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Company Advanced Power Components PLC
TIDM APC
Headline

Contract Win from Major UK Retailer

Released 07:00 10-Jan-2013
Number 2102V07

RNS Number : 2102V
Advanced Power Components PLC
10 January 2013
 



Date:

09 January 2013

On behalf of:

Advanced Power Components PLC ('APC' or 'the Group')

Embargoed until:

0700hrs

 

 

Advanced Power Components Plc

("APC" or the "Group")

 

 

Contract Win from Major UK Retailer

 

 

Advanced Power Components plc (AIM: PLC) is pleased to announce that its subsidiary, Minimise Limited, has been awarded a second order from a major UK retailer for energy efficient LED lights for up to 80 store locations. The order received, valued initially at £2 million, covers preliminary product procurement and store survey costs. The final order value will be confirmed once product quantities have been determined following the store surveys. This contract follows the successful execution of the order previously announced in September 2012 under which 34 stores were completed. Work for this contract is expected to commence in January 2013.

 

The board remains optimistic that Minimise is well positioned to win further orders in the near future.

 

Mark Robinson, CEO of APC, commented:

 

"Being awarded a follow on contract from such a prestigious customer is particularly gratifying as it represents a big vote of confidence in the ability of Minimise Limited to deliver energy saving products and services successfully. We are increasingly convinced that the growth potential for LED lighting and other green technologies is significant and that Minimise is well positioned to capitalise on the opportunity."

 

 

 

Enquiries:

 

Advanced Power Components plc        

01634 290588

Mark Robinson, Chief Executive Officer

Rob Smith, Finance Director

www.apc-plc.co.uk



Strand Hanson Limited

020 7409 3494

James Harris / Angela Hallett




Northland Capital Partners Limited

020 7448 4400

Andy Hanson / John Howes




Redleaf Polhill 

020 7566 6727

Henry Columbine / David Ison

apc@redleafpolhill.com

 

 

Notes to Editors:

 

About Advanced Power Components

Advanced Power Components plc (APC) is one of the UK's leading distributors of specialist electronic components and a provider of technologies developed to reduce energy consumption or generate electricity more sustainably.

 

Since incorporation in 1982, APC has developed long-standing relationships with manufacturers of specialist electronic components and with customers who put significant value on our deep understanding of the challenges of their individual markets, technical expertise and attention to detail. Markets include defence, aerospace, space, transportation, medical and industrial sectors. Products are wide ranging in their complexity and in their application and are sold through a number of semi-autonomous teams. Each team focuses on specific technologies or markets but are true to the Company's central business strategy of adding value in the supply chain.

 

Through Minimise Energy, the Group promotes a range of technologies developed to reduce energy consumption and associated carbon emissions associated with traditional offerings. These products are either sold individually, through subsidiaries Minimise Limited and QV Controls Limited or may be combined to provide an integrated, multi technology solution to the challenge of improving the energy efficiency of an entire organisation.

 

Sales teams:

§ APC-Contech - Custom Keyboards and Data Input Devices

§ APC-Displays+ - Displays and Embedded Systems

§ APC-Hero - Sensors, Optoelectronics, Semiconductors

§ APC-HiRel - Electronic Components for High Reliability Applications

§ APC-Locator - Obsolescence and Allocation Specialists

§ APC-Novacom - Microwave and RF Components

§ APC-Time - Timing Systems, Time and Frequency Generators

 

Subsidiaries:

§ Minimise Energy Limited - integrated, multi technology energy efficiency solutions including financing options

§ Minimise Limited - LED lighting, imop™, air-conditioning optimisation technologies

§ QV Controls Limited - Energy efficient energy monitoring and control systems

 

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Contract Win from Major UK Retailer - RNS