Business
EUR 2.2m Contract Win
EUR 2.2m Contract Win.
About this update from Avingtrans Plc
[{"type":"text","content":"\n \n17 January 2011\n\n Avingtrans plc \n\n (\"Avingtrans\" or \"the Company\") \n\n €2.2 m contract win for Industrial Products division \n\nAvingtrans (AIM: AVG), a manufacturer of critical components and associated\nservices to the medical, energy, industrial and global aerospace sectors,\nannounces that its Jena Tec subsidiary (Industrial Products division) has\nsigned a 3 year agreement with a leading European medical equipment\nmanufacturer, where Jena Tec will supply high precision miniature ballscrews\nfor use within a range of equipment by the customer.\n\nThe total contract value is approximately Euro 2.2m over three years and will\ncommence in Q4 2011 before full production volumes are added in 2012.\n\nThe components within specialised medical equipment require suppliers of\nexceptional quality and delivery reliability and this agreement further\nbolsters Jena Tec's planned growth in this high tech area. Jena Tec continues\nto invest in this growing area of medical instrumentation through increased\ntesting and production facilities at its state of the art German facility.\n\nSteve McQuillan, Chief Executive of Avingtrans plc commented: \"This is another\nexample of Jena Tec's transformation to a full service industrial partner to\nour major customers and it clearly demonstrates the long-term commitment to\nworld-class quality and delivery\".\n\nEnquiries:\n\nAvingtrans plc 0115 949 9020 \n \nSteve McQuillan, CEO/ Stephen King, Finance Director \n \nFinncap 020 7600 1658 \n \nMarc Young / Henrik Persson - Corporate Finance \n \nBrian Patient / Steve Norcross - Corporate Broking \n \nHansard Communications 020 7245 1100 \n \nNicholas Nelson/Guy McDougall \n\n\n \n ","length":2793,"tagName":"div"}]