17 January 2011
Avingtrans plc
("Avingtrans" or "the Company")
€2.2 m contract win for Industrial Products division
Avingtrans (AIM: AVG), a manufacturer of critical components and associated
services to the medical, energy, industrial and global aerospace sectors,
announces that its Jena Tec subsidiary (Industrial Products division) has
signed a 3 year agreement with a leading European medical equipment
manufacturer, where Jena Tec will supply high precision miniature ballscrews
for use within a range of equipment by the customer.
The total contract value is approximately Euro 2.2m over three years and will
commence in Q4 2011 before full production volumes are added in 2012.
The components within specialised medical equipment require suppliers of
exceptional quality and delivery reliability and this agreement further
bolsters Jena Tec's planned growth in this high tech area. Jena Tec continues
to invest in this growing area of medical instrumentation through increased
testing and production facilities at its state of the art German facility.
Steve McQuillan, Chief Executive of Avingtrans plc commented: "This is another
example of Jena Tec's transformation to a full service industrial partner to
our major customers and it clearly demonstrates the long-term commitment to
world-class quality and delivery".
Enquiries:
Avingtrans plc 0115 949 9020
Steve McQuillan, CEO/ Stephen King, Finance Director
Finncap 020 7600 1658
Marc Young / Henrik Persson - Corporate Finance
Brian Patient / Steve Norcross - Corporate Broking
Hansard Communications 020 7245 1100
Nicholas Nelson/Guy McDougall