MAN Manroy

TIDMMAN

RNS Number : 2243Z

Manroy PLC

11 January 2011

11 January 2011

MANROY PLC

GBP1.3M MIDDLE EAST SPARE PARTS CONTRACT SECURED

UK MOD TECHNICAL SUPPORT CONTRACT SIGNED

Manroy Plc ("Manroy" or "the Company"), (AIM:MAN.L), the UK's leading machine gun manufacturer, today announces that it has signed a GBP1.3m spare parts contract with a Government in the Middle East and a three year technical support contract with the UK Ministry of Defence ("MoD").

Under the terms of the contract in the Middle East, Manroy will supply spare parts for the 0.50" calibre Heavy Machine Gun ("HMG"), which the Company sold to this particular Middle Eastern customer in 2008 in an order for 600 HMGs. Delivery of the spare parts is expected to be around mid-2011.

In addition, Manroy has signed a three year technical support contract with the MoD that covers the Company's current range of products, including HMGs, mounting systems and tripods, together with related data packs, training, trials, testing and research and development. While it is not possible to quantify the precise monetary value of this contract, Manroy has agreed labour and materials costs with the MoD.

Glyn Bottomley, Manroy's Chief Executive, said: "I am delighted we have been able to secure these two valuable contracts so soon after our AIM listing last month. Each is important to the Company as they reflect our strategy of both broadening our customer base as well as further developing our relationship with the MoD."

Ends

For further information please contact:

 
 Manroy Plc                         Tel: 07957 818 347 
  Glyn Bottomley, Chief Executive    Tel: 07885 557 264 
  Paul Carter, Finance Director 
 Arbuthnot Securities Limited       Tel: 020 7012 2000 
  Tom Griffiths 
  Ed Groome 
 Tavistock Communications           Tel: 020 7920 3150 
  Baron Phillips 
  Matt Ridsdale 
 

Notes to Editors:

Manroy is a UK based manufacturer of machine guns, mounts and other associated products. A key Ministry of Defence supplier for 26 years, Manroy currently manufactures, supplies and supports:

-- the 12.7mm M2 Heavy Machine Gun ("HMG"), also known as the 0.50" calibre HMG;

-- the 7.62mm General Purpose Machine Gun ("GPMG"); and

-- weapon tripods and mounting systems.

Manroy is focused on the opportunity to derive further value from existing partner relationships and create additional revenue streams by continuing to expand the product offering, and to move into new territories.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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