E2V.L Regulatory News (E2V)

30 Nov 2006 07:00

e2v technologies PLC30 November 2006 e2v technologies plc - Contract Win e2v secures major contract renewal for radiotherapy components e2v technologies, a specialist developer and manufacturer of high technology components and sub-systems, announces a US$16.2m (£9m) contract renewal to supply Varian Medical Systems Inc, headquartered in Palo Alto, US, with electronic tube products for incorporation into linear accelerators, primarily for use in radiotherapy cancer treatment systems. The contract, worth a minimum value of US$16.2m (£9m), is for delivery over a two-year period, and continues to build on our strong position in this sector. The agreement with Varian has the potential to increase in value over the term through additional orders. e2v's electronic tubes form a key enabling technology within linear accelerators, generating and delivering the microwave power required to produce the X-rays used both in the imaging and radiation treatment of tumours as well as cargo screening applications. e2v has been supporting the radiotherapy market for in excess of 30 years and works closely with OEM customers to improve the performance and reliability of their systems. Keith Attwood, Chief Executive of e2v said: "This contract renewal with Varian represents another example of our long term commitment to work closely with strategic partners in developing enabling solutions for applications as diverse as radiotherapy and cargo screening." For further information: e2v technologies plc Tel: 01245 493493Keith Attwood/Mike Hannantwww.e2v.com Gavin Anderson & Company Tel: 020 7554 1400Keith Brookbank/Fergus Wylie NOTES FOR EDITORS: e2v technologies plc e2v technologies is a leading designer, developer and manufacturer of specialised components and subsystems, falling within two product groups: o Electronic tubeso Sensors and Semiconductors These products enable some of the world's leading OEMs to deliver innovative systems for medical and science, aerospace and defence, and commercial and industrial applications. For the year ended 31 March 2006, e2v achieved sales of £112m and is listed on the London Stock Exchange (e2v.l). In July 2006 e2v technologies plc acquired a leading designer, manufacturer and distributor of specialised electronic components and sub-systems, based in Grenoble, France. The acquisition represents an opportunity to strengthen the Group's position as a major global provider of specialised electronic components and subsystems. e2v's products are supplied into three core market areas: o Medical & Science: Sensor technology includes imaging sensors for intra-oral and panoramic dental X-ray, mammography, life science applications and X-ray microscopy. Electronic tubes are the enabling technology behind radiotherapy cancer treatments, microwave medical therapy and high-energy physics. o Aerospace & Defence: Sensor technology includes military surveillance, targeting and guidance, space-based imaging and astronomy, radar & electronic warfare and broadband data converters and microprocessors for aerospace applications. Electronic tubes provide the enabling technology behind radars, electronic countermeasures (ECM), electronic warfare and satellite communications. o Commercial & Industrial: Sensor technology includes marine radars, industrial safety sensors, automotive radars and alarms, thermal imaging cameras used by fire fighters, CCD and CMOS high resolution line scan cameras for industrial inspection. Electronic tubes provide enabling technology behind TV broadcast, satellite communications, marine radar and food & industrial processing. The overall purpose of the business is to grow sustainable shareholder value whilst appropriately meeting the expectations of customers, people, partners, suppliers and the wider community. e2v's vision is to create value through bright ideas in technology and materials science. The Company's mission is to place customers at the heart of the business, providing enabling products of premium quality that extend technical barriers and enhance the competitive position of our partners. e2v has approximately 1,800 employees worldwide with three UK based manufacturing sites in Chelmsford, Lincoln and High Wycombe, and one in Grenoble, France. In addition e2v has sales offices in the UK, USA, Germany and France, as well as a network of distributors and representatives covering other key territories. Further information on e2v technologies plc is available from its website, www.e2v.com This information is provided by RNS The company news service from the London Stock Exchange