E2V.L Regulatory News (E2V)

29 Mar 2007 07:01

e2v technologies PLC29 March 2007 29th March 2007 e2v secures major contract wins worth £10.4m e2v technologies, a specialist developer and manufacturer of high technologycomponents and sub-systems announces two key contract wins worth a total of£10.4m. e2v has announced that they have renewed a contract with TomoTherapy Inc, Wisconsin, US, worth US$12m (£6.3m). e2v will supply magnetrons and compact modulators from its electronic tube division for incorporation into the TomoTherapy Hi-Art(R) radiation therapy system, used in radiotherapy cancer treatment. e2v's products form a key enabling technology within the Hi-Art(R) system, generating and delivering the microwave power required to produce the X-rays used both in the imaging and radiation treatment of tumours. In addition, e2v has won a follow on contract to supply vital defence electronicsubsystems, which utilise e2v's electronic tube technology, to the UK Ministryof Defence. The order, worth £4.1m, will be delivered within the next fourmonths. "Today's announcement demonstrates our position as a strategic supplier of electronic tube products into diverse markets," said Keith Attwood, Chief Executive of e2v. For further information: e2v technologies plc Tel: 01245 493493Keith AttwoodMike Hannantwww.e2v.com Gavin Anderson & Company Tel: 020 7554 1400Keith BrookbankMichael Turner 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 innovativesystems 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 products for 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, France and Hong Kong, 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