TP Group remains confident of full-year trading following first half
Mission-critical solutions provider TP Group remains confident of its current trading following the first six months of the year and now expects to deliver full-year results in line with market forecasts.
TP established positions in new and emerging systems and equipment during the first half of its trading year and is now providing innovative solutions for life-support, crew habitation and renewable energy systems in a range of environments.
The AIM-listed group said this had led to "a significant" increase in its sales pipeline.
Elsewhere, further developments in Artificial Intelligence enabled TP to "compete strongly with the largest players in this technology", particularly where systems related to intelligence and security applications.
TP said its technology agreement with Battelle and its acquisition of Sapienza Consulting had further strengthened its global reach, customer base, technology profile and space industry presence, leaving it well placed to explore the "well-funded and highly active" US space and defence sector.
At 1040 BST, TP shares were down 1.66% to 6.52p.