APC Technology Group subsidiary wins four key LED contracts

6th Jan 2016 08:18

(ShareCast News) - One of AIM-listed APC Technology Group's subsidiaries has won four major LED lighting contracts worth over £1.15m.Minimise Energy was awarded a contract by Imtech Inviron to supply and install energy efficient LED lighting at 18 London Fire Brigade fire stations.It's part of the first phase of the Brigade's energy efficiency upgrade under the Mayor of London's RE:FIT framework, which is designed to reduce carbon emissions in Greater London.The new lighting will lead to a combined energy saving across all 18 sites of an estimated 385,982kWh.It has also been contracted by Royal Mail Group to supply and install LED lighting solutions at five new sites, following work completed for it in 2015.The company also won a substantial new contract from Cofely Energy Services to supply and install LED lighting at a major London university, including three of its largest buildings.This project also comes under the Mayor of London's RE:FIT framework.Finally, Minimise Energy won a contract to replace outdated lighting at five key Eastbourne Borough Council buildings including Eastbourne Town Hall, and work has already begun.The company said the projects will be delivered in the first three months of 2016.APC Technology Group chief executive Richard Hodgson said: "It is particularly pleasing that these orders are in our refocused and restructured LED business and follow on from those announced in our Water and Distribution divisions before the Christmas break."He said it's also very encouraging that the new contracts comprise of both new and existing customer relationships."We have built an impressive pipeline across a wide customer base and our enhanced processes and procedures will help to ensure the profitability of these contracts for shareholders."