SP Systems and Airtech Sign Vacuum Consumables Deal

SP Systems and Airtech announced today that they had concluded a five-year deal in relation to vacuum consumable products.

SP Systems supplies the wind energy, marine and automotive composite markets with a wide range of composite materials. These include formulated resin products, prepregs and reinforcements as well as a complete, independently sourced range of vacuum consumable products which complement the main SP product ranges and enables the company to offer complete materials packages.

Airtech Advanced Materials Group comprises Airtech International Inc (USA), Tygavac Advanced Materials Ltd (UK) and Airtech Europe S.A. (Europe) and is the world's leading manufacturer of vacuum consumable materials and has an unrivalled reputation for quality, service and technical support.

With Airtech and SP operating in many of the same markets, it was recognized by both companies that working together to provide ongoing vacuum consumables solutions would be an attractive proposition for both companies as well as for customers and suppliers.

Under the new arrangements Airtech have purchased SP's main vacuum consumable business, and SP's vacuum consumable product range will now be absorbed into the Airtech product range. In this way SP's former large vacuum consumable customers will have continuity of supply by being able to buy the former SP products directly from Airtech. Secondly, instead of SP supplying its own vacuum consumable products to other customers, such as those in the marine industry, SP will now stock a range of Airtech products for sale to these customers.

Both companies believe that this new agreement will enable them to maintain their independence in the market, and allow each to focus on their respective core activities.

For additional information on this Press Release, please contact:

David Cripps
Head of Marketing
SP Systems
St Cross Business Park
Newport, Isle of Wight
PO30 5WU
U.K.
Tel: +44(0)1983 828124,
Fax: +44 (0) 1983 828100,
E-mail: david.cripps@spsystems.com
Web: www.spsystems.com

Kerry Lee
General Manager
Tygavac Advanced Materials Ltd
Kingsway
West Business Park
Moss Bridge Road
Rochdale
Lancaster
OL16 5LX
U.K.
Tel: +44(0)1706 649222
Email:tygavackal@aol.com