APR Apr Energy

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RNS Number : 1484P

APR Energy PLC

29 September 2011

For Immediate Release 29 September 2011

APR Energy plc ("APR") (LSE: APR)

APR signs a Global Framework Agreement with Caterpillar Inc, and Caterpillar dealer Ring Power

Today APR, the rapidly growing provider of temporary power solutions, announces that it has signed a global framework agreement with Caterpillar Inc ("Caterpillar") (NYSE: CAT) and CAT dealer, Ring Power ("Ring Power") to partner globally in pursuing temporary power solutions for the growing international power projects ("IPP") market.

The five-year agreement will see APR working with Caterpillar, Ring Power and the global CAT dealer network to source and fulfil temporary power plant opportunities.

Through this agreement APR gains clear visibility on an integrated supply chain as Caterpillar, via Ring Power, will supply diesel and gas reciprocating power modules on beneficial terms. In addition, APR is expected to benefit from an increased flow of temporary power opportunities via the global network of CAT dealers as well as world-class aftermarket sales and support.

Caterpillar will benefit from an increased presence, on a global basis, in the IPP market with this partnership with APR, a leading provider of temporary power solutions. Ring Power will supply CAT mobile generator sets to APR designed specifically for the IPP market, as well as application, engineering and sales support to APR. Members of the CAT dealer network will benefit from the potential opportunity to provide after sales services to international power projects that may otherwise have been secured by non-Cat suppliers.

Today's announcement is the latest of a number of steps to secure the expansion and strategic enhancement of APR's generator fleet and to optimise APRs ability to source new contract opportunities. It is envisaged that this partnership will complement the planned establishment of APR's three regional operating hubs. The planned sales, marketing and technical functions within those hubs will enable APR to respond more rapidly to the anticipated increased pipeline of opportunities while simultaneously offering the security and response levels of a leading global servicing solution.

This agreement builds upon APR's existing relationship with Caterpillar established over a number of years. In parallel, APR maintains strong relationships with other key suppliers to support its strategy of maintaining a diverse fleet, including dual fuel turbines. The continuing development of these relationships puts APR in an increasingly strong position to maximise the significant opportunities in the IPP market.

A joint press release on the framework agreement has also today been released by Caterpillar, Ring Power and APR.

ENQUIRIES:

Citigate Dewe Rogerson Consultancy

Anthony Carlisle +44 7973 611 888 +44 (0) 20 7638 9571

Notes to Editors

About APR Energy plc:

Based in Jacksonville, Florida, and quoted on the London Stock Exchange, APR is a fast growing, pure play fast track provider of large scale, temporary power solutions. It is focused on the rapidly growing power plant market in emerging markets, where the supply/demand imbalance is most acute, as well as event-led opportunities. APR designs, installs, operates and maintains turnkey power solutions, used for applications, including Peak shaving, Distributed generation, Supplemental power, Grid stability and support, Emergency generation and Industrial power generation. Its fleet is technologically advanced with a low weighted average age and is differentiated by its ability to provide dual fuel turbine generators as well as diesel and natural gas modules. For the two financial years to end December 2010, its revenue grew 235%. Revenue for August 2011 was up 93% over the same month the previous year. Additional information can be found at: www.aprenergy.com

This information is provided by RNS

The company news service from the London Stock Exchange

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