Eleco PLC Re: New Contract

TIDMELCO

Eleco PLC

06 August 2013

For release at 07:00 on 6 August 2013

Eleco PLC

("Eleco" or the "Group")

The Construction Software and Building Systems Group

Re: New Contract

"ElecoPrecast(R) secures GBP2.68m Student Accommodation scheme on the former Tyne Tees Television Studios site in Newcastle".

ElecoPrecast(R) Bell & Webster is pleased to announce a new GBP2.68m order from Northern Developments (Cumbria) Ltd, to manufacture and construct 373 student accommodation rooms at the former Tyne Tees Television Studios site in Newcastle.

The GBP20m high-end student accommodation known as 'The Studios U-Student Village' on Newcastle's City Road will be ready for the start of the 2014/2015 academic year.

Once the ground works are complete the new building will comprise of 1680 precast concrete units that will be manufactured off site at Bell & Webster's factory in Grantham, Lincolnshire. Manufacturing commenced in July 2013 with the first delivery and erecting on site anticipated by October, ready for first fix electrics, plumbing and bathroom 'pods' to be installed.

U-Student has developed and currently manages just under 600 student rooms in Carlisle and Sunderland. The company provides high quality and secure accommodation ranging from standard study rooms through to studio apartments. The company is planning further student developments in Manchester, Liverpool, Birmingham and Edinburgh with a target of 3,500 bedrooms by 2018.

Executive Chairman of Eleco plc, John Ketteley, said:

"The student housing and hotel sector is showing signs of improvement, resulting in an increase in enquiries for our RoomSolutions(TM). This is the first project Bell & Webster have worked on for Northern Developments and we look forward to building a strong and lasting relationship with them with a focus, as always, on exceeding the client's expectations."

Eddie Ward of Northern Developments said:

"We have worked very well with Bell & Webster and are now looking forward to getting this project onto site and we hope it leads to many more projects together, as we have high expectations of them".

ElecoPrecast(R) Bell & Webster remain a leader in the design and manufacture of precast concrete hotel and student accommodation rooms.

- ENDS -

For further information please contact:

 
 Enquiries: 
 
 Eleco plc                      www.eleco.com 
 John Ketteley, Executive 
  Chairman                      0207 422 0044 
 Jonathan Hunter, General 
  Manager Of Group Marketing    +44 (0) 7792 215 558 
 
 Cenkos Securities plc 
 Adrian Hargrave                0207 397 8900 
 
 
 Peckwater PR                   tarquin.edwards@peckwaterpr.co.uk 
 Tarquin Edwards                +44 (0) 7879 458 364

Notes to Editors

Eleco is a group focused on key components of a modern construction project with:

   1.   Software tools used to manage building information and the construction project; 
   2.   Building Products used in the fabric of the building and; 
   3.   Sustainable Construction to enhance environmental performance.

Eleco serves a number of different construction markets in the UK and Europe and the Company is listed on the Alternative Investment Market (AIM: ELCO).

The Group is represented by ElecoBuild(c) and ElecoSoft(c). ElecoBuild(c) is now wholly focused on the two precast concrete manufacturing businesses, Bell & Webster Concrete Ltd and Milbury Systems Ltd, under the ElecoPrecast(c) banner. ElecoSoft(c), the profitable international construction software businesses, operates from Sweden, Germany and the United Kingdom".

This information is provided by RNS

The company news service from the London Stock Exchange

END

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