Hayward Tyler Group PLC Contract Wins (0021Q)
November 24 2016 - 2:01AM
UK Regulatory
TIDMHAYT
RNS Number : 0021Q
Hayward Tyler Group PLC
24 November 2016
24 November 2016
Hayward Tyler Group plc
Contract Wins
Hayward Tyler Group plc ("HTG", the "Company" or "Group"), the
specialist engineering group, comprising the operating companies of
Hayward Tyler and Peter Brotherhood, is pleased to announce a
series of contract wins, totalling in excess of GBP4.5m which have
been won by the Group.
Primarily, Hayward Tyler has secured two orders from Eureka
Pumps AS for operators in the North Sea for: a motor unit for a
firewater pump application at the Gudrun field, which is operated
by Statoil; and a motor unit for a seawater lift pump application
for the Edvard Greig field operated by Lundin Petroleum. The
delivery of these offshore products further demonstrates the
breadth of HTG's portfolio for delivering applications to the Oil
and Gas sector, and complements the recent awards for subsea
installations off the coast of Brazil and the west coast of
Africa.
Additionally, the Group has also won a contract with Korea Hydro
Nuclear Power to replace certain existing Hayward Tyler pumps which
have been in operation for 14 years at their Hanbit power plant, as
well as the supply of backup parts. The existing system has been in
operation since 2002, demonstrating the longevity of its engineered
products.
Peter Brotherhood is also pleased to announce its first contract
as part of HTG for a Tri-generation Combined Heat and Power system,
which will not only provide heat or cooling or a combination of
both, but also a significant electrical output.
Commenting on these wins, Ewan Lloyd-Baker, CEO said:
"We are delighted to be announcing these new contract wins which
confirm that momentum is continuing to build throughout HTG. They
are testament to the confidence that key clients have in our
products and the teams that help deliver them, and having now
shipped the S-Oil project, we remain committed to delivering world
class products on time in full and right first time across the
Group."
The information communicated in this announcement contains
inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) No. 596/2014.
For further information:
Hayward Tyler Group plc +44 (0)1582 731 144
Ewan Lloyd-Baker, CEO
Nick Flanagan, CFO
FinnCap Limited-NOMAD and Broker +44(0)20 7220 0500
Matt Goode, Corporate Finance
Emily Watts. Corporate Finance
Tin Redfern, Corporate Broking
Tony Quirke, Corporate Broking
Akur Limited - Corporate Finance Adviser +44 (0) 20 7493
3631
David Shapton
Tom Morrell
Buchanan Communications, Financial PR +44(0)207 466 5000
Charles Ryland
Chris Judd
Jane Glover
This information is provided by RNS
The company news service from the London Stock Exchange
END
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