PipeHawk PLC £0.75 million contract award
May 17 2024 - 2:00AM
RNS Regulatory News
RNS Number : 8101O
PipeHawk PLC
17 May 2024
This announcement contains inside information as stipulated
under the Market Abuse Regulations (EU) no. 596/2014 (which forms
part of domestic UK law pursuant to the European Union (Withdrawal)
Act 2018) ("MAR"). With the
publication of this announcement via a Regulatory Information
Service, this inside information is now considered to be in the
public domain.
17 May
2024
PipeHawk
plc
("PipeHawk", "Company" or the "Group")
£0.75 million contract
award
PipeHawk is pleased to announce that
QM Systems Limited ("QM"), a subsidiary of PipeHawk plc, has been
awarded a contract with a leading building materials business (the
"Customer") to deliver an assembly line for the manufacture of
flooring tile assemblies. The project will generate revenues of
approximately £750k and will take approximately 10 months to
deliver. The project will utilise QM's core skills in component
handling for the building services industry to provide a bespoke
assembly and handling system.
Gordon Watt, Chairman of PipeHawk commented:
"This is incredibly exciting news for QM and
cements an already established partnership built over the last few
years between the Customer and QM Systems."
-Ends-
Enquiries:
|
PipeHawk plc
Gordon Watt (Chairman)
|
Tel. No. 01252 338 959
|
|
Allenby Capital Limited (Nomad and Broker)
|
Tel. No. 020 3328 5656
|
David Hart / Vivek
Bhardwaj
For further information on the
Company and its subsidiaries, please visit:
www.pipehawk.com
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