TEKMAR GROUP
PLC
("Tekmar Group" or the
"Group")
CONTRACT
AWARDS
Tekmar Group (AIM: TGP), a leading
provider of products and solutions for the global offshore energy
market, is pleased to announce it has recently secured a number of
contract awards, with a cumulative value of approximately £6
million.
Contract awards
· Tekmar
subsidiary Pipeshield International has been awarded contracts with
a combined value in excess of £4 million. The contracts
comprise the manufacture
and supply of concrete mattresses and sleepers to support subsea
pipelines, PRP rock bags and lifting equipment rental.
The contracts are scheduled for delivery in the
current financial year ending 30 September 2024.
· Separately, Tekmar's offshore wind business has secured a
contract award of approximately £2 million with a tier one offshore
wind contractor for the design and supply
of Tekmar Group's flagship Generation 10 cable protection system
(CPS) product and associated ancillaries.
Delivery of the CPS systems is scheduled for September
2025.
· These
contract awards support order intake of approximately £23 million
in the financial year to date.
Alasdair MacDonald, CEO,
commented: "These contract wins highlight a
number of the themes we outlined in our recent results: we are
continuing to secure contract volume on more favourable terms and
our pipeline and enquiry book remains healthy across the Group.
Additionally, our Pipeshield business
continues to win significant and profitable contracts balancing our
offshore wind opportunity and building on its strong performance in
2023."
Enquiries:
|
Tekmar Group plc
Alasdair MacDonald, CEO
Leanne Wilkinson, CFO
|
+44
(0)1325 349 050
|
|
Singer Capital Markets (Nominated Adviser and Joint
Broker)
Rick Thompson / Sam
Butcher
|
+44 (0)20
7496 3000
|
|
Berenberg (Joint Broker)
Ben Wright / Ciaran Walsh
|
+44 (0)20
3207 7800
|
|
Bamburgh Capital Limited (Financial PR & Investor
Relations)
Murdo Montgomery
|
+44 (0)
131 376 0901
|
About Tekmar Group
plc
Tekmar Group plc (LON: TGP)
collaborates with its partners to deliver robust and sustainable
engineering led solutions that enable the world's energy
transition.
Through our Offshore Energy and
Marine Civils Divisions we provide a range of engineering services
and technologies to support and protect offshore wind farms and
other offshore energy assets and marine infrastructure. With nearly
40 years of experience, we optimise and de-risk projects, solve
customers' engineering challenges, improve safety and lower project
costs. Our capabilities include geotechnical design and analysis,
simulation and engineering analysis, bespoke equipment design and
build, subsea protection technology and subsea stability
technology.
We have a clear strategy focused on
strengthening Tekmar's value proposition as an engineering
solutions-led business that offers integrated and differentiated
technology, services and products to our global customer
base.
Headquartered in Darlington, UK,
Tekmar Group has an extensive global reach with offices,
manufacturing facilities, strategic supply partnerships and
representation in 18 locations across Europe, Africa, the Middle
East, Asia Pacific and North America.
For more information visit:
www.tekmargroup.com