Tekmar Group PLC New Contract Award (0801B)
31 Mai 2023 - 8:00AM
UK Regulatory
TIDMTGP
RNS Number : 0801B
Tekmar Group PLC
31 May 2023
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it
forms part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with
the Company's obligations under Article 17 of MAR. Upon the
publication of this announcement via a Regulatory Information
Service, this inside information is considered to be in the public
domain.
TEKMAR GROUP PLC
("Tekmar Group" or the "Group")
New Contract Award
Tekmar Group (AIM: TGP), a leading technology and services
provider for the global offshore energy markets, is pleased to
announce a significant new contract award with a total value in
excess of GBP5 million.
The contract is for the design and supply of Tekmar Group's
flagship Generation 10 cable protection system (CPS) product and
associated ancillaries. The CPS units will be manufactured at the
Group's facility in Newton Aycliffe, United Kingdom. Tekmar Group
will utilise its in-house subsea analysis capabilities and
experience to support the project. The project is expected to
commence in 2023 for delivery in 2024.
Alasdair Macdonald, CEO of Tekmar Group, said "This contract
helps consolidate our strong position in the growing offshore wind
market, and is a testament to our strong in-house engineering
capabilities, which enable us to address customer's complex
engineering requirements and optimise and de-risk projects. It also
reflects the strength of our working relationships with project
developers and key supply chain partners. We look forward to
supporting our partners in successfully delivering this
project."
Enquiries:
Tekmar Group plc
Alasdair MacDonald, CEO
Leanne Wilkinson, Interim CFO +44 (0)1325 349 050
Singer Capital Markets (Nominated Adviser
and Joint Broker)
Rick Thompson / George Tzimas +44 (0)20 7496 3000
Berenberg (Joint Broker)
Chris Bowman / Ben Wright / Ciaran Walsh +44 (0)20 3207 7800
Bamburgh Capital Limited (Financial PR & Investor
Relations)
Murdo Montgomery +44 (0) 131 376 0901
The person responsible for arranging for the release of this
announcement on behalf of Tekmar is Leanne Wilkinson, Interim Chief
Financial Officer.
About Tekmar Group plc
Tekmar Group plc (AIM: 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
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END
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