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RNS Number : 8275T
Tekmar Group PLC
27 July 2022
 

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 will be considered to be in the public domain.

 

 

TEKMAR GROUP PLC

("Tekmar Group" or the "Group")

 

NEW CONTRACT AWARD

 

Tekmar Group (AIM: TGP), a leading provider of technology and services for the global offshore energy markets, is pleased to announce a significant new contract award to supply 100 Cable Protection Systems ("CPS") for use on multiple offshore wind farms in the Shangdong and Guangdong provinces of China. The contract value is for £1.6m and the systems are expected to be delivered through 2022.

 

Alasdair MacDonald, CEO of Tekmar Group, said: "This award is a continuation of our recent contract momentum and builds on our success in the important Chinese market. The contract reflects the hard work of our team in Shanghai and strengthens the Group's presence in the region, supporting our global growth strategy."

 

Enquiries:

 

Tekmar Group plc

Alasdair MacDonald, CEO

Derek Bulmer, CFO

 

+44 (0)1325 349 050

Singer Capital Markets (Nominated Adviser and Joint Broker)

Rick Thompson / Rachel Hayes

 

+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 Derek Bulmer, Chief Financial Officer. 

 

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 near 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 which 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

Subscribe to further news from Tekmar Group at Group News

 

 

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