REG - PipeHawk PLC - £0.75 million contract award

PipehawkAnnouncement

17/05/2024 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240517:nRSQ8101Oa&default-theme=true

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                                Tel. No. 01252 338 959

 Gordon Watt (Chairman)

 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 (http://www.pipehawk.com/)

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  CNTUNVNRSVUVAAR