REG - PipeHawk PLC - £1.2 million contract award

PipehawkAnnouncement

23/05/2024 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:20240523:nRSW5488Pa&default-theme=true

RNS Number : 5488P  PipeHawk PLC  23 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.

 

23 May 2024

PipeHawk plc

("PipeHawk", "Company" or the "Group")

 

£1.2 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 major aluminium casting
provider (the "Customer") to deliver a range of assembly and leak testing
systems that will be utilised to assemble and test aluminium diecast
components. The project will generate revenues of approximately £1.2 million
and will take approximately 9 months to deliver.

 

Gordon Watt, Chairman of PipeHawk commented: "This contract award represents a
brand-new client for QM, however a subsidiary of the Customer has been a
long-standing partner for QM for many years. Over these years QM have
delivered a significant number of similar systems to the Customer's subsidiary
and continues to do so. We are excited to welcome this new Customer to QM's
continually expanding partner base."

 

-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  UPDUUOWRSWUVUAR