Pressure Technologies PLC Contract (9416O)
06 Febbraio 2023 - 8:00AM
UK Regulatory
TIDMPRES
RNS Number : 9416O
Pressure Technologies PLC
06 February 2023
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the UK version of the EU Market Abuse Regulation (2014/596) which
is part of UK 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.
Pressure Technologies plc
("Pressure Technologies" or the "Company")
Contract Placement
Pressure Technologies (AIM: PRES), the specialist engineering
group, is pleased to announce that its wholly owned subsidiary,
Chesterfield Special Cylinders (CSC), has been awarded a major
contract to supply air pressure vessels for a major UK naval new
construction programme.
Contract placement for pressure vessel manufacturing for the
final phase of the programme is worth GBP18.2 million for CSC,
underpinning current market expectations. Progress has commenced
against early contract milestones and pressure vessels will be
delivered to the programme over the next three years.
Pressure vessels manufactured by CSC form an integral part of
safety-critical onboard systems, including breathing air and
ballasting.
Chris Walters, Chief Executive of Pressure Technologies
commented:
"I am delighted to confirm this major contract award for
Chesterfield Special Cylinders to deliver pressure vessels for a
major UK naval new construction programme.
Underpinning the strong defence order book and outlook for the
Group in FY23, the contract award demonstrates the continued close
collaboration with our major defence customers and recognises the
specialised engineering and manufacturing capabilities of
Chesterfield Special Cylinders."
The person responsible for arranging the release of this
announcement on behalf of Company is Chris Walters, Chief
Executive.
Enquiries:
Pressure Technologies plc Tel: 0330 015 0710
Chris Walters, Chief Executive PressureTechnologies@houston.co.uk
Singer Capital Markets (Nomad and Tel: 0207 496 3000
Broker)
Rick Thompson / Asha Chotai
Houston (Financial PR and Investor Tel: 0204 529 0549
Relations)
Kay Larsen / Ben Robinson
Company Description:
www.pressuretechnologies.com
With its head office in Sheffield, the Pressure Technologies
Group was founded on its leading market position as a designer and
manufacturer of high-integrity, safety-critical components and
systems serving global supply chains in oil and gas, defence,
industrial and hydrogen energy markets.
The Group has two divisions, Chesterfield Special Cylinders and
Precision Machined Components.
Chesterfield Special Cylinders (CSC) -
www.chesterfieldcylinders.com
-- Chesterfield Special Cylinders, Sheffield, includes CSC Deutschland GmbH
Precision Machined Components (PMC) - www.pt-pmc.com
-- Precision Machined Components includes the Al-Met, Roota Engineering and Martract sites
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END
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(END) Dow Jones Newswires
February 06, 2023 02:00 ET (07:00 GMT)
Grafico Azioni Pressure Technologies (AQSE:PRES.GB)
Storico
Da Dic 2024 a Gen 2025
Grafico Azioni Pressure Technologies (AQSE:PRES.GB)
Storico
Da Gen 2024 a Gen 2025
