TIDMPIP 
 
This announcement contains inside information as stipulated under the Market 
Abuse Regulations (EU) no. 596/2014 ("MAR"). With the publication of this 
announcement via a Regulatory Information Service, this inside information is 
now considered to be in the public domain. 
 
                                                               11 December 2019 
 
                                 PipeHawk plc 
 
                         ("PipeHawk" or the "Company") 
 
       Further major contract award by Penso (UK) Ltd and trading update 
 
The Company is pleased to announce that its subsidiary, QM Systems, has been 
awarded a further contract by Penso UK Ltd ("Penso"). 
 
Following the successful installation of the Flava manufacturing system 
(announced in January 2019), QM Systems will provide Penso with an expansion to 
the system to manufacture a larger platform vehicle. The project, worth 
approximately GBP1 million, will start immediately and is due for completion 
within the current financial year. 
 
This contract caps a very strong first half of the current financial year by QM 
Systems. In the period from 1 July 2019 to date (i.e. including the above 
contract), QM Systems had an order intake of GBP3.3 million and quotation 
activity continues to be buoyant. 
 
Adien has also had a strong first half winning a number of contracts assisting 
with the 5G Mast roll-out with a value of several hundred thousand pounds and 
being awarded multi-year framework agreements with two major whisky distillery 
groups to survey all their sites. 
 
Gordon Watt, Chairman of PipeHawk commented, "The follow-on contract from Penso 
is fantastic news and builds on the partnership that Penso and QM have 
established to provide a market leading first of its kind in automated flexible 
lightweight carbon fibre structures.  We are very much looking forward to 
continuing our journey with Penso over the coming months.  I am also very 
encouraged by the order intake to date in this financial year at QM Systems and 
at Adien." 
 
Enquiries: 
PipeHawk Plc                                       Tel. No. 01252 338 959 
Gordon Watt (Chairman) 
 
Allenby Capital Limited (Nomad and Broker)         Tel. No. 020 3328 5656 
David Worlidge / Asha Chotai 
 
Notes to Editors 
 
For further information on the Company and its subsidiaries, please visit: 
www.pipehawk.com 
 
 
 
END 
 

(END) Dow Jones Newswires

December 11, 2019 10:37 ET (15:37 GMT)

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