TIDMAVG

Avingtrans PLC

13 January 2020

13 January 2020

Avingtrans Plc

("Avingtrans")

Hayward Tyler Awarded GBP2 million Solar Contract in Dubai

Avingtrans PLC (AIM: AVG), which designs, manufactures and supplies original equipment, systems and associated aftermarket services to the energy and medical sectors, is pleased to announce that its subsidiary, Hayward Tyler, has been awarded a GBP2 million contract to supply a glandless pump package to major Chinese EPC, Shanghai Electric (Group) Corporation, for installation at Bin Rashid Al Maktoum Solar Park Phase IV, a 950MW Concentrating Solar Power (CSP) and Photovoltaic (PV) Hybrid IPP. The project will make use of three different technologies to generate clean energy, consisting of 600MW from a parabolic basin complex, 100MW from a solar tower, and 250MW from PV panels.

The project is acknowledged to be the world's largest investment project using Concentrated Solar Power on a single location, an unprecedented design for an independent power producer. The Dubai solar park is an important project supporting the Dubai Clean Energy Strategy 2050, which aims to increase Dubai's use of clean energy to 75% of their total energy mix by 2050.

Hayward Tyler's glandless pump packages will be a critical part of the Solar Tower Steam Generator System (SGS) and consist of six forced-circulating pumps and four start-circulating pumps. The pumps will serve the 100MW CSP Tower.

As the inventor of glandless Boiler Circulating Pumps, Hayward Tyler has successfully supplied more than 300 units of glandless pumps to Shanghai Electrical Group over the past three decades for its portfolio of power stations.

Alvin Sim, Managing Director for Hayward Tyler Asia Pacific, said: "This contract represents a major opportunity for Hayward Tyler, and the largest ever for our China facility. We are pleased that Shanghai Electric (Group) Corporation has recognized that Hayward Tyler Glandless Pumps will provide the best solutions for these critical services when safety and reliability are of utmost importance."

Mike Turmelle, Managing Director of the Engineered Pumps and Motors Division of Avingtrans, which owns Hayward Tyler, said: "We are elated that our proprietary glandless pumps will contribute to this ambitious project. We're proud to be part of the clean energy market."

Enquiries:

 
 Avingtrans plc                               01354 692391 
 Roger McDowell, Chairman 
  Steve McQuillan, Chief Executive Officer 
  Stephen King, Chief Financial Officer 
 N+1 Singer (Nominated Adviser)               02074 963000 
 Shaun Dobson 
  Lauren Kettle 
 Newgate (Financial PR)                       02076 539850 
 Adam Lloyd 
  Tom Carnegie 
 

About Avingtrans:

Avingtrans designs, manufactures and supplies original equipment, systems and associated aftermarket services to the energy, medical and industrial markets worldwide.

Stainless Metalcraft Ltd - Chatteris, UK and Chengdu, China

Provider of safety-critical equipment for the energy, medical, science and research communities, worldwide, specialising in precision pressure and vacuum vessels and associated fabrications, sub-assemblies and systems.

Business units

Hayward Tyler - Luton & East Kilbride, UK and USA, China and India

Specialises in the design, manufacture and servicing of performance-critical motors and pumps for challenging environments.

Energy Steel, Inc - Lapeer, Michigan, USA

Provider of custom fabrications for the nuclear industry, specialising in: OEM parts obsolescence; custom component fabrication; engineering design solutions; product refurbishment; on-site technical support.

Stainless Metalcraft Ltd - Chatteris, UK and Chengdu, China

Provider of safety-critical equipment for the energy, medical, science and research communities, worldwide, specialising in precision pressure and vacuum vessels and associated fabrications, sub-assemblies and systems.

Booth Industries - Bolton, UK

Designs, manufactures, installs and services specialist doors and walls which can be tailored to be: blast and explosion proof; fireproof; acoustically shielded; high security/safety; or combinations of the above.

Ormandy Group - Bradford, UK

Design, manufacturers and servicing of off-site plant, heat exchangers and other HVAC (heating, ventilation and air conditioning) products.

Peter Brotherhood - Peterborough, UK

Specialises in the design, manufacture and servicing of performance-critical steam turbines, turbo gen-sets, compressors, gear boxes and combined heat and power systems.

Composite Products Ltd - Buckingham, UK

Centre for composite technology, parts and assemblies, serving customers in industrial markets.

Scientific Magnetics - Abingdon, UK

Designs and manufactures superconducting magnet systems and associated cryogenic systems for a variety of markets including MRI and provides service and support for Nuclear Magnetic Resonance instruments.

Tecmag Inc - Houston, USA

Designs, manufactures, tests and installs instrumentation, including full consoles, system upgrades, and solid-state probes, mainly for Magnetic Resonance Imaging (MRI) and Nuclear Magnetic Resonance (NMR) systems.

Crown International Ltd - Portishead, UK

Designs and manufactures market-leading pole and support systems for roadside signage and safety cameras, rail track signalling and gantries.

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 or visit www.rns.com.

END

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January 13, 2020 02:00 ET (07:00 GMT)

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