This
announcement contains inside information for the purposes of
Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms
part of UK domestic 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 is considered to be in the public
domain.
TEKMAR GROUP
PLC
("Tekmar
Group", "Tekmar" or the "Group")
New Contract
Award
Tekmar Group (AIM: TGP), a leading
provider of products and solutions for the global offshore energy
market, announces a significant contract award with a value in
excess of €4 million.
The contract is for the design and
supply of Tekmar Group's flagship Generation 10 cable protection
system (CPS) product and associated ancillaries. The CPS units will
be installed throughout a European wind farm project, which is part
of a larger regional development. The CPS units will be
manufactured at the Group's Newton Aycliffe, United Kingdom
facility. Tekmar Group will utilise its in-house subsea analysis
capabilities and experience to support the project. The project
will commence immediately and be delivered in December
2025.
Alasdair MacDonald, CEO of Tekmar
Group, said "This contract, where we are partnering with a new
customer, is testament to our strong in-house engineering
capabilities, which enable us to address customers' complex
engineering requirements and optimise and de-risk projects. The
award helps consolidate our strong position in the European
offshore wind market and reflects the strength of our working
relationships with project developers and key supply chain
partners. We look forward to supporting our partners in
successfully delivering this project."
Enquiries:
Tekmar Group plc
Alasdair MacDonald, CEO
Leanne Wilkinson, CFO
|
Via
Gracechurch Group
|
Singer Capital Markets (Nominated Adviser and Joint
Broker)
Rick Thompson / Sam
Butcher
|
+44 (0)20
7496 3000
|
Berenberg (Joint Broker)
Ben Wright / Ciaran Walsh
|
+44 (0)20
3207 7800
|
Gracechurch Group (Financial Media & Investor
Relations)
Murdo Montgomery / Heather
Armstrong
|
+44 (0)204
582 3500
|
The person responsible for arranging
the release of this announcement on behalf of Tekmar is Leanne
Wilkinson, Chief Financial Officer.
About Tekmar Group
plc
Tekmar Group plc (AIM: TGP)
collaborates with its partners to deliver robust and sustainable
engineering led solutions that enable the world's energy
transition.
Through our Offshore Energy and
Marine Civils Divisions we provide a range of engineering services
and technologies to support and protect offshore wind farms and
other offshore energy assets and marine infrastructure. With nearly
40 years of experience, we optimise and de-risk projects, solve
customers' engineering challenges, improve safety and lower project
costs. Our capabilities include geotechnical design and analysis,
simulation and engineering analysis, bespoke equipment design and
build, subsea protection technology and subsea stability
technology.
We have a clear strategy focused on
strengthening Tekmar's value proposition as an engineering
solutions-led business that offers integrated and differentiated
technology, services and products to our global customer
base.
Headquartered in Newton Aycliffe,
UK, Tekmar Group has an extensive global reach with offices,
manufacturing facilities, strategic supply partnerships and
representation in 18 locations across Europe, Africa, the Middle
East, Asia Pacific and North America.
For more information visit:
www.tekmargroup.com