RCS - Avingtrans PLC - Energy Steel Secures Nuclear Contract worth $4.1m

AvingtransAnnouncement

21/03/2022 07:15

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RNS Number : 3300F  Avingtrans PLC  21 March 2022

21 March 2022

Avingtrans Plc

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

Energy Steel Secures Nuclear Contract worth $4.1m

 

Avingtrans PLC (AIM: AVG), which designs, manufactures and supplies critical
components, modules, systems and associated services to the energy, medical
and industrial sectors, is pleased to announce Energy Steel has been awarded a
$4.1M contract from Nuclear Waste Partnership LLC.

Energy Steel, part of the Engineered Pumps and Motors Division of Avingtrans
plc and leader in high quality components, fabrications, and materials for the
nuclear energy sector, has been awarded a $4.1M contract from Nuclear Waste
Partnership LLC. The contract, which is expected to be completed by June
2023, includes the supply of materials and subassemblies required for the
waste isolation pilot plant (WIPP), the nation's only deep geological
long-lived radioactive waste repository. The materials and subassemblies will
be used in the construction of the TRUPACT-II and HalfPACT Type B packages
developed by the U.S. Department of Energy. Both packages are utilized as a
safe means for the transportation of transuranic materials and designed to
reduce the number of radioactive shipments.

 

Drew Baker, President of Energy Steel, commented:

 

"We're delighted that Energy Steel continues to gather momentum and this
contract supports continuing growth. Energy Steel has been serving the nuclear
industry over the last 40 years, and we are honored to support one of the most
ambitious energy projects in the world today."

 

Enquiries:

 Avingtrans plc                                         01354 692391
 Roger McDowell, Chairman

 Steve McQuillan, Chief Executive Officer

 Stephen King, Chief Financial Officer

 Singer Capital Markets (Nominated Adviser and Broker)  02074 963000
 Shaun Dobson

 Alex Bond

 Oliver Platts

 Rachel Hayes

 IFC Advisory (Financial PR)                            020 3934 6630
 Graham Herring

 Tim Metcalfe

 Zach Cohen

 

 

About Avingtrans plc:

 

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

 

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 - Rochester Hills, Michigan, USA

 Energy Steel, part of the Engineered Pumps and Motors Division of Avingtrans
 plc, has been serving the nuclear power industry since 1982 with capabilities
 in equipment fabrication, material supply, precision machining, engineering,
 and repair services. Through strategic OEM partnerships, it also provides
 solutions for obsolete nuclear components and support for the most complex
 projects.

 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 doors and walls which can be
 tailored to be: blast &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

 Composite Products Ltd - Buckingham, UK

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

 Magnetica Ltd - Brisbane, Australia

 Magnetica Limited specialises in the development of next generation MRI
 technologies, including dedicated extremity MRI systems and MRI system
 components. Magnetica has successfully built and tested a compact, integrated
 3 Tesla orthopaedic MRI system, demonstrating clinical-quality imaging.
 Commercialisation of this system (and others) is on-going. Magnetica's
 structure now includes two other business units:

 Scientific Magnetics - Abingdon, UK

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

 Tecmag Inc, Houston, USA

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

 

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