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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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