REG - Avingtrans PLC - Contract Wins

AvingtransAnnouncement

17/03/2022 07:00

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RNS Number : 0516F  Avingtrans PLC  17 March 2022

17 March 2022

Avingtrans Plc

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

Contract Wins

 

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 new contract wins for Booth
Industries, Energy Steel and Hayward Tyler, Inc.

Booth Industries Secures £6m Contract Win

Booth Industries, the Bolton-based manufacturer of high-integrity
performance-assured protection systems, has strengthened its position in the
nuclear market with a contract worth approximately £6 million to supply
specialist doors for a UK Government agency. The contract comes c.12 months
after Booth was awarded a similar contract and continues the company's
impressive turnaround since its acquisition by Avingtrans Plc in 2019.

This significant contract win reinforces Booth's position as the leading
specialist door supplier in the nuclear and defence industries. Winning this
contract not only recognises the Group's ability to design and manufacture
reliable, performance-assured solutions for this security-critical industry,
but also Booth's growing reputation for delivery and aftercare, which is built
on decades of experience in the sector.

Austen Adams, managing director of Avingtrans' Process Solutions and Rotating
Equipment division, commented:

"We're delighted that the Booth success story continues to gather momentum,
with the business making a strong contribution to the division's growing
profile in the nuclear industry. The team has created a strong order pipeline
and, with a new manufacturing facility that takes its overall manufacturing
capacity to 6,400m2, it also has the capacity it needs to support continuing
growth.

"When we acquired the assets of the business in 2019, we could not have
foreseen the challenges that would be thrown up by the Covid-19 pandemic over
the next two years, but the team has pulled together tremendously during that
time, turning around the business and creating strong foundations on which to
build. It's exciting times for everyone associated with the business and we're
looking forward to delivering another critical infrastructure project for one
of our key customers."

Energy Steel and Hayward Tyler, Inc. Secure Contracts to Support ITER Fusion
Project

Energy Steel and Hayward Tyler, Inc. have been awarded multi-million dollar
contracts to support the ITER project in France. Energy Steel's contract will
supply 62 solenoid valve and cubicle packages and Hayward Tyler's will supply
variable drive booster pumps.  These contracts follow previous awards that
ITER has made to the Engineered Pumps and Motors Division of Avingtrans.

The ITER project is a joint international research and development venture
with the programmatic goal of demonstrating the scientific and technical
feasibility of fusion power. The demonstration facility is under construction
in St.-Paul-lez-Durance, France, and will be the largest fusion experimental
reactor in the world.

Energy Steel's solenoid valve and cubicle packages will be an integral part of
the primary cooling water system (TCWS) and will be used to control heat
removal from ITER's magnetic fusion reactor. The solenoid valve and cubicle
package will be in accordance with various international and project-specific
standards and delivered to the ITER facility in France.

Hayward Tyler's booster pumps will be an integral part of the drying system
for the Tokamak Cooling Water System (TCWS) and will be designed, built, and
tested at Hayward Tyler, Inc. in Colchester, Vermont.

Mike Turmelle, Managing Director of the Engineered Pumps and Motors Division
of Avingtrans, said:

"We are elated that two of our companies can supply products that will
contribute to this ambitious project. We're committed and proud to contribute
to the advanced nuclear industry."

 

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

 Provider of custom fabrications for the nuclear industry, specialising in: OEM
 parts obsolescence; custom fabrications; 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 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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