REG - Avingtrans PLC - Hayward Tyler Contract Win

AvingtransAnnouncement

13/11/2023 07:00

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RNS Number : 1561T  Avingtrans PLC  13 November 2023

13 November 2023

Avingtrans Plc

 

("Avingtrans" or the "Group")

 

Hayward Tyler Contract Win

 

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 that its U.S.-based subsidiary,
Hayward Tyler Inc., has been awarded a contract by TerraPower for the design
and development of Primary and Intermediate Sodium Pumps to support the
Natrium(TM) Reactor Demonstration Project This is a multi-phased award over a
period of three to four years, beginning in November 2023 and commencing at
approximately $10 million.

 

The Natrium Reactor Demonstration Project is located in Wyoming, in the
western United States, and is being developed near a retiring coal plant. Upon
completion, the Natrium plant will be a fully functioning commercial power
plant.

 

The pumps being developed as part of this award play a vital role in
circulating liquid sodium within the primary heat transport system and
transferring coolant to the intermediate heat transport system.

 

The pumps will undergo a meticulous phased design process, involving the
development and testing of multiple sub-components, ensuring the highest level
of technical readiness for qualification testing. Hayward Tyler will leverage
decades of experience in designing large vertical pumps for the existing civil
nuclear fleet, as well as its recent work with the ASME Section 3, Division 5
code.

 

This award will create new employment opportunities and enhance the
capabilities of Hayward Tyler's expanding technical team in Colchester,
Vermont. Upon completion of the initial phase, TerraPower may elect to
exercise its option to have Hayward Tyler manufacture the production pumps for
the demonstration project. The award of this contract presents a significant
growth prospect within one of Hayward Tyler's core markets.

 

Drew Van Norman, President of Hayward Tyler Inc., commented:

 

"Execution of this contract will build upon years of strong working
relationship between Hayward Tyler Inc. and TerraPower in the field of high
temperature, nuclear quality and critical-to-function reactor pumps.  Hayward
Tyler has long appreciated TerraPower's approach to developing and
commercialising advanced reactors in an effort to bring high volumes of
carbon-free, nuclear energy to a variety of new and traditional consumers.''

 

 

ENDS

 

 

Enquiries:

 

 Avingtrans plc                                          01354 692 391

 Roger McDowell, Chairman

 Steve McQuillan, Chief Executive Officer

 Stephen King, Chief Financial Officer

 Singer Capital Markets (Nominated Adviser and Broker)   020 7496 3000

 Shaun Dobson

 Alex Bond

 Oliver Platts

 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 & Nottingham, UK, 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

 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 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.

 Composite Products Ltd - Buckingham, UK

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

 Adaptix Ltd - Oxford, UK

 Adaptix has developed novel 3D X-ray for Orthopaedic and Veterinary
 applications amongst others. Commercialisation of this system (and others) is
 on-going.

 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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