REG - Infrastrata PLC - Contract Award

Harland & Wolff groupAnnouncement

11/05/2021 07:00

RNS Number : 1520Y
  
Infrastrata PLC
  
11 May 2021
  
 

11 May 2021 
InfraStrata plc
("InfraStrata" or the "Company")
 
Two-Vessel Contract Award
 
InfraStrata plc (AIM: INFA), the UK quoted company focused on strategic infrastructure projects and physical asset lifecycle management, is pleased to announce that it has won a contract award from a globally recognised ferry company for the repairs of two of its ferries at Harland & Wolff (Belfast).
The two-vessel deal is valued at approximately £1.60 million and the completion of the repair works on both vessels is expected by mid-June 2021. The works are being carried out at the Group's repair dock at its Harland & Wolff (Belfast) site. 
John Wood, CEO of Infrastrata, commented: "I am very pleased that we have signed a two-vessel deal with our client. We are now seeing the positive effects of the UK's successful vaccination programme emerging in that clients and vessel owners are discussing and committing to larger spend profiles on their vessels. Going into the third and fourth quarters of this calendar year, should the vaccination programme continue to be successful and the economy continues its recovery, we should be in a position to win further contracts of larger value given that we have time and again demonstrated our technical and commercial capabilities to the satisfaction of vessel owners. We expect to make further announcements to the market in due course." 
 
For further information, please visit www.infrastrataplc.com or contact:
 




InfraStrata plc
John Wood, Chief Executive
Seena Shah, Head of Marketing & Communications
 


+44 (0)20 3900 2122
investor@infrastrataplc.com
 




Cenkos Securities plc (Nominated Adviser & Broker)
Stephen Keys / Callum Davidson (Corporate Finance)
Michael Johnson (Sales)
 


+44 (0)20 7397 8900




 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
  END
 
 
CNTEAASEFAXFEAA