REG - PipeHawk PLC - Contract to assemble an Aero E-Motor Component

PipehawkAnnouncement

10/10/2022 10:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221010:nRSJ3265Ca&default-theme=true

RNS Number : 3265C  PipeHawk PLC  10 October 2022

This announcement contains inside information as stipulated under the Market
Abuse Regulations (EU) no. 596/2014 (which forms part of domestic UK law
pursuant to the European Union (Withdrawal) Act 2018) ("MAR"). With the
publication of this announcement via a Regulatory Information Service, this
inside information is now considered to be in the public domain.

 

 

10 October 2022

 

PipeHawk plc

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

 

Contract award to assemble an Aero E-Motor Component Part

 

PipeHawk is pleased to announce that QM Systems Limited ("QM"), one of the
Group's principal subsidiaries, has been awarded a project to deliver a
manufacturing assembly system for assembling a rotor component that will be
used in an Aerospace E-Motor.

 

The project entails a significant investment by a leading aerospace client
into electric aero propulsion for light aircraft and will involve the fully
automated assembly of a magnetized rotor assembly.

 

The project will launch immediately and has a value of approximately £1.6
million, which is to be delivered within the next 12 months.

 

Gordon Watt, Chairman of PipeHawk, commented: "The award of this project
enables QM to continue to develop its projects business into New and Green
Tech markets across a diverse range of industries. QM has a long-established
trading history within the Aerospace Sector providing both assembly and test
solutions utilised in jet engine manufacture. This project capitalises on QM's
experience within Aerospace markets to develop systems with an environmentally
friendly footprint.

 

Enquiries:

 

 PipeHawk Plc                        Tel. No. 01252 338 959

 Gordon Watt (Chairman)

 Allenby Capital (Nomad and Broker)  Tel. No. 020 3328 5656

David Worlidge/Vivek Bhardwaj

 

Notes to Editors

 

For further information on the Company and its subsidiaries, please visit:
www.pipehawk.com (http://www.pipehawk.com/) (http://www.pipehawk.com/)

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  UPDGPGUGUUPPUBU