REG - PipeHawk PLC - Major contract award by Penso (UK) Ltd

PipehawkAnnouncement

18/01/2019 11:40

RNS Number : 5314N
PipeHawk PLC
18 January 2019
 


This announcement contains inside information as stipulated under the Market Abuse Regulations (EU) no. 596/2014 ("MAR"). With the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
18 January 2019
PipeHawk plc
("PipeHawk" or the "Company")
Major contract award by Penso (UK) Ltd
The Company is pleased to announce that its subsidiary, QM Systems, has been awarded a partnership contract by Penso UK Ltd to provide a fully automated production facility for the manufacture of a new carbon fibre product to be installed at Penso UK Ltd's facility in Coventry. The contract value is approximately £2.6 million and is due for completion in October 2019.
Gordon Watt, Chairman of PipeHawk commented, "This is great news and marks the continued development of QM Systems' innovation technology into new and exciting industries. We are very proud to be selected as Penso UK Ltd's partner for this new and exciting journey in both companies' futures"




Enquiries:

PipeHawk Plc

Gordon Watt (Chairman)




Tel. No. 01252 338 959




Allenby Capital Limited (Nomad and Broker)

David Worlidge / Asha Chotai


Tel. No. 020 3328 5656




 
Notes to Editors
For further information on the Company and its subsidiaries, please visit: www.pipehawk.com
 




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