REG-PipeHawk Plc: Trading Update

PipehawkAnnouncement

01/05/2018 07:05

1 May 2018

PipeHawk plc

(“PipeHawk” or the “Company”)

Trading Update

PipeHawk is pleased to provide a trading update, following the release of its
Interim Results on 23 March 2018. In the Chairman’s Statement accompanying
the Interim Results it was stated that there were a number of significant
contracts, with QM Systems, awaiting award over the next 4-6 weeks. The
Company is pleased to announce that four such orders have now been received
with contract values in the range of £150,000 - £500,000 and that total
orders received by QM Systems since the announcement of the Interim Results on
23 March 2018 amount to £1,152,000. As a result, the total orders received by
QM Systems in the four months to 30 April 2018 was £1.9 million. In addition,
the enquiry pipeline remains strong and the Directors remain confident that
the buoyant order intake will be maintained throughout the remainder of this
financial year.

Gordon Watt, Chairman of PipeHawk, stated “Businesses are increasingly
realising the significant advantages that QM Systems’ one stop shop approach
to no-fault-forward automation provides in terms of productivity, efficiency
and reliability”.

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  



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