Sypris Solutions: Gains on orders from two high-pressure energy projects

Sypris Solutions

08/02/2021 18:35

** Shares of oil and gas infrastructure maker  SYPR.O  up
8.26% at $3.12 
    ** Co's unit Sypris Technologies gets orders for specialty
closure products for use in high-pressure oil and gas
applications, including the Anchor Field development project in
the Gulf of Mexico
    ** Production will begin immediately and are expected to be
completed prior to year-end - SYPR
    ** Terms of the purchases were not disclosed
    ** Co also gets order to supply closures for a multiple
compressor system upgrade on a natural gas transmission pipeline
system in N. America
    ** Up to last close, stock nearly doubled YTD

 (Reporting by Rithika Krishna in Bengaluru)
 ((Rithika.Krishna@thomsonreuters.com;))