£2m Contract Awards on Japanese Offshore Project

Tekmar

31/03/2026 07:00

RNS Number : 7113Y

Tekmar Group PLC

31 March 2026

 

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR. Upon the publication of this announcement via a Regulatory Information Service, this inside information is considered to be in the public domain.

 

             Tekmar Group plc

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

 

£2m of Contract Awards on Japanese Offshore Wind Project

 

Tekmar Group plc (AIM: TGP), a leading provider of asset protection technology and offshore energy services, is pleased to announce the award of two contracts, with a combined value of £2 million, for an offshore wind farm project in Japan.

 

The main contract involves the supply of Tekmar's market leading 10th generation Cable Protection Technology directly to the wind farm developer.  Work is scheduled to commence immediately, with revenue expected to be recognised across the remainder of FY26 and into H1 FY27.

 

The award follows on from Tekmar providing the preliminary technical analysis, and design work on this project, reflecting the strength of its relationship with this customer and the value of Tekmar's integrated in-house engineering capabilities.

 

This builds on Tekmar's established presence in the Asia-Pacific region and supports the Group's continued success in the increasingly globally diversified offshore wind market, and its long-term growth ambitions set out in Project Aurora.

 

Richard Turner, CEO of Tekmar Group plc, said:

"This award highlights the value of our integrated engineering and technology offering, and our ability to partner with customers throughout the full project lifecycle. It further demonstrates our ongoing success in building a sustainable and diversified order book with multi-year visibility."

 

Enquiries:

 

Tekmar Group plcRichard Turner, CEO
Phil Lanigan, CFO
c/o +44 (0)20 4582 3500
Cavendish Capital Markets Limited (Nomad and Broker)Peter Lynch
Neil McDonald
Pearl Kellie

 +44 (0)131 220 9772
+44 (0)131 220 9771
+44 (0)131 220 9775
Gracechurch Group (Financial Media & Investor Relations)
Murdo Montgomery
Alexis Gore
+44 (0)20 4582 3500

 

About Tekmar Group plc

 

Tekmar Group plc is a leading provider of asset protection technology and offshore energy services, supporting the global energy transition and marine infrastructure markets.

 

Operating across two core divisions - Asset Protection Technology and Offshore Energy Services - the Group delivers proprietary, engineering-led solutions that protect, stabilise and extend the life of critical offshore assets, including offshore wind farms, subsea interconnectors, oil and gas infrastructure, and ports and harbours.

 

With 40 years of experience, Tekmar has delivered asset protection and stabilisation solutions to more than 120 offshore wind projects across 25 countries, supporting over 40GW of installed capacity globally. The Group has deployed over 12,000 cable protection systems, supplied more than 100,000 subsea stabilisation products, and delivered in excess of 300,000 geotechnical and analysis hours, underpinned by a team of specialist engineers across multiple disciplines.

 

Through continuous innovation and scalable engineering and manufacturing capability, Tekmar supports increasingly complex offshore energy and marine infrastructure developments worldwide.

 

Headquartered in Newton Aycliffe, UK, Tekmar Group operates internationally with offices, manufacturing facilities, strategic supply partnerships and representation across Europe, Africa, the Middle East, Asia- Pacific and North America.

 

For more information visit: www.tekmargroup.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 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

 

 
CNTFLFSTVAIIVIR