RCS - Tekmar Group PLC - New Contract Award

TekmarAnnouncement

16/11/2023 07:00

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RNS Number : 6105T  Tekmar Group PLC  16 November 2023

TEKMAR GROUP PLC

("Tekmar Group" or the "Group")

New Contract Award

Tekmar Group (AIM: TGP), a leading technology and services provider for the
global offshore energy markets, is pleased to announce a new contract award
with a total value in excess of £2.5 million.

The contract is for the design and supply of TekDuct, one of Tekmar Group's
cable protection products, ballast modules and associated ancillaries for a
significant subsea project in the Middle East and is expected to be delivered
in the second quarter of 2024.

Alasdair Macdonald, CEO of Tekmar Group, said "This contract highlights our
strong position in the Middle East, a strategically important market for us,
where we are well positioned to support our customers' complex engineering
requirements in the region. We look forward to supporting our partners in
successfully delivering this project."

Enquiries:

 Tekmar Group plc

 Alasdair MacDonald / Leanne Wilkinson                              +44 (0)1325 349 050
 Singer Capital Markets (Nominated Adviser and Joint Broker)        +44 (0)20 7496 3000

 Rick Thompson / Sam Butcher
 Berenberg (Joint Broker)                                            +44 (0)20 3207 7800

 Ben Wright / Ciaran Walsh
 Bamburgh Capital Limited (Financial PR & Investor Relations)       +44 (0) 131 376 0901

 Murdo Montgomery

 

About Tekmar Group plc

 

Tekmar Group plc (AIM: TGP) collaborates with its partners to deliver robust
and sustainable engineering led solutions that enable the world's energy
transition.

 

Through our Offshore Energy and Marine Civils Divisions we provide a range of
engineering services and technologies to support and protect offshore wind
farms and other offshore energy assets and marine infrastructure. With near 40
years of experience, we optimise and de-risk projects, solve customers'
engineering challenges, improve safety and lower project costs. Our
capabilities include geotechnical design and analysis, simulation and
engineering analysis, bespoke equipment design and build, subsea protection
technology and subsea stability technology.

 

We have a clear strategy focused on strengthening Tekmar's value proposition
as an engineering solutions-led business which offers integrated and
differentiated technology, services and products to our global customer base.

 

Headquartered in Darlington, UK, Tekmar Group has an extensive global reach
with offices, manufacturing facilities, strategic supply partnerships and
representation in 18 locations across Europe, Africa, the Middle East, Asia
Pacific and North America.

 

For more information visit: www.tekmargroup.com (http://www.tekmargroup.com/)

Subscribe to further news from Tekmar Group at Group News
(http://eepurl.com/cN91l5)

 

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