REG - Tekmar Group PLC - £2m Contract Awards on Japanese Offshore Project

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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 10(th)
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 plc                                              c/o +44 (0)20 4582 3500
 Richard Turner, CEO

 Phil Lanigan, CFO

 Cavendish Capital Markets Limited (Nomad and Broker)          +44 (0)131 220 9772
 Peter Lynch

                                                             +44 (0)131 220 9771
 Neil McDonald

                                                             +44 (0)131 220 9775
 Pearl Kellie

 Gracechurch Group (Financial Media & Investor Relations)      +44 (0)20 4582 3500

 Murdo Montgomery

 Alexis Gore

 

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 (http://www.tekmargroup.com/)

 

 

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