REG - Tekmar Group PLC - Contract Award for Middle East Project

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RNS Number : 2572Q  Tekmar Group PLC  09 July 2025

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")

 

Contract Award for Middle East Energy Infrastructure Project

 

Tekmar Group plc (AIM: TGP), a leading provider of asset protection technology
and offshore energy services globally, is pleased to announce the award of a
contract to supply bespoke subsea infrastructure technology for a pipeline
project via a major offshore EPC contractor operating in the Middle East.

 

The base case scope is valued at approximately £2.0m, the full amount of
which will be recognised in the current financial year. This covers the design
and manufacture of specialist reinforced concrete support structures for a
large-diameter gas pipeline. There is also potential for additional scope
supporting the broader requirements of the project. Delivery is scheduled to
be completed by September 2025.

 

This latest win further demonstrates Tekmar's unrivalled track record of
delivering engineered solutions to complex offshore projects globally and
strengthens the Group's position in the growing offshore energy markets.

 

Richard Turner, CEO of Tekmar Group, commented: "We are delighted to have been
selected for this significant project in the Middle East, which remains a key
market for the Group. As an existing customer of Tekmar, it underscores the
trust our customers have in our technical expertise and our ability to deliver
high-value infrastructure solutions worldwide."

 

 

Enquiries:

 

 Tekmar Group Plc                                              c/o +44 (0)20 4582 3500
 Richard Turner, CEO

 Leanne Wilkinson, 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

 Heather Armstrong

 

About Tekmar Group plc

 

Tekmar Group plc 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 customer's
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 Newton Aycliffe, 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
(https://investors.tekmar.co.uk/investors/rns-email-alerts/) .

 

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