REG - Tekmar Group PLC - Contract Award

TekmarAnnouncement

18/11/2024 07:00

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RNS Number : 5453M  Tekmar Group PLC  18 November 2024

Tekmar Group plc

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

 

Contract Award

Tekmar Group plc (AIM: TGP), a leading provider of technology and services for
the global offshore energy markets, is pleased to announce contract awards
with an aggregate value in excess of £1.5m to deliver specialised offshore
grouting services in partnership with EPIC (Engineering, Procurement,
Installation, and Commissioning) contractors.

These projects, located in the Middle East, are with existing customers and
demonstrate the value of the technical support the Group offers and the
strength of relationships in place. The scope of services highlights Tekmar's
market-leading grouting capabilities, an area of strategic focus and growth
for the Group following a period of investment in the service line. Work on
these projects has commenced and is expected to be completed in the current
financial year.

Richard Turner, CEO of Tekmar Group plc, commented:

"Grouting services are a central part of Tekmar's service offering and growth
strategy and we are committed to further expanding our grouting solutions to
support offshore infrastructure resilience and client requirements worldwide.
These contract awards highlight the customer value of our advanced grouting
capabilities and also aligns with the Group's goal to drive innovation and
sales growth in this critical service line."

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
(http://eepurl.com/cN91l5) .

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