REG - Tekmar Group PLC - Contract in the Middle East

TekmarAnnouncement

17/11/2025 07:00

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RNS Number : 7636H  Tekmar Group PLC  17 November 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 in the Middle East

 

Tekmar Group plc (AIM: TGP), a leading provider of asset protection technology
and offshore energy services, is pleased to announce it has won a new contract
valued in excess of €3.5 million to supply cable protection technology to a
major offshore energy project in the Middle East, with delivery scheduled by
June 2026.

 

The award is Tekmar's largest polyurethane cable protection contract to date
with this customer, a leading global oilfield services provider. The
increasing value being a reflection of the customer's growing trust and
confidence in Tekmar's ability to deliver larger and more complex projects in
the region.

 

This latest success reinforces Tekmar's position as a trusted leader in asset
protection technology, supported by a proven track record of delivery for
major customers.

 

Richard Turner, CEO of Tekmar, said:

"This award highlights our continued growth in the Middle East and the
confidence customers place in Tekmar's proven technology and engineering
expertise. We are seeing strong momentum in regional demand for cable
protection, following the $10 million Middle East contract announced in
September. Through a combination of innovation, proven performance, and
customer focus, Tekmar continues to be recognised as the partner of choice for
protecting the world's most critical offshore assets."

 

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 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/)

 

 

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