REG - Tekmar Group PLC - US$10m Contract Award

TekmarAnnouncement

Wed 07:00

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RNS Number : 6811Y  Tekmar Group PLC  10 September 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")

 

US$10m Contract Award

 

Tekmar Group plc (AIM: TGP), a leading provider of asset protection technology
and offshore energy services globally, is pleased to announce a significant
new contract award worth in excess of US$10 million, with a leading
international Engineering Procurement & Construction (EPC) contractor.

 

The contract is for the design and manufacture of Tekmar's industry-leading
polyurethane cable protection system, TekDuct, along with engineered ballast
modules, for a major offshore energy project in the United Arab Emirates. Work
on the contract will commence immediately, with final delivery scheduled for
Q1 2026.

 

Richard Turner, CEO of Tekmar Group, commented:

"We are delighted to partner again with this major customer on a significant
energy project. This award reflects our strong presence and track record in
the Middle East and underpins our position as a market leader in supporting
customers with high-quality engineered asset protection technology.  This
contract is also an important marker as we translate our healthy pipeline to
good quality orders and build the platform for sustained growth for 2026 and
beyond."

 

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

 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/)

 

 

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