PipeHawk PLC £1.2 million contract award
May 23 2024 - 2:00AM
RNS Regulatory News
RNS Number : 5488P
PipeHawk PLC
23 May 2024
This announcement contains inside information as stipulated
under the Market Abuse Regulations (EU) no. 596/2014 (which forms
part of domestic UK law pursuant to the European Union (Withdrawal)
Act 2018) ("MAR"). With the
publication of this announcement via a Regulatory Information
Service, this inside information is now considered to be in the
public domain.
23 May
2024
PipeHawk
plc
("PipeHawk", "Company" or the "Group")
£1.2 million contract
award
PipeHawk is pleased to announce that
QM Systems Limited ("QM"), a subsidiary of PipeHawk plc, has been
awarded a contract with a major aluminium casting provider (the
"Customer") to deliver a
range of assembly and leak testing systems that will be utilised to
assemble and test aluminium diecast components. The project will
generate revenues of approximately £1.2 million and will take
approximately 9 months to deliver.
Gordon Watt, Chairman of PipeHawk commented:
"This contract award represents a brand-new client
for QM, however a subsidiary of the Customer has been a
long-standing partner for QM for many years. Over these years QM
have delivered a significant number of similar systems to the
Customer's subsidiary and continues to do so. We are excited to
welcome this new Customer to QM's continually expanding partner
base."
-Ends-
Enquiries:
|
PipeHawk plc
Gordon Watt (Chairman)
|
Tel. No. 01252 338 959
|
|
Allenby Capital Limited (Nomad and Broker)
|
Tel. No. 020 3328 5656
|
David Hart / Vivek
Bhardwaj
For further information on the
Company and its subsidiaries, please visit:
www.pipehawk.com
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