Tekmar Group PLC New Contract Award

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Tekmar Group PLC

16 November 2023

TEKMAR GROUP PLC

("Tekmar Group" or the "Group")

New Contract Award

Tekmar Group (AIM: TGP), a leading technology and services provider for the global offshore energy markets, is pleased to announce a new contract award with a total value in excess of GBP2.5 million.

The contract is for the design and supply of TekDuct, one of Tekmar Group's cable protection products, ballast modules and associated ancillaries for a significant subsea project in the Middle East and is expected to be delivered in the second quarter of 2024.

Alasdair Macdonald, CEO of Tekmar Group, said "This contract highlights our strong position in the Middle East, a strategically important market for us, where we are well positioned to support our customers' complex engineering requirements in the region. We look forward to supporting our partners in successfully delivering this project."

Enquiries:

 
Tekmar Group plc 
 Alasdair MacDonald / Leanne Wilkinson                +44 (0)1325 349 050 
Singer Capital Markets (Nominated Adviser and 
 Joint Broker) 
 Rick Thompson / Sam Butcher                        +44 (0)20 7496 3000 
Berenberg (Joint Broker) 
 Ben Wright / Ciaran Walsh                           +44 (0)20 3207 7800 
Bamburgh Capital Limited (Financial PR & Investor 
 Relations) 
 Murdo Montgomery                                   +44 (0) 131 376 0901

About Tekmar Group plc

Tekmar Group plc (AIM: TGP) 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 customers' 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 Darlington, 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 
   Subscribe to further news from Tekmar Group at   Group News

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November 16, 2023 02:00 ET (07:00 GMT)

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