PipeHawk PLC Contract award with RCR Industrial Flooring S.L.U (0157Z)
12 Septiembre 2022 - 1:01AM
UK Regulatory
TIDMPIP
RNS Number : 0157Z
PipeHawk PLC
12 September 2022
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.
12 September 2022
PipeHawk plc
("PipeHawk", "Company" or the "Group")
Contract award to deliver a manufacturing system for a Floor
Joint System
PipeHawk is pleased to announce that QM Systems Limited ("QM"),
one of the Group's principal subsidiaries, has been awarded a
contract (the "Contract") by RCR Flooring Products, the
manufacturing division of RCR Industrial Flooring S.L.U. ("RCR") to
deliver a manufacturing system for a floor jointing system .
The Contract will make use of the latest automation technology
to provide a turnkey solution for the manufacture of a floor joint
system.
RCR is an international group that offers integrated floor
services ranging from design to construction.
The Contract will generate approximately GBP1m of revenue for QM
with approximately one third of which will be paid immediately with
the remainder paid over the duration of the Contract. It is
expected that work will commence immediately and delivery is
expected within the next 12 months.
Gordon Watt, Chairman of PipeHawk, commented: "This Contract
further expands QM's offering in the fields of building
construction, in particular groundwork solutions. We believe this
Contract presents a great opportunity for QM to further develop its
project-based business within the building services sector."
Enquiries:
PipeHawk Plc Tel. No. 01252
Gordon Watt (Chairman) 338 959
Allenby Capital (Nomad and Broker) Tel. No. 020 3328
5656
David Worlidge/Vivek Bhardwaj
Notes to Editors
For further information on the Company and its subsidiaries,
please visit: www.pipehawk.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
UPDURAWRUVUKAAR
(END) Dow Jones Newswires
September 12, 2022 02:01 ET (06:01 GMT)
Pipehawk (LSE:PIP)
Gráfica de Acción Histórica
De Abr 2024 a May 2024
Pipehawk (LSE:PIP)
Gráfica de Acción Histórica
De May 2023 a May 2024