PipeHawk PLC Contract to assemble an Aero E-Motor Component (3265C)
10 Octubre 2022 - 4:12AM
UK Regulatory
TIDMPIP
RNS Number : 3265C
PipeHawk PLC
10 October 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.
10 October 2022
PipeHawk plc
("PipeHawk", "Company" or the "Group")
Contract award to assemble an Aero E-Motor Component Part
PipeHawk is pleased to announce that QM Systems Limited ("QM"),
one of the Group's principal subsidiaries, has been awarded a
project to deliver a manufacturing assembly system for assembling a
rotor component that will be used in an Aerospace E-Motor.
The project entails a significant investment by a leading
aerospace client into electric aero propulsion for light aircraft
and will involve the fully automated assembly of a magnetized rotor
assembly.
The project will launch immediately and has a value of
approximately GBP1.6 million, which is to be delivered within the
next 12 months.
Gordon Watt, Chairman of PipeHawk, commented: "The award of this
project enables QM to continue to develop its projects business
into New and Green Tech markets across a diverse range of
industries. QM has a long-established trading history within the
Aerospace Sector providing both assembly and test solutions
utilised in jet engine manufacture. This project capitalises on
QM's experience within Aerospace markets to develop systems with an
environmentally friendly footprint.
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
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