Pressure Technologies PLC Major Contract Win with EDF Energy (2102P)
09 Octubre 2019 - 1:00AM
UK Regulatory
TIDMPRES
RNS Number : 2102P
Pressure Technologies PLC
09 October 2019
9 October 2019
Pressure Technologies plc
("Pressure Technologies" or the "Group")
Major Contract Win with EDF Energy for Nitrogen Storage
Solutions at UK Nuclear Power Plants
Pressure Technologies (AIM: PRES), the specialist engineering
group, is pleased to announce that its wholly owned subsidiary,
Sheffield based Chesterfield Special Cylinders Limited (CSC), has
secured a significant contract in excess of GBP3 million to supply
nitrogen storage solutions to EDF Energy for its UK nuclear power
plants at Heysham, Torness and Hartlepool.
This design and supply contract comprises ultra large high
pressure cylinders manufactured at CSC's Sheffield facility, in an
innovative series of nitrogen storage packages to meet EDF Energy's
operational requirements. The modular design is seismically
qualified to allow ease of installation at EDF Energy's sites. The
cylinder packages will be supplied to EDF Energy by mid-2020.
Chris Walters, Chief Executive Officer of Pressure Technologies,
commented:
"This contract represents the largest order in Chesterfield
Special Cylinders' history outside of the defence sector and is
extremely important for the Chesterfield team and for the Pressure
Technologies Group. Through the provision of these safety-critical
systems, we are delighted to be supporting EDF Energy's existing
and continued commitment to supply safe, low-carbon electricity to
UK homes."
CSC is a long-standing key supplier of gas storage solutions to
power stations across the UK.
For further information, please contact:
Pressure Technologies plc
Chris Walters, Chief Executive Tel: 0114 257 3616
Joanna Allen, Chief Financial Officer pressuretech@investor-focus.co.uk
N+1 Singer (Nomad and Broker)
Tel: 0207 496 3000
Mark Taylor / Lauren Kettle
IFC Advisory Ltd (Financial PR Tel: 0203 934 6630
and IR)
Graham Herring / Tim Metcalfe /
Zach Cohen
COMPANY DESCRIPTION
Company description - www.pressuretechnologies.com
With its head office in Sheffield, the Pressure Technologies
Group was founded on its leading market position as a designer and
manufacturer of high-integrity, safety-critical components and
systems serving global supply chains in oil and gas, defence,
industrial gases and hydrogen energy markets.
The Group has two divisions, Precision Machined Components and
Chesterfield Special Cylinders.
Precision Machined Components (PMC) - www.pt-pmc.com
-- Precision Machined Components includes the Al-Met, Roota
Engineering, Quadscot and Martract brands.
Chesterfield Special Cylinders (CSC) -
www.chesterfieldcylinders.com
-- Chesterfield Special Cylinders, Sheffield, includes CSC
Deutschland Gmbh, which is based in Dorsten, Germany and
Chesterfield Special Cylinders Inc. which is based in Houston,
USA
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END
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October 09, 2019 02:00 ET (06:00 GMT)
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