TIDMPRES
Pressure Technologies PLC
09 February 2021
09 February 2021
Pressure Technologies plc
("Pressure Technologies" or the "Company")
Contract Win for Hydrogen Refuelling Stations
Pressure Technologies (AIM: PRES), the specialist engineering
group, is delighted to announce that its wholly owned subsidiary,
Chesterfield Special Cylinders ("CSC"), has secured a contract with
Haskel Hydrogen Group (Haskel), part of the Precision and Science
Technologies Segment at Ingersoll Rand Inc. (NYSE:IR) for the
supply of high-pressure Type 1 steel vessels to be used for
hydrogen storage in three new Hydrogen Refuelling Stations
("HRS").
This contract, to be delivered through summer 2021, increases
the number of HRS projects secured by CSC for Haskel in Europe.
CSC has designed a specialised high-pressure containment
solution for Haskel, which is integrated into their new refuelling
station design, the Haskel Geno HRS, and configured to enable cost
effective inspection and recertification with maximum availability
through life using CSC's Integrity Management services.
The Haskel Geno HRS utilises state of the art technology and
provides an energy efficient turnkey solution for flexible hydrogen
supply, including allowing customers to pay with contactless credit
cards.
The contract w ill be rolled out by Unipetrol Group and Bonett
Group , with Bonett managing the integration of the hydrogen
refuelling stations at existing Unipetrol sites throughout the
Czech Republic. Haskel will deliver the hydrogen refuelling
stations and work alongside Bonett as they manage the
integration.
Working together, CSC and Haskel are fully committed to
investment and expansion in global refuelling infrastructure for
hydrogen-based mobility and are pleased to celebrate this next step
in their close working relationship.
Commenting, Chris Walters, Chief Executive of Pressure
Technologies plc said:
"Our recent successful fundraising was built, in part, on our
plans to secure new opportunities in the fast-developing hydrogen
energy market and we are delighted that the Chesterfield Special
Cylinders team will be supporting Haskel with their new hydrogen
refuelling station projects.
This contract win demonstrates our ability to develop strong and
collaborative customer relationships that deliver safe, innovative
and cost-effective hydrogen storage solutions in an exciting and
growing market."
Darran Heath, General Manager at Haskel Global Hydrogen Systems
Group said:
"We recognise the strong support Chesterfield Special Cylinders
has given us over the past two years and are delighted to confirm
this additional order that further cements our relationship.
Hydrogen Refuelling Stations are central to our success and capable
suppliers like CSC, with a shared vision on how to unlock the
hydrogen opportunities, are the key to reliable and innovative
supply now and in future. We look forward to achieving more success
together."
Enquiries:
Pressure Technologies plc
Chris Walters, Chief Executive Tel: 0114 257 3616
PressureTechnologies@houston.co.uk
Ingersoll Rand Media Tel: (818) 556-2528
Irma Aguilar
Houston (Financial PR and Investor Relations) Tel: +44 (0) 204 529
Kate Hoare 0549
Anushka Mathew
Ben Robinson
NOTES TO EDITORS
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, Chesterfield Special Cylinders and
Precision Machined Components.
Chesterfield Special Cylinders (CSC) - www.chesterfieldcylinders.com
--Chesterfield Special Cylinders, Sheffield, includes CSC
Deutschland GmbH and Chesterfield Special Cylinders Inc.
Precision Machined Components (PMC) - www.pt-pmc.com
--Precision Machined Components includes the Al-Met, Roota
Engineering, Quadscot, Precision Engineers and Martract brands.
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