Avingtrans Share News (AVG)

(Sharecast News) - Energy and medical equipment and services provider Avingtrans announced on Monday that its subsidiary, Hayward Tyler, has secured a contract worth more than £10m from power company Vattenfall in Sweden.The AIM-traded firm said the contract was to provide critical parts and components to the reactor internal pumps installed at the Forsmark nuclear reactors.Hayward Tyler, which developed the wet wound submersible motor, was the first company to deploy that technology for the application of driving primary coolant through the reactor core of a boiling water reactor (BWR) in the early 1980s, Avingtrans explained.The reactor internal pump is attached directly to the bottom of the reactor pressure vessel, and removed the need for additional pipework, reportedly making it more efficient, economic and safer than earlier designs.It said the first reactors to use internal recirculation pumps were designed by ASEA-Atom and built in Sweden in the 1980s.Those plants had operated successfully for a number of years, with Hayward Tyler providing continuous support.A programme of ongoing improvements designed to modernise the reactors and extend their operating life had resulted in the new contract, which would be executed over two years between 2020 and 2022."Supporting all our installed base across the globe is in the DNA of Hayward Tyler," said Mike Turmelle, president of the engineered pumps and motors division of Avingtrans."The successful operation of these highly engineered, safety related pumps for so many decades is testament to the exacting standards of quality and design of the original product, and we are honoured to work with our customer in supporting the next phase of successful, safe operation of the plant."Steve McQuillan, chief executive officer of Avingtrans, added that the company's energy divisions were continuing to foster their long-term relationships in the nuclear industry, which would deliver "significant value" to the business in line with the board's long-term strategy."We are proud of our business' nuclear heritage and excited by the opportunities that continue to develop on both operating facilities and new facilities across the nuclear fuel cycle," McQuillan said."These contracts reinforce Hayward Tyler's position as a global industry partner in the continued safe operation of low carbon nuclear power plants."