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Share Price Information for PipeHawk (PIP)

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Share Price: 7.75
Bid: 7.50
Ask: 8.00
Change: -0.50 (-6.06%)
Spread: 0.50 (6.667%)
Open: 8.25
High: 8.25
Low: 7.75
Prev. Close: 8.25
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PipeHawk awarded second phase of Hadley automation project

Fri, 05th Aug 2016 15:47

(ShareCast News) - PipeHawk announced on Friday that its QM Systems division has been awarded the contract to undertake Phase 2 of the 2020 materials handling system project at Ultrasteel Products - part of the Hadley Industries Group - following the successful delivery of Phase 1.The AIM-traded company said Phase 2 of the project will see an expansion of the existing system installed to provide full automation to an additional production line at the Ultrasteel facility.It said it will also provide the ability to remove forklift traffic from inside the building for the two automated lines, with the product now being automatically transited outside of the existing building providing a safer working environment for Hadley personnel."This is fantastic news for QM Systems and the larger group as a whole," said PipeHawk chairman Gordon Watt."It demonstrates the power of offering a true partnership approach with our clients, Hadley's support and determination to deliver a truly inspirational vision and QM Systems' ability to deliver that vision."A big well done to all those involved in this project. We look forward to our continued partnership with Hadley Industries over the coming months and years and we thank them for their openness and supportive approach to deliver this vision," Watt added.
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