PipeHawk PLC - Hampshire, England-based provider of technology for highways and for the automotive, rail and aerospace industries - Subsidiary QM Systems Ltd wins contract with an unnamed building materials business to deliver an assembly line for the manufacture of flooring tile assemblies. The project will generate revenue of about GBP750,000 and will take about 10 months to deliver.
Chair Gordon Watt says: "This is incredibly exciting news for QM and cements an already established partnership built over the last few years between the customer and QM Systems."
Current stock price: 8.00 pence, up 6.7% in London on Friday
12-month change: down 36%
By Sophie Rose, Alliance News senior reporter
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PipeHawk (PIP)