24 Nov 2016 07:00
24 November 2016
Hayward Tyler Group plc
Contract Wins
Hayward Tyler Group plc ("HTG", the "Company" or "Group"), the specialist engineering group, comprising the operating companies of Hayward Tyler and Peter Brotherhood, is pleased to announce a series of contract wins, totalling in excess of £4.5m which have been won by the Group.
Primarily, Hayward Tyler has secured two orders from Eureka Pumps AS for operators in the North Sea for: a motor unit for a firewater pump application at the Gudrun field, which is operated by Statoil; and a motor unit for a seawater lift pump application for the Edvard Greig field operated by Lundin Petroleum. The delivery of these offshore products further demonstrates the breadth of HTG's portfolio for delivering applications to the Oil and Gas sector, and complements the recent awards for subsea installations off the coast of Brazil and the west coast of Africa.
Additionally, the Group has also won a contract with Korea Hydro Nuclear Power to replace certain existing Hayward Tyler pumps which have been in operation for 14 years at their Hanbit power plant, as well as the supply of backup parts. The existing system has been in operation since 2002, demonstrating the longevity of its engineered products.
Peter Brotherhood is also pleased to announce its first contract as part of HTG for a Tri-generation Combined Heat and Power system, which will not only provide heat or cooling or a combination of both, but also a significant electrical output.
Commenting on these wins, Ewan Lloyd-Baker, CEO said:
"We are delighted to be announcing these new contract wins which confirm that momentum is continuing to build throughout HTG. They are testament to the confidence that key clients have in our products and the teams that help deliver them, and having now shipped the S-Oil project, we remain committed to delivering world class products on time in full and right first time across the Group."
The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.
For further information:
Hayward Tyler Group plc +44 (0)1582 731 144
Ewan Lloyd-Baker, CEO
Nick Flanagan, CFO
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