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16 Sep 2019 15:21
PipeHawk Plc - Contract WinPipeHawk Plc - Contract Win
PR Newswire
London, September 16
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 ("MAR").
16 September 2019
PipeHawk plc
("PipeHawk" or the "Company")
Contract win
PipeHawk is pleased to announce that its subsidiary, QM Systems, has been selected by a premium global automotive seating and electrical systems supplier to deliver a new manufacturing facility for the manufacture of premium automotive seats. The contract is valued at over £600,000 and is due for delivery in Q1 2020.
Gordon Watt, Chairman of PipeHawk PLC, commented: “This is great news for the Company, especially given that the project will deliver a version of one of QM’s core manufacturing production products, its Q-MAC3. This is a fully integrated and automated manufacturing system that has been developed by QM Systems’ in-house team and is seeing a significant amount of interest internationally. We are excited to be partnering with this global manufacturer on this next exciting phase of our journey.”
More information on the Q-MAC range of products or any wider automation requirement please contact the Company at Sales@qm-systems.com.
Enquiries:
| PipeHawk Plc Gordon Watt (Chairman) | Tel. No. 01252 338 959 |
| Allenby Capital (Nomad and Broker) David Worlidge/Asha Chotai | Tel. No. 020 3328 5656 |
Notes to Editors
For further information on the Company and its subsidiaries, please visit: www.pipehawk.com.
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