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  2. Share Prices
  3. PipeHawk Share Price
  4. PipeHawk Share Regulatory News
  5. Major contract award by Penso (UK) Ltd

Pin to quick picksPipeHawk Regulatory News (PIP)

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Share Price Information for PipeHawk (PIP)

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2.50    0.00 (0.00%)
Bid:
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Ask:
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Spread: 1.00 (50.00%)
Market Cap: £907.82k
PIP Live PriceLast checked at - London Stock Exchange

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Major contract award by Penso (UK) Ltd

18 Jan 2019 11:35

RNS Number : 5314N
PipeHawk PLC
18 January 2019
 

This announcement contains inside information as stipulated under the Market Abuse Regulations (EU) no. 596/2014 ("MAR"). With the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

18 January 2019

PipeHawk plc

("PipeHawk" or the "Company")

Major contract award by Penso (UK) Ltd

The Company is pleased to announce that its subsidiary, QM Systems, has been awarded a partnership contract by Penso UK Ltd to provide a fully automated production facility for the manufacture of a new carbon fibre product to be installed at Penso UK Ltd's facility in Coventry. The contract value is approximately £2.6 million and is due for completion in October 2019.

Gordon Watt, Chairman of PipeHawk commented, "This is great news and marks the continued development of QM Systems' innovation technology into new and exciting industries. We are very proud to be selected as Penso UK Ltd's partner for this new and exciting journey in both companies' futures"

Enquiries:PipeHawk PlcGordon Watt (Chairman)

Tel. No. 01252 338 959

Allenby Capital Limited (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

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
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