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10 Oct 2012 12:07
10 October 2012 PipeHawk plc ("PipeHawk" or the "Company") QM Systems signs major contract
QM Systems, a subsidiary of PipeHawk has secured a major contract with a leading global off highway equipment manufacturer to deliver a turnkey production line, with an aggregate contract value of £1.1 million. The project will see QM Systems deliver a turnkey automated production line for the manufacture of transmission assemblies to one of the customer's UK facilities. The project will be delivered during 2012/13 financial year.
Gordon Watt, Chairman of the PipeHawk Group comments "This is a major achievement by QM Systems and further cements its position as one of the UK's leading providers of turnkey assembly and test systems. Over the last 18 months QM Systems has established a particular blend of technical and management skills to offer a truly world class turnkey capability to major bluechip clients."
Enquiries:PipeHawk Plc Tel. No. 01252 338 959Gordon Watt (Chairman) MerchantSecurities Limited(Nomad) Tel. No. 020 7628 2200David Worlidge/Simon Clements FinnCap (Broker) Tel. No. 020 7220 0569
Charlotte Stranner
XLON
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