Pressure Tech Regulatory News (PRES)

21 October 2020

Pressure Technologies plc

("Pressure Technologies" or the "Group")

Board Changes and

Appointment of Interim Group Finance Director

Pressure Technologies (AIM: PRES), the specialist engineering group, announced on 20 August 2020 that Joanna Allen would be stepping down from her role as Chief Financial Officer.

Current Group Financial Controller, James Locking has been appointed Interim Group Finance Director, a non-Board position. Having qualified with KPMG, James brings over twenty years of senior financial experience in Finance Director and Financial Controller roles across a range of sectors.

The Group confirms that following a transition period, Joanna has now stepped down from the Board.

The recruitment process for a permanent Group Finance Director is ongoing and further announcements will be made in due course.

For further information, please contact:

COMPANY DESCRIPTION

www.pressuretechnologies.com

With its head office in Sheffield, the Pressure Technologies Group was founded on its leading market position as a designer and manufacturer of high-integrity, safety-critical components and systems serving global supply chains in oil and gas, defence, industrial gases and hydrogen energy markets.

The Group has two divisions, Chesterfield Special Cylinders and Precision Machined Components.

Chesterfield Special Cylinders (CSC) - www.chesterfieldcylinders.com 

● Chesterfield Special Cylinders, Sheffield, includes CSC Deutschland GmbH and Chesterfield Special Cylinders Inc.

Precision Machined Components (PMC) - www.pt-pmc.com

● Precision Machined Components includes the Al-Met, Roota Engineering, Quadscot, Precision Engineers and Martract brands.