Pressure Tech Regulatory News (PRES)

Pressure Technologies plc

("Pressure Technologies", the "Company" or the "Group")

Trial Verdict

On 18 November 2019, Pressure Technologies (AIM: PRES), the specialist engineering group, announced that a trial had commenced in respect of the intended prosecution by the Health & Safety Executive ("HSE") following the fatal accident at its subsidiary Chesterfield Special Cylinders ("CSC") in June 2015.

Trial proceedings have concluded and the jury has delivered a guilty verdict pursuant to Section 2 of the Health and Safety at Work Act 1974.

A sentencing hearing has been scheduled for 9 December 2019 and the Company expects that the penalty will be determined at that time.

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COMPANY DESCRIPTION

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, Precision Machined Components and Chesterfield Special Cylinders.

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

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

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

● Chesterfield Special Cylinders, Sheffield, includes CSC Deutschland Gmbh, which is based in Dorsten, Germany.

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