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PIP Pipehawk Plc

6.00
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Pipehawk Plc LSE:PIP London Ordinary Share GB0003010609 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 6.00 5.50 6.50 6.00 6.00 6.00 14,189 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
General Indl Mach & Eq, Nec 6.47M -2.48M -0.0684 -0.88 2.18M

PipeHawk PLC QM Systems contract extension with Hadley Industries

05/08/2016 12:41pm

UK Regulatory


 
TIDMPIP 
 
5 August 2016 
 
                                 PipeHawk plc 
 
                         ("PipeHawk" or the "Company") 
 
          QM Systems contract extension with Hadley Industries Group 
 
QM Systems, a division of PipeHawk, is pleased to announce that following the 
successful delivery of Phase 1 of the 2020 materials handling system project at 
Ultrasteel Products Ltd, part of the Hadley Industries Group, QM Systems has 
been awarded the contract to undertake Phase 2 of this prestigious project. The 
contract is worth over GBP900,000 and is due for completion within this financial 
year. Phase 2 of the project will see an expansion of the existing system 
installed to provide full automation to an additional production line at the 
Ultrasteel facility. It will also provide the ability to remove forklift 
traffic from inside the building for the two automated lines, with the product 
now being automatically transited outside of the existing building providing a 
far safer working environment for Hadley personnel. 
 
Gordon Watt, Chairman of PipeHawk stated "This is fantastic news for QM Systems 
and the larger group as a whole. It demonstrates the power of offering a true 
partnership approach with our clients, Hadley's support and determination to 
deliver a truly inspirational vision and QM Systems' ability to deliver that 
vision. A big well done to all those involved in this project. We look forward 
to our continued partnership with Hadley Industries over the coming months and 
years and we thank them for their openness and supportive approach to deliver 
this vision. They are a true partner". 
 
Enquiries: 
 
 
PipeHawk Plc                                              Tel. 01252 338 959 
Gordon Watt (Chairman) 
 
Allenby Capital Limited (Nomad and                        Tel: 020 3328 5656 
Broker) 
David Worlidge/James Thomas 
 
 
 
END 
 

(END) Dow Jones Newswires

August 05, 2016 07:41 ET (11:41 GMT)

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