Avingtrans PLC Hayward Tyler Secures New Contract (2742Q)

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RNS Number : 2742Q

Avingtrans PLC

18 February 2019

18 February 2019

Avingtrans Plc

("Avingtrans")

Hayward Tyler Secures Contract for Nuclear Reactor Internal Pumps worth over GBP10m

Avingtrans PLC (AIM: AVG), which designs, manufactures and supplies original equipment, systems and associated aftermarket services to the energy and medical sectors, is pleased to announce that its subsidiary, Hayward Tyler, has secured a contract worth over GBP10m from power company Vattenfall in Sweden. The contract is to provide critical parts and components to the Reactor Internal Pumps installed at the Forsmark nuclear reactors.

Hayward Tyler, owned by Avingtrans plc and inventor of the wet wound submersible motor, was the first company to deploy this technology for the application of driving primary coolant through the reactor core of a Boiling Water Reactor (BWR) in the early 1980s. The Reactor Internal Pump is attached directly to the bottom of the reactor pressure vessel and removes the need for additional pipework making it more efficient, economic and safer than earlier designs.

The first reactors to use internal recirculation pumps were designed by ASEA-Atom and built in Sweden in the 1980s. These plants have operated very successfully for many years and Hayward Tyler has provided continuous support. A programme of ongoing improvements designed to modernise the reactors and extend their operating life has resulted in this most recent contract, which will be executed over two years between 2020 and 2022.

Mike Turmelle, President of the Engineered Pumps and Motors division of Avingtrans, said: "Supporting all our installed base across the globe is in the DNA of Hayward Tyler. The successful operation of these highly engineered, safety related pumps for so many decades is testament to the exacting standards of quality and design of the original product, and we are honoured to work with our customer in supporting the next phase of successful, safe operation of the plant".

Steve McQuillan, CEO of Avingtrans, added: "Avingtrans energy divisions continue to foster their long-term relationships in the nuclear industry which deliver significant value to the business in line with our long-term strategy. We are proud of our business' nuclear heritage and excited by the opportunities that continue to develop on both operating facilities and new facilities across the nuclear fuel cycle. These contracts reinforce Hayward Tyler's position as a global industry partner in the continued safe operation of low carbon nuclear power plants"

Enquiries:

 
 Avingtrans plc 
  Steve McQuillan, CEO 
  Stephen King, CFO                        0135 469 2391 
 N+1 Singer (Nomad and Broker) 
  Shaun Dobson/Lauren Kettle (Corporate 
  Finance) 
  Mia Gardner/Rachel Hayes (Corporate 
  Broking)                                 0207496 3000 
 Newgate Communications (Financial 
  PR) 
  Adam Lloyd 
  Tom Carnegie                             020 7653 9850 
 

About Avingtrans

Avingtrans designs, manufactures and supplies original equipment, systems and associated aftermarket services to the energy, medical and industrial markets worldwide.

Business units

 
Hayward Tyler - Luton & East Kilbride, UK and USA, China and India 
 Specialises in the design, manufacture and servicing of performance-critical 
 motors and pumps for challenging environments. 
 
 Stainless Metalcraft Ltd - Chatteris, UK and Chengdu, China 
Provider of safety-critical equipment for the energy, medical, science and 
 research communities, worldwide, specialising in precision pressure and 
 vacuum vessels and associated fabrications, sub-assemblies and systems. 
 
 Maloney Metalcraft Ltd - Aldridge, UK 
Designs, manufactures and services oil and gas extraction and processing 
 equipment, including process plant for dehydration, sweetening, drying and 
 compression. 
 
 Ormandy Group, Bradford, UK 
 Design, manufacturers and servicing of off-site plant, heat exchangers and 
 other HVAC (heating, ventilation and air conditioning) products 
 
 Peter Brotherhood - Peterborough, UK 
 Specialises in the design, manufacture and servicing of performance-critical 
 steam turbines, turbo gen-sets, compressors, gear boxes and combined heat 
 and power systems. 
Composite Products Ltd - Buckingham, UK 
 Centre for composite technology, parts and assemblies, serving customers 
 in industrial markets. 
 
 Scientific Magnetics - Abingdon, UK 
 Designs and manufactures superconducting magnet systems and associated cryogenic 
 systems for a variety of markets including MRI and provides service and 
 support for Nuclear Magnetic Resonance instruments. 
 
 Tecmag Inc, Houston, USA 
 Designs, manufactures, tests and installs instrumentation, including full 
 consoles, system upgrades, and solid-state probes, mainly for Magnetic Resonance 
 Imaging (MRI) and Nuclear Magnetic Resonance (NMR) systems. 
 
 Crown International Ltd - Portishead, UK 
 Designs and manufactures market-leading pole and support systems for roadside 
 signage and safety cameras, rail track signalling and gantries. 
 

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February 18, 2019 02:00 ET (07:00 GMT)