Fulcrum Utility Services Ltd New Contract Award (1393F)

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RNS Number : 1393F

Fulcrum Utility Services Ltd

14 July 2021

14 July 2021

FULCRUM UTILITY SERVICES LIMITED

("Fulcrum" or the "Group")

New Contract Award

Fulcrum Utility Services Limited, a leading independent multi-utility infrastructure and services provider focused on delivering infrastructure for the UK's net-zero future, is pleased to announce that it has been awarded a new GBP4.9 million multi-utility infrastructure contract by a large investor developer , for a major new employment park.

Under the GBP4.9 million contract, the Group will design and install a high voltage primary substation and the electricity, water, and gas infrastructure to energise and power the new development in the West Midlands. The multi-utility infrastructure will be delivered by Fulcrum over 14-months and will serve the first phase of the project.

The utility infrastructure has been designed with the capacity and flexibility to support the future stages of the development as it grows to welcome more occupiers, and the high voltage substation will also support the use of innovative energy saving measures, such as smart grid technology, which will be used throughout the development.

Once installed, the electricity and gas infrastructure will be adopted by ESP under its existing asset adoption agreement with Fulcrum.

Terry Dugdale, CEO, said:

"We're delighted to be playing such a crucial role in this major new development. This is a significant project that is helping to set the standard for future industrial and commercial developments, and we've worked closely with our client to design a complete and future proofed multi-utility solution."

Enquiries:

 
                                                        [phone] 
Fulcrum Utility Services Limited                         4102 
 Terry Dugdale, Chief Executive Officer 
 
 Cenkos Securities plc (Nominated adviser and broker)    [phone] 
 Camilla Hume / Giles Balleny (Nomad) / Michael          8900 
 Johnson (Sales) 
 
 N+1 Singer (Joint Corporate Broker)                     [phone] 
 Sandy Fraser / Rachel Hayes / Carlo Spingardi           300 
 
 

Notes to Editors:

Fulcrum is a multi-utility infrastructure and services provider. The Group operates nationally with its head office in Sheffield, UK and its main business is the design, build, ownership and maintenance of energy connections and their related utility infrastructure. The Group's offering also extends to smart meter ownership and exchange programmes, and the selective ownership and maintenance of utility networks and infrastructure. https://investors.fulcrum.co.uk/

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July 14, 2021 02:00 ET (06:00 GMT)