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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 | 0.00 | 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 |
TIDMPIP
PipeHawk PLC
08 December 2020
Reach
8 December 2020
PipeHawk plc
("PipeHawk" or the "Company")
Major contract award to QM Systems
PipeHawk is pleased to announce that its wholly owned subsidiary, QM Systems Limited, has been awarded a contract to provide a 'state of the art' manufacturing facility to Marlux Medical Limited ("Marlux Medical") for the manufacture of specialist medical products for health services.
Marlux Medical is part of the Summit Medical group and is one of the UK's leading medical manufacturers of medical products. The project, which is worth circa GBP800,000, will start immediately and is due for completion in September 2021. The facility will increase throughput capability as well as an increased variant capability allowing Marlux to expand its existing client base and volume capacity.
Gordon Watt, Chairman of PipeHawk, commented: "This is excellent news and demonstrates how the diverse nature of the QM Systems portfolio of partners and unique skill set has enabled it to navigate the difficult conditions experienced in light of the current COVID-19 crisis, and to continue to provide innovation driven manufacturing solutions. QM Systems is proud to be the partner of choice for Marlux and we look forward to working closely together going forward."
Enquiries:
PipeHawk Plc Tel. No. 01252 338 959 Gordon Watt (Chairman) Allenby Capital (Nomad and Broker) Tel. No. 020 3328 5656 David Worlidge/Asha Chotai
Notes to Editors
For further information on the Company and its subsidiaries, please visit: www.pipehawk.com
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(END) Dow Jones Newswires
December 08, 2020 02:00 ET (07:00 GMT)
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