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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 0.0% 8.25 8.00 8.50 8.25 8.25 8.25 0.00 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Electronic & Electrical Equipment 8.3 0.2 1.7 4.9 2

PipeHawk PLC Major contract award to QM Systems

08/12/2020 7:00am

RNS Non-Regulatory


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

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December 08, 2020 02:00 ET (07:00 GMT)

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