Pressure Technologies PLC Update on HSE Case - Not Guilty Plea Submitted (0528S)

TIDMPRES

RNS Number : 0528S

Pressure Technologies PLC

06 March 2019

6 MARCH 2019

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE EU MARKET ABUSE REGULATION (596/2014). UPON THE PUBLICATION OF THE ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

Pressure Technologies plc

("Pressure Technologies" or the "Company")

Not Guilty Plea Submitted to a Charge Brought by the Health & Safety Executive

Pressure Technologies (AIM: PRES), the specialist engineering group, provides an update in relation to the intended prosecution by the Health & Safety Executive ("HSE") following the fatal accident at its subsidiary Chesterfield Special Cylinders ("CSC") in June 2015.

During the preliminary hearing held today at Sheffield Magistrates Court, Chesterfield Special Cylinders submitted a plea of not guilty to a charge brought by HSE pursuant to the Health and Safety at Work Act 1974. The Company emphatically denies the charge brought by HSE and will deliver a strong defence.

The case was referred to Sheffield Crown Court and will be listed for trial in due course.

The Company continues to take legal advice on this matter and will provide further updates in due course.

For further information, please contact:

 
 Pressure Technologies plc                     Tel: [phone] 
  Chris Walters, Chief Executive                www.pressuretechnologies.com 
  Joanna Allen, Chief Financial 
  Officer 
 Cantor Fitzgerald Europe (Nominated           Tel: [phone] 
  Adviser and Broker) 
 Philip Davies / Will Goode 
 Belvedere Communications 
  Keeley Clarke ([e-mail])        Tel: [phone] 
  Cat Valentine ([e-mail])     Tel: [phone] 
 

COMPANY DESCRIPTION

Company description - www.pressuretechnologies.com

With its head office in Sheffield, Pressure Technologies was founded on its leading market position as a designer and manufacturer of high-pressure components and systems serving the global energy, defence and industrial gases markets.

Precision Machined Components - www.pt-pmc.com

   --     Al-Met, Mid Glamorgan, acquired in 2010 www.almet.co.uk 
   --     Roota Engineering, Rotherham, acquired in March 2014 www.roota.co.uk 
   --     Quadscot, Glasgow, acquired in October 2014 www.quadscot.co.uk 
   --     Martract Limited, Barton-on-Humber, acquired in December 2016 www.martract.co.uk 

Cylinders

-- Chesterfield Special Cylinders, Sheffield, IPO cornerstone in 2007 and includes, CSC Deutschland Gmbh, which is based in Dorsten, Germany and Chesterfield Special Cylinders Inc. which is based in Houston, USA www.chesterfieldcylinders.com

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March 06, 2019 06:53 ET (11:53 GMT)