Tekmar Group PLC CPS Contract Award

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Tekmar Group PLC

06 August 2021

TEKMAR GROUP PLC

("Tekmar Group" or the "Company")

CPS Contract Award

Tekmar Group (AIM: TGP), a leading provider of technology and services for the global offshore energy markets, is pleased to announce a contract award from Van Oord to supply its Generation 10 Cable Protection System ("CPS") for the Baltic Eagle offshore wind farm in the Baltic Sea, Germany.

Baltic Eagle (476MW) is Iberdrola's second offshore wind project in Germany, following the commissioning of OWF Wikinger in 2017 (also protected with Tekmar CPS). Once complete, Iberdrola's projects will together form the largest offshore wind complex in the Baltic Sea with a combined installed capacity of 826MW.

Tekmar's scope of work comprises the engineering, manufacturing, testing and supply of its latest generation of CPS technology to protect subsea inter-array and inter-platform cables as they transition between the seabed, offshore turbines and offshore substation. The CPS will be delivered on behalf of EPC contractor Van Oord who have previously installed Tekmar CPS on various offshore wind projects including Fryslan, Borssele and Deutsche Bucht. Tekmar will manufacture the CPS and related accessories at their Newton Aycliffe facility in the North East of England for delivery in late 2022.

Henk-Jan van Dijk, Project Director, Van Oord, commented "We are pleased to continue our strong working relationship with Tekmar Energy, a familiar, reliable and proven CPS partner."

Russell Edmondson, Tekmar Energy's Managing Director, said "We are delighted to secure this new award from Van Oord which strengthens our long-standing relationship that has delivered successful offshore wind projects over the years, particularly in Europe, which remains the largest market for offshore wind installations in the world. This award is testament to our continued investment in CPS technology, to safeguard subsea assets in increasingly challenging environments."

Enquiries:

 
Tekmar Group plc 
 Alasdair MacDonald, CEO 
 Derek Bulmer, CFO                                    [phone] 
Singer Capital Markets (Nominated Adviser and 
 Joint Broker) 
 Rick Thompson / Rachel Hayes                         [phone] 
Berenberg (Joint Broker) 
 Chris Bowman / Ben Wright / Ciaran Walsh             [phone] 
Bamburgh Capital Limited (Financial PR & Investor 
 Relations) 
 Murdo Montgomery                                    [phone] 
 

About Tekmar Group plc - www.tekmargroup.com

Tekmar Group plc's vision is to be the leading provider of technology and services for the global offshore energy markets. The Group has five primary operating companies; these are Tekmar Energy Limited, Subsea Innovation Limited, AgileTek Engineering Limited, Ryder Geotechnical Limited and Pipeshield International limited.

Tekmar Energy is a global market leader in protection systems for subsea cable, umbilical and flexible pipe. Tekmar Energy has been trusted to protect billions of Euros worth of assets in the offshore wind, oil & gas, wave, tidal and interconnector markets since 1985.

Subsea Innovation is a global leader in the design, manufacture and supply of complex engineered equipment and technology used in the offshore energy market. Its products include large equipment handling systems which operate on the back of pipelay installation vessels; emergency pipeline repair clamps (EPRC) which protect major oil and gas pipelines, and bespoke equipment for use in the construction of offshore energy projects.

AgileTek Engineering is an award-winning subsea engineering consultancy for offshore energy projects. AgileTek helps its clients de-risk projects through advanced computer simulation and analysis. AgileDat, a division of AgileTek, provides software development, cloud architecture and data analytics services.

Ryder Geotechnical provides expert geotechnical design and consulting services to the offshore wind and subsea oil and gas sectors. Services include offshore structure foundation design, geohazard assessment and subsea cable routing and burial assessment.

Pipeshield International is a market leading provider of specialised subsea protection solutions in the form of concrete mattresses used for the stabilisation and impact protection of subsea equipment in areas where they cannot be buried and further to limit the development of scour (seabed erosion) particularly local to that of a foundation, pipeline or in marine ports.

Tekmar Energy is headquartered in Newton Aycliffe in the United Kingdom; AgileTek operates from an office in London; Subsea Innovation has its head office and manufacturing centre in Darlington, United Kingdom. Ryder operates in Newcastle and within AgileTek London, Pipeshield headquarters are in Lowestoft with manufacturing in Montrose and Blyth. Tekmar Group plc also has strategic supply bases and representation across Europe, Africa, the Middle East and Asia Pacific.

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August 06, 2021 02:00 ET (06:00 GMT)