Pressure Technologies PLC Update on investigation into fatality (7162O)
11 February 2016 - 7:00AM
UK Regulatory
TIDMPRES
RNS Number : 7162O
Pressure Technologies PLC
11 February 2016
11 February 2016
Pressure Technologies plc ("the Group")
Update on Investigation into Fatality
As previously reported at the time of the preliminary results
announced on 15 December 2015, there was a fatal accident at the
Group's subsidiary Chesterfield Special Cylinders ("CSC") in June
2015. The inquest has now been held at Sheffield Coroner's Court.
The Coroner directed the jury to return a narrative verdict which
reflected the tragic facts of the accident. Our sympathies are with
the family.
The management team at CSC is continuing to work closely, and
co-operate fully, with the Health and Safety Executive's ongoing
investigation into the accident. As disclosed in note 32 of our
Annual Report 2015, this process is expected to continue at least
through 2016.
-Ends-
For further information, please contact:
Pressure Technologies Tel: 0114 257 3616
plc www.pressuretechnologies.com
John Hayward, Chief Executive
Joanna Allen, Group Finance
Director
Keeley Clarke, Investor
Relations
Cantor Fitzgerald Europe Tel: 020 7894 7000
(Nominated Adviser and
Broker)
Philip Davies / Rick Thompson
/ Michael Reynolds / Will
Goode
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 systems serving the global energy,
defence and industrial gases markets. Today it continues to serve
those markets from a broader engineering base with specialist
precision engineering businesses and has a worldwide presence in
Alternative Energy as the global leader in biogas upgrading. On
this foundation, the company is building a highly profitable group
of companies through a combination of organic initiatives and
acquisitions.
Pressure Technologies has four divisions, Precision Machined
Components, Cylinders, Engineered Products and Alternative Energy,
serving four markets: oil and gas, defence, industrial gases and
alternative energy.
Precision Machined Components
-- 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
Cylinders
-- Chesterfield Special Cylinders, Sheffield, IPO cornerstone in
2007 www.chesterfieldcylinders.com
-- Kelley GTM Manufacturing, Amarillo - 40% stake acquired by
the Group in December 2013 www.kelleygtm.com
Engineered Products
-- Hydratron, Manchester and Houston, acquired in 2010 www.hydratron.com
Alternative Energy
-- Chesterfield BioGas, Sheffield, founded in 2008. Renamed
Greenlane Biogas UK on 5 June 2015.
-- Greenlane, Vancouver, Canada and Auckland, New Zealand,
acquired in October 2014 www.greenlanebiogas.com
This information is provided by RNS
The company news service from the London Stock Exchange
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February 11, 2016 02:00 ET (07:00 GMT)