Change of Adviser

RNS Number : 1047Q

Pressure Technologies PLC

15 June 2015

 

                                                                                                              15 June 2015

Pressure Technologies plc

("Pressure Technologies" or "the Company")

Appointment of Cantor Fitzgerald Europe as

Nominated Adviser & Broker

The Board of Pressure Technologies plc is pleased to announce the appointment of Cantor Fitzgerald Europe as its Nominated Adviser and Broker with immediate effect.

For more information please contact:

Pressure Technologies plc	0114 257 3616
Alan Wilson, Chairman John Hayward, Chief Executive James Lister, Finance Director	www.pressuretechnologies.com
Cantor Fitzgerald Europe (Nominated Adviser & Broker)	020 7894 7000
Rick Thompson / Michael Reynolds / Will Goode
Tavistock (Financial PR Advisers)	020 7920 3150
Keeley Clarke / Simon Hudson

COMPANY DESCRIPTION

Company description - www.pressuretechnologies.com

With its head office in Sheffield and its origins going back to 1897, Pressure Technologies is a growing, profitable, dividend paying, AIM listed, leading designer and manufacturer of speciality engineering solutions for high-pressure systems serving large global markets. The company is building a highly profitable group of companies, specialising in technology for the containment and control of liquids and gases in pressure systems 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, 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.co.uk

Alternative Energy

·    Chesterfield BioGas, Sheffield, renamed Greenlane Biogas UK on 5 June 2015, founded in 2008 www.chesterfieldbiogas.co.uk

·    Greenlane, acquired in October 2014 www.greenlanebiogas.com 

 

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