Tekmar Group plc
("Tekmar", the "Company" or the "Group")
Contract Award for Logistics Port Development
Tekmar Group plc (AIM: TGP), a leading provider of asset protection technology and offshore energy services, is pleased to announce that it has secured a US$1.5 million contract with an existing Engineering, Procurement and Construction (EPC) customer to supply engineered scour protection solutions for a major port infrastructure development in the Middle East.
The contract scope includes the engineering design and supply of bespoke scour protection solutions, providing long-term stability and protection for port infrastructure in challenging marine conditions. Delivery is scheduled for the third quarter of 2026.
Richard Turner, CEO of Tekmar, commented:
"We are very pleased to be able to strengthen our relationship with this key customer. This award reflects the significant value Tekmar's technology brings to the growing ports and harbours sector and highlights our continued success in developing a more diversified global footprint."
Enquiries:
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Tekmar Group plc Phil Lanigan, CFO
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c/o +44 (0)20 4582 3500 |
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Cavendish Capital Markets Limited (Nomad and Broker) Neil McDonald Pearl Kellie
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+44 (0)131 220 9771 +44 (0)131 220 9775 |
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Gracechurch Group (Financial Media & Investor Relations) Murdo Montgomery Alexis Gore |
+44 (0)20 4582 3500 |
About Tekmar Group plc
Tekmar Group plc collaborates with its partners to deliver robust and sustainable engineering led solutions that enable the world's energy transition.
Through our Offshore Energy and Marine Civils Divisions we provide a range of engineering services and technologies to support and protect offshore wind farms and other offshore energy assets and marine infrastructure. With near 40 years of experience, we optimise and de-risk projects, solve customer's engineering challenges, improve safety and lower project costs. Our capabilities include geotechnical design and analysis, simulation and engineering analysis, bespoke equipment design and build, subsea protection technology and subsea stability technology.
We have a clear strategy focused on strengthening Tekmar's value proposition as an engineering solutions-led business which offers integrated and differentiated technology, services and products to our global customer base.
Headquartered in Newton Aycliffe, UK, Tekmar Group has an extensive global reach with offices, manufacturing facilities, strategic supply partnerships and representation in 18 locations across Europe, Africa, the Middle East, Asia Pacific and North America.
For more information visit: www.tekmargroup.com