Tekmar contract win for remedial work

26/02/19

Tekmar Group (AIM: TGP), a market-leading technology provider of protection systems for subsea cable, umbilical and flexible pipes and offshore engineering services, is pleased to announce that Tekmar Energy has signed a remedial contract worth c.£3 million for execution over the next six months.

The contract is for bespoke remedial cable protection systems for replacement subsea cables to be installed on an existing UK offshore wind farm.

Commenting on the project win, James Ritchie, Tekmar Group CEO said:

“This is an important project for the Group. It is Tekmar Energy’s first significant contract for work which will be undertaken within the operational phase of a windfarm, rather than our usual build phase contracts. It is also one of the biggest individual contracts Tekmar Energy has won this financial year and was secured through company synergies, product offering and flexibility. Tekmar Energy was not previously involved in this project and the win demonstrates that there are many new opportunities for the Group in existing wind farms.”

“AgileTek provided technical analysis to help identify the root cause and Tekmar Energy are providing proprietary cable protection technology. This demonstrates how the Group’s businesses work together to support our vision of becoming our customer’s partner of choice for subsea protection.”

 

ENDS

For further information contact: Steve Pugh, Head of Marketing and Strategy, Tekmar Group plc, stevepugh@tekmar.co.uk

ABOUT TEKMAR GROUP

Tekmar Group plc’s vision is to be the partner of choice for the supply and installation support of subsea protection equipment to the global offshore energy markets. The Group has four primary operating companies; these are Tekmar Energy Limited, Subsea Innovation Limited, AgileTek Engineering Limited and Ryder Geotechnical Limited. https://investors.tekmar.co.uk/

Tekmar Energy is a global market leader in subsea cable, umbilical and flexible pipe protection systems. Tekmar have been trusted to protect billions of Euros worth of assets in the offshore wind, oil & gas, wave, tidal and interconnector markets since 1985: https://www.tekmar.co.uk/

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: https://www.subsea.co.uk/

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. https://agiletek.co.uk/ AgileDat, a division of AgileTek, provides software development, cloud architecture and data analytics services. https://agiledat.co.uk/

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. https://www.rydergeotechnical.com/

Tekmar Energy and Tekmar Group plc is headquartered in Newton Aycliffe in the United Kingdom; AgileTek operates from an office in London; Subsea Innovation have their head office and manufacturing centre in Darlington, United Kingdom; Ryder Geotechnical have their office in Newcastle, UK. Tekmar Group plc also has representation in South Korea, USA, China and the Middle East.

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