Contract Award for Middle East Project

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR. Upon the publication of this announcement via a Regulatory Information Service, this inside information is considered to be in the public domain.

Tekmar Group plc

("Tekmar", the "Company" or the "Group")

Contract Award for Middle East Energy Infrastructure Project

Tekmar Group plc (AIM: TGP), a leading provider of asset protection technology and offshore energy services globally, is pleased to announce the award of a contract to supply bespoke subsea infrastructure technology for a pipeline project via a major offshore EPC contractor operating in the Middle East.

The base case scope is valued at approximately £2.0m, the full amount of which will be recognised in the current financial year. This covers the design and manufacture of specialist reinforced concrete support structures for a large-diameter gas pipeline. There is also potential for additional scope supporting the broader requirements of the project. Delivery is scheduled to be completed by September 2025.

This latest win further demonstrates Tekmar's unrivalled track record of delivering engineered solutions to complex offshore projects globally and strengthens the Group's position in the growing offshore energy markets.

Richard Turner, CEO of Tekmar Group, commented: "We are delighted to have been selected for this significant project in the Middle East, which remains a key market for the Group. As an existing customer of Tekmar, it underscores the trust our customers have in our technical expertise and our ability to deliver high-value infrastructure solutions worldwide."

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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

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