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 in the Middle East

Tekmar Group plc (AIM: TGP), a leading provider of asset protection technology and offshore energy services, is pleased to announce it has won a new contract valued in excess of €3.5 million to supply cable protection technology to a major offshore energy project in the Middle East, with delivery scheduled by June 2026.

The award is Tekmar's largest polyurethane cable protection contract to date with this customer, a leading global oilfield services provider. The increasing value being a reflection of the customer's growing trust and confidence in Tekmar's ability to deliver larger and more complex projects in the region.

This latest success reinforces Tekmar's position as a trusted leader in asset protection technology, supported by a proven track record of delivery for major customers.

Richard Turner, CEO of Tekmar, said:

"This award highlights our continued growth in the Middle East and the confidence customers place in Tekmar's proven technology and engineering expertise. We are seeing strong momentum in regional demand for cable protection, following the $10 million Middle East contract announced in September. Through a combination of innovation, proven performance, and customer focus, Tekmar continues to be recognised as the partner of choice for protecting the world's most critical offshore assets."

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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