Pressure Technologies plc
("Pressure Technologies", the "Company" or the "Group")
Trial Verdict
On 18 November 2019, Pressure Technologies (AIM: PRES), the specialist engineering group, announced that a trial had commenced in respect of the intended prosecution by the Health & Safety Executive ("HSE") following the fatal accident at its subsidiary Chesterfield Special Cylinders ("CSC") in June 2015.
Trial proceedings have concluded and the jury has delivered a guilty verdict pursuant to Section 2 of the Health and Safety at Work Act 1974.
A sentencing hearing has been scheduled for 9 December 2019 and the Company expects that the penalty will be determined at that time.
For further information, please contact:
Pressure Technologies plc |
|
Chris Walters, Chief Executive |
Tel: 0114 257 3616 |
Joanna Allen, Chief Financial Officer |
[email protected] |
N+1 Singer (Nomad and Broker) |
Tel: 0207 496 3000 |
Mark Taylor / Lauren Kettle |
|
IFC Advisory Ltd (Financial PR and IR) |
Tel: 0203 934 6630 |
Graham Herring / Tim Metcalfe / Zach Cohen |
|
COMPANY DESCRIPTION
Company description - www.pressuretechnologies.com
With its head office in Sheffield, the Pressure Technologies Group was founded on its leading market position as a designer and manufacturer of high-integrity, safety-critical components and systems serving global supply chains in oil and gas, defence, industrial gases and hydrogen energy markets.
The Group has two divisions, Precision Machined Components and Chesterfield Special Cylinders.
Precision Machined Components (PMC) - www.pt-pmc.com
● Precision Machined Components includes the Al-Met, Roota Engineering, Quadscot and Martract brands.
Chesterfield Special Cylinders (CSC) - www.chesterfieldcylinders.com
● Chesterfield Special Cylinders, Sheffield, includes CSC Deutschland Gmbh, which is based in Dorsten, Germany.
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