New Contract Award

Tekmar Group (AIM: TGP), a leading provider of products and solutions for the global offshore energy market, announces a significant contract award with a value in excess of €4 million.

The contract is for the design and supply of Tekmar Group's flagship Generation 10 cable protection system (CPS) product and associated ancillaries. The CPS units will be installed throughout a European wind farm project, which is part of a larger regional development. The CPS units will be manufactured at the Group's Newton Aycliffe, United Kingdom facility. Tekmar Group will utilise its in-house subsea analysis capabilities and experience to support the project. The project will commence immediately and be delivered in December 2025.

Alasdair MacDonald, CEO of Tekmar Group, said "This contract, where we are partnering with a new customer, is testament to our strong in-house engineering capabilities, which enable us to address customers' complex engineering requirements and optimise and de-risk projects. The award helps consolidate our strong position in the European offshore wind market and reflects the strength of our working relationships with project developers and key supply chain partners. We look forward to supporting our partners in successfully delivering this project."