Contract Award for Middle East 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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