IN BRIEF: Tekmar celebrates $1.5 million contract award

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Tekmar Group PLC - Newton Aycliffe, England-based technology and services provider for the offshore energy industry - Announces contract award with existing engineering, procurement & construction [EPC] customer valued at around $1.5 million. Work includes the provision of bespoke engineered scour protection solutions and of specialised lifting and installation equipment, with completion scheduled for December.

Chief Executive Officer Richard Turner says: ‘We are delighted to continue our strong relationship with this EPC customer through the award of this significant contract. It underlines the trust placed in Tekmar to deliver engineered protection systems that safeguard critical marine assets.’

Current stock price: 6.10 pence each, up 1.7% on Wednesday afternoon in London

12-month change: down 30%

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