Tekmar Group PLC - Contract Award

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 Award

Tekmar Group plc (AIM: TGP), a leading provider of asset protection technology and offshore energy services globally, is pleased to announce a contract award with an existing Engineering, Procurement and Construction (EPC) customer, valued at approximately $1.5. million.

The scope of work includes the provision of bespoke engineered scour protection solutions, and the provision of specialized lifting and installation equipment. Completion of the contract is scheduled for December 2025.

This award further strengthens Tekmar's position in the growing ports and harbours development sector, an area that represents a significant growth opportunity for the Group as it extends its asset protection expertise beyond offshore energy into wider marine infrastructure applications.

Richard Turner, Chief Executive Officer of Tekmar Group, commented:

"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."

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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