Publication of Annual Accounts

RNS Number : 3652A

Pressure Technologies PLC

19 December 2014

 

19 December 2014

Pressure Technologies plc

(AIM: PRES)

Publication of Annual Accounts

Pressure Technologies plc (the "Group") is pleased to announce that the Report and Accounts for the year ended 27 September 2014 are now available on the Company's website and will be posted to shareholders in early January 2015.

The Group's Annual General Meeting is scheduled to take place on Thursday, 12 February 2014 at 12noon at Chesterfield Special Cylinders, Meadowhall Road, Sheffield, South Yorkshire, S9 1BT.  Documentation of the resolutions can also be found on the company's website.

-Ends-

For further information, please contact:

Pressure Technologies plc John Hayward, Chief Executive James Lister, Group Finance Director	Tel:  [phone] www.pressuretechnologies.com
Tavistock Keeley Clarke / Emma Blinkhorn	Tel:  [phone]
Charles Stanley Securities (Nomad and broker) Philip Davies / Carl Holmes	Tel: [phone]

COMPANY DESCRIPTION

Company description - www.pressuretechnologies.com

With its head office in Sheffield and its origins going back to 1897, Pressure Technologies is a growing, profitable, dividend paying, AIM listed, leading designer and manufacturer of speciality engineering solutions for high-pressure systems serving large global markets. The company is building a highly profitable group of companies, specialising in technology for the containment and control of liquids and gases in pressure systems through a combination of organic initiatives and acquisitions.

Pressure Technologies has three divisions, Cylinders, Engineered Products and Alternative Energy,serving four markets: oil and gas, defence, industrial gases and alternative energy.

Cylinders

·      Chesterfield Special Cylinders, Sheffield, IPO cornerstone in 2007 www.chesterfieldcylinders.com

·      Kelley GTM Manufacturing, Amarillo - 40% stake acquired by the Group in December 2013 with an option to acquire a further 40% in 2015 www.kelleygtm.com

Engineered Products

·      Al-Met, Mid Glamorgan, acquired in 2010 www.almet.co.uk

·      Hydratron, Manchester and Houston, acquired in 2010 www.hydratron.co.uk

·      Roota Engineering, Rotherham, acquired in March 2014 www.roota.co.uk

·      Quadscot, acquired in October 2014 www.quadscot.co.uk

Alternative Energy

·      Chesterfield BioGas, Sheffield, founded in 2008 www.chesterfieldbiogas.co.uk

·      Greenlane, acquired in October 2014 www.greenlanebiogas.com

 

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