Update on Health & Safety Executive Investigation

RNS Number : 5252P

Pressure Technologies PLC

08 February 2019

 

8 February 2019

Pressure Technologies plc

("Pressure Technologies" or the "Company")

Update on Health & Safety Executive Investigation

Pressure Technologies (AIM: PRES), the specialist engineering group, today provides an update on the Health & Safety Executive ("HSE") investigation following the fatal accident at Chesterfield Special Cylinders ("CSC") in June 2015.

Following the conclusion of their investigation, the HSE has now advised the Company that it intends to prosecute CSC in relation to the accident and that a preliminary court hearing has been set for 6 March 2019. It is not possible to determine what the outcome of this court hearing will be and, given the nature of the sentencing guidelines, nor is it possible to determine with any certainty what, if any, financial penalties might be levied on CSC.

The Company continues to take legal advice on this matter and will provide further updates.

For further information, please contact:

Pressure Technologies plc Chris Walters, Chief Executive Joanna Allen, Chief Financial Officer	Tel: [phone] www.pressuretechnologies.com
Cantor Fitzgerald Europe (Nominated Adviser and Broker) Philip Davies / Will Goode	Tel: [phone]
Belvedere Communications Keeley Clarke ([e-mail]) Cat Valentine ([e-mail])	Tel: [phone] Tel: [phone]

Company description - www.pressuretechnologies.com  

With its head office in Sheffield, Pressure Technologies was founded on its leading market position as a designer and manufacturer of high-pressure components and systems serving the global energy, defence and industrial gases markets.

Precision Machined Components - www.pt-pmc.com

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

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

●    Quadscot, Glasgow, acquired in October 2014 www.quadscot.co.uk 

●    Martract Limited, Barton-on-Humber, acquired in December 2016 www.martract.co.uk 

Cylinders

●    Chesterfield Special Cylinders, Sheffield, IPO cornerstone in 2007 and includes,  CSC Deutschland Gmbh, which is based in Dorsten, Germany and Chesterfield Special Cylinders Inc. which is based in Houston, USA www.chesterfieldcylinders.com 

 

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