Contract Award
TEKMAR GROUP PLC
("Tekmar Group", "Tekmar" or the "Company")
Contract Award
Tekmar Group (AIM: TGP), a leading provider of technology and services for the global offshore energy markets, is pleased to announce a contract award from Global Offshore to supply Cable Protection Systems (CPS) for the Arcadis Ost 1 offshore wind farm in Germany.
Arcadis Ost 1 is a 257 MW offshore wind farm under development by Parkwind Ost GmbH. The wind farm will be located in the Baltic Sea, northeast of the island of Rügen in Germany. Once fully operational Arcadis Ost 1 will create enough green energy to power approximately 290,000 households in the region.
Under the supply contract, Tekmar will design, manufacture, and supply its latest generation of TekTube CPS to protect the wind farm array cables as they transition from the seabed into the wind turbine foundation at 27 separate locations. The CPS will be manufactured at Tekmar's state-of-the-art facility in the northeast of England and delivered to Global Offshore in 2022.
Tekmar Group's comprehensive engineering capability and unrivalled industry experience make it uniquely positioned to deliver the optimum cable protection solution. This is demonstrated by Tekmar Energy working alongside fellow Group companies Ryder Geotechnical, Subsea Innovation and AgileTek Engineering to engineer and optimise CPS for Arcadis Ost 1.
Marc Bell, Managing Director at Tekmar Energy, said: "We are delighted that Global Offshore has selected Tekmar Energy's Generation 10 CPS technology to protect Arcadis Ost 1. This project award demonstrates the industry's continued confidence in our subsea protection solutions. We look forward to working with Global Offshore to ensure cost-effective and timely project delivery".
Enquiries:
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Tekmar Group plc Alasdair MacDonald, CEO Derek Bulmer, CFO
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+44 (0)1325 349 050 |
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Singer Capital Markets (Nominated Adviser and Joint Broker) Rick Thompson / Rachel Hayes
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+44 (0)20 7496 3000 |
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Berenberg (Joint Broker) Chris Bowman / Ben Wright / Ciaran Walsh
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+44 (0)20 3207 7800 |
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Bamburgh Capital Limited (Financial PR & Investor Relations) Murdo Montgomery
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+44 (0) 191 249 7442 |
About Tekmar Group plc - www.tekmargroup.com
Tekmar Group plc's vision is to be the leading provider of technology and services for the global offshore energy markets. The Group has five primary operating companies; these are Tekmar Energy Limited, Subsea Innovation Limited, AgileTek Engineering Limited, Ryder Geotechnical Limited and Pipeshield International limited.
Tekmar Energy is a global market leader in protection systems for subsea cable, umbilical and flexible pipe. Tekmar Energy has been trusted to protect billions of Euros worth of assets in the offshore wind, oil & gas, wave, tidal and interconnector markets since 1985.
Subsea Innovation is a global leader in the design, manufacture and supply of complex engineered equipment and technology used in the offshore energy market. Its products include large equipment handling systems which operate on the back of pipelay installation vessels; emergency pipeline repair clamps (EPRC) which protect major oil and gas pipelines, and bespoke equipment for use in the construction of offshore energy projects.
AgileTek Engineering is an award-winning subsea engineering consultancy for offshore energy projects. AgileTek helps its clients de-risk projects through advanced computer simulation and analysis. AgileDat, a division of AgileTek, provides software development, cloud architecture and data analytics services.
Ryder Geotechnical provides expert geotechnical design and consulting services to the offshore wind and subsea oil and gas sectors. Services include offshore structure foundation design, geohazard assessment and subsea cable routing and burial assessment.
Pipeshield International is a market leading provider of specialised subsea protection solutions in the form of concrete mattresses used for the stabilisation and impact protection of subsea equipment in areas where they cannot be buried and further to limit the development of scour (seabed erosion) particularly local to that of a foundation, pipeline or in marine ports.
Tekmar Energy is headquartered in Newton Aycliffe in the United Kingdom; AgileTek operates from an office in London; Subsea Innovation has its head office and manufacturing centre in Darlington, United Kingdom. Ryder operates in Newcastle and within AgileTek London, Pipeshield headquarters are in Lowestoft with manufacturing in Montrose and Blyth. Tekmar Group plc also has strategic supply bases and representation across Europe, Africa, the Middle East and Asia Pacific.
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