Major Orders for UK Naval Pro

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[{"type":"text","content":"\n RNS Number : 2887Q Pressure Technologies PLC 02 August 2010  \n \n\nMajor Orders for UK Naval Projects\n \nPressure Technologies (\"PT\") is pleased to announce that, following confirmation of continued funding from the Government for UK Naval projects, Chesterfield Special Cylinders (\"CSC\"), has won orders from BAE Systems for the supply of high pressure air cylinders for the fifth Astute Class submarine currently being built at Barrow-in-Furness and the two new aircraft carriers, Queen Elizabeth and Prince Charles, the first of which is now being built at Rosyth on the river Forth.\n \nThe contracts, which are worth over £2 million in total, are for the supply of forged steel high pressure cylinders and will be used for the storage of ballast air, breathing systems and emergency back up systems in the submarine and bulk storage of breathing air on the aircraft carriers.  The cylinders will be supplied during 2011.\n \nCSC, which is based in Sheffield, has a 90 year history of supplying the Royal Navy with its marine air storage requirements and has, more recently, also won major contracts for the French and Spanish navies.\n \nJohn Hayward, Chief Executive of PT, said: \"Winning these orders confirms Chesterfield Special Cylinders' position as the market leader in terms of cylinder innovation, design and manufacture for the European naval market and, importantly, provides a firm platform from which to gain more business globally.\"\n \n \nFor further information, please contact:\n \n\n\n\n\nPressure Technologies plc\nJohn Hayward, Chief Executive\nJames Lister, Group Finance Director\n \n\n\nTel: 0114 242 7500\nwww.pressuretechnologies.co.uk\n \n\n\n\n\nFairfax IS PLC\nKaty Birkin\nLaura Littley\n \n\n\nTel: 0207 598 5368 \n\n\n\n\nRawlings Financial PR Limited\nCatriona Valentine\n \n\n\nTel: 01653 618 016\nwww.rawlingsfinancial.co.uk\n \n\n\n\n\n \nCompany description:\n \nPressure Technologies is the holding company for Chesterfield Special Cylinders Limited (\"CSC\"). CSC designs, manufactures and offers retesting and refurbishment services for a range of speciality high-pressure, seamless steel gas cylinders for global energy and defence markets. The business has been conducted under the \"Chesterfield\" brand which is a long establi...

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