Business
New contract and framework agreement
New contract and framework agreement.
About this update from Tekmar Group Plc
[{"type":"text","content":"\n \nRNS Number : 6098U Tekmar Group PLC 13 July 2018 \n\nRNS Reach\nFor immediate release: 13 July 2018\n \nTekmar Group plc\n \n(\"Tekmar\" or the \"Company\")\n \nØrsted selectes Tekmar Energy for Borssele I&II along with a 6 year framework\n \nTekmar Group plc, a market-leading technology provider of protection systems for subsea cable, umbilical and flexible pipes and offshore engineering services, is pleased to announce that Ørsted (formerly DONG Energy) has selected the Company's patented Cable Protection System (or CPS) TekLink Mechanical Latch for it Borssele I&II Offshore Wind Farm Projects.\n\nAlongside this recent win, Tekmar is also pleased to announce that it has successfully won a place on Ørsted's 6-year framework for providing Cable Protection Systems on Ørsted's future projects.\n\nBorssele I&II, a 752MW project that will go into construction off the coast of The Netherlands in 2020, is important as it is one of the first projects to start a trend of significant price reductions within the Offshore Windfarm Industry.\n \nJames Ritchie, CEO of Tekmar, said:\n\n\"We could not be more pleased that Ørsted has chosen Tekmar not only for the Borssele I&II project but also to be part of the framework going forward. This supports our vision to be our customers' partner of choice and will drive us to innovate to support in cost and risk reduction for this project and the next generation of offshore wind farms.\"\n \n-ends-\n \n \nEnquiries:\n\n\n\n\nTekmar Group plc\nJames Ritchie, Chief Executive Officer\nSue Hurst, Chief Financial Officer\n \n\n\n+44 (0)1325 379 520\n\n\n\n\nGrant Thornton UK LLP (Nominated Adviser)\nPhilip Secrett / Jen Clarke\n \n\n\n+44 (0)20 7383 5100\n\n\n\n\nBerenberg (Sole Global Coordinator and Broker)\nChris Bowman / Ben Wright / Laure Fine\n \n\n\n+44 (0)20 3207 7800\n\n\n\n\nBelvedere Communications (Financial PR)\nCat Valentine / Llew Angus\n\n\n+44 (0) 20 3567 0515\n \n\n\n\n\n \n \n \nAbout Tekmar Group plc - www.tekmar.co.uk\n \nTekmar Group plc is a market-leading technology provider of protection systems for subsea cable, umbilical and flexible pipes and offshore engineering services.\n \nIt operates two primary divisions: the Offshore Wind Farm division,...