7 October 2011
PipeHawk Plc
("PipeHawk" or the "Company")
QM Systems secures two new project wins
PipeHawk is delighted to announce that QM Systems, a division of the Company,
has been awarded two new projects by Knorr Bremse Rail Systems UK Limited
("KBRS").
The projects relate to the provision of a range of production and test
facilities for KBRS and are expected to be installed and commissioned during Q1
2012. The projects are worth approximately £400,000 and the revenue from these
projects is expected to be recognised in the current financial year.
Gordon Watt, chairman of PipeHawk Plc commented:
"QM Systems has made considerable progress during the last year and has firmly
established itself as a leading and innovative solution provider. I am very
excited by these project wins which demonstrate success on all levels in terms
of client satisfaction. These project wins demonstrate further diversification
into large scale infrastructure projects and expansion into the heavy rail
industry. QM's order book is very healthy and prospects for the foreseeable
future look very bright indeed".
Enquiries:
PipeHawk Plc 01420 590 990
Gordon Watt (Chairman)
Merchant Securities Limited 020 7628 2200
David Worlidge
Simon Clements
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Source: Pipehawk PLC via Thomson Reuters ONE
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