Avingtrans PLC Hayward Tyler Secures New Contracts worth $6m (5672U)
April 01 2019 - 1:00AM
UK Regulatory
TIDMAVG
RNS Number : 5672U
Avingtrans PLC
01 April 2019
1 April 2019
Avingtrans
("Avingtrans" or the "Company")
Hayward Tyler Secures New Nuclear Contracts worth $6m
Avingtrans PLC (AIM: AVG), which designs, manufactures and
supplies original equipment, systems and associated aftermarket
services to the energy and medical sectors, is pleased to announce
that its business unit, Hayward Tyler, has secured two new
contracts worth over US $6m from US and South Korea customers.
The contracts are to provide critical pumps and spare parts to
nuclear reactors in the US and South Korea for Essential Service
Water pumps. The US contract is with one of the country's leading
nuclear operators and is a significant increase in size of contract
for this particular customer, so represents an important
breakthrough for the Company. Hayward Tyler has been an original
equipment supplier of nuclear pumps and spare parts to the global
nuclear industry, including Korea Hydro & Nuclear Power, for
over 50 years.
These latest orders, for spare parts and pumps to upgrade and
refurbish existing nuclear power plants, takes the total value of
nuclear orders received this financial year to US $14m. Hayward
Tyler Inc., located in Vermont USA, continues to support global
nuclear operations with parts, units, and technical support through
its team of nuclear professionals and the underlying nuclear
quality program.
Mike Turmelle, Managing Director of the Engineered Pumps and
Motor division, said: "Support to nuclear power station operators
across the globe is a key part of the Hayward Tyler business. We
are dedicated to supporting our international nuclear customers to
drive down operating cost as well as increasing the reliability and
safety of the systems that our pumps operate in. The nuclear
industry must continue to deliver affordable, safe, low carbon
energy as part of a balanced global energy solution. The whole team
at Hayward Tyler are proud to be part of the nuclear supply chain
and this order is testament to their dedication, professionalism
and long-term commitment to the industry."
ENDS
Enquiries:
Avingtrans plc
Steve McQuillan, CEO
Stephen King, CFO 0135 469 2391
N+1 Singer (Nomad and Broker)
Shaun Dobson/Lauren Kettle (Corporate
Finance)
Mia Gardner/Rachel Hayes (Corporate
Broking) 0207496 3000
Newgate Communications (Financial
PR)
Adam Lloyd
Tom Carnegie 020 7653 9850
About Avingtrans
Avingtrans designs, manufactures and supplies original
equipment, systems and associated aftermarket services to the
energy, medical and industrial markets worldwide.
Business units
Hayward Tyler - Luton & East Kilbride, UK and USA, China and
India
Specialises in the design, manufacture and servicing of performance-critical
motors and pumps for challenging environments.
Stainless Metalcraft Ltd - Chatteris, UK and Chengdu, China
Provider of safety-critical equipment for the energy, medical,
science and research communities, worldwide, specialising in
precision pressure and vacuum vessels and associated fabrications,
sub-assemblies and systems.
Maloney Metalcraft Ltd - Aldridge, UK
Designs, manufactures and services oil and gas extraction and
processing equipment, including process plant for dehydration,
sweetening, drying and compression.
Ormandy Group, Bradford, UK
Design, manufacturers and servicing of off-site plant, heat
exchangers and other HVAC (heating, ventilation and air conditioning)
products
Peter Brotherhood - Peterborough, UK
Specialises in the design, manufacture and servicing of performance-critical
steam turbines, turbo gen-sets, compressors, gear boxes and
combined heat and power systems.
Composite Products Ltd - Buckingham, UK
Centre for composite technology, parts and assemblies, serving
customers in industrial markets.
Scientific Magnetics - Abingdon, UK
Designs and manufactures superconducting magnet systems and
associated cryogenic systems for a variety of markets including
MRI and provides service and support for Nuclear Magnetic Resonance
instruments.
Tecmag Inc, Houston, USA
Designs, manufactures, tests and installs instrumentation, including
full consoles, system upgrades, and solid-state probes, mainly
for Magnetic Resonance Imaging (MRI) and Nuclear Magnetic Resonance
(NMR) systems.
Crown International Ltd - Portishead, UK
Designs and manufactures market-leading pole and support systems
for roadside signage and safety cameras, rail track signalling
and gantries.
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END
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