Pipehawk's QM Systems Secures Penso Expansion Contract

(Alliance News) - Electronic systems developer Pipehawk PLC on Wednesday said its subsidiary ...

Alliance News 11 December, 2019 | 5:00PM
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(Alliance News) - Electronic systems developer Pipehawk PLC on Wednesday said its subsidiary company QM Systems has been awarded a contract by Penso UK Ltd to expand on the automated Flava manufacturing system installed earlier this year.

The contract which has a value of GBP1 million will commence immediately and is expected to be completed by April next year.

Gordon Watt, Chairman of PipeHawk commented: "The follow-on contract from Penso builds on the partnership that Penso and QM have established to provide a market leading first of its kind in automated flexible lightweight carbon fibre structures. We are very much looking forward to continuing our journey with Penso over the coming months."

In separate news, Pipehawk subsidiary utility detection company Adien Ltd was awarded contracts assisting with the 5G mast roll-out. Adien also secured multi-year framework agreements with two major whisky distillery groups to survey all their sites.

The stock closed up 32% at 6.60 pence in London on Wednesday.

By Ife Taiwo; ifetaiwo@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
PipeHawk PLC 6.13 GBX 0.00 -

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