Tekmar Group plc announce new contract award for the design and supply of TekDuct.

Tekmar Group (AIM: TGP), a leading technology and services provider for the global offshore energy markets, is pleased to announce a new contract award with a total value in excess of £2.5 million.

The contract is for the design and supply of TekDuct, one of Tekmar Group’s cable protection products, ballast modules and associated ancillaries for a significant subsea project in the Middle East and is expected to be delivered in the second quarter of 2024.

Alasdair Macdonald, CEO of Tekmar Group, said “This contract highlights our strong position in the Middle East, a strategically important market for us, where we are well positioned to support our customers’ complex engineering requirements in the region. We look forward to supporting our partners in successfully delivering this project.”