6th Jul 2018 15:43
LONDON (Alliance News) - Electronic systems development company PipeHawk PLC said Friday that is subsidiary QM Systems inked a GBP1.6 million contract with Cox Powertrain Ltd to develop a "turnkey" production system in the marine industry.
The contract, which started immediately, is due for delivery within the current year.
Cox is a British designer and manufacturer of diesel engines.
Chairman of PipeHawk Gordon Watt said: "This is wonderful news for the start of our new financial year and further demonstrates QM System's ability to continually expand with the development of new partners into exciting industries."
PipeHawk shares doubled in value trading at 7.25 pence each.
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