31st Mar 2014 07:00
31 March 2014
Hayward Tyler Group plc
("Hayward Tyler", the "Company" or "the Group")
Nuclear Contract Win
Further to Hayward Tyler's acceptance onto the Civil Nuclear Sharing in Growth Programme ("CNSIG"), the Directors of Hayward Tyler (AIM:HAYT) are delighted to announce a new £2.3 million contract to supply major assemblies for two existing Hayward Tyler mission-critical Reactor Internal Pumps at Sweden's Forsmark Nuclear Power Plant. The order is due to be fulfilled over the next 24 months.
Originally constructed in the 1970's, the latest order forms part of the on-going investment programme at Forsmark to extend the lifespan, as well as increase the capacity, of the facility. The major assemblies being manufactured by Hayward Tyler will be housed within the reactor and incorporate additional stretch tubes and impeller assemblies designed to work in high pressure and extreme temperature environments. Hayward Tyler has a total of 18 motors installed at Forsmark.
Ewan Lloyd-Baker, CEO of Hayward Tyler, commented:
"This latest contract win forms part of our Nuclear Excellence Drive. With the "N" Stamp approval in place in the US and acceptance onto the CNSIG Programme in the UK, we believe we are in an excellent position to extend our presence in the nuclear market given we now have over 1,000 pumps in active service globally. With an estimated 490 nuclear power stations planned worldwide by 2030, this presents a huge opportunity for growth in a market which we know well."
Enquiries:
Hayward Tyler Group plc Ewan Lloyd-Baker, Chief Executive Officer Nicholas Flanagan, Chief Financial Officer |
Tel: +44 (0)1582 731144 |
FinnCap Limited - NOMAD & Broker Matt Goode - Corporate Finance Ben Thompson - Corporate Finance Tony Quirke - Corporate Broking |
Tel: +44 (0)20 7220 0500
|
Akur Limited - Corporate Finance Adviser David Shapton Tom Frost |
Tel: +44 (0)20 7493 6548 |
GTH Communications Limited Toby Hall Suzanne Johnson Walsh |
Tel: +44 (0) 20 7822 7493
|
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