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Nuclear Contract Win

31st Mar 2014 07:00

RNS Number : 5463D
Hayward Tyler Group PLC
31 March 2014
 



 

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

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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