QM Systems contract win with Dana Holding Corporation

PIPEHAWK PLC - QM Systems contract win with Dana Holding Corporation

PR Newswire

London, December 22

22 December 2015

PipeHawk plc

(“PipeHawk” or the “Company”)

QM Systems contract win with Dana Holding Corporation

QM Systems, a wholly-owned subsidiary of PipeHawk, is pleased to announce that it has been awarded a major contract with Dana UK Axle Ltd (“Dana UK Axle”), a subsidiary of Dana Holding Corporation (a further new client to QM Systems), to deliver a turnkey system for the assembly of vehicle axles at Dana UK Axle’s Birmingham, UK facility for over £500,000. The system will involve a number of integrated elements including a press and a robotic weld system. The project is due for delivery by the end of Q2 2016.

Gordon Watt, Chairman of PipeHawk plc commented, "We have developed a good relationship with Dana and I am confident that Dana will become one of our larger clients. This is the first of the expected orders referred to in our recent shareholder presentation."

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