US$10m Contract Award

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR. Upon the publication of this announcement via a Regulatory Information Service, this inside information is considered to be in the public domain.

Tekmar Group plc

("Tekmar", the "Company" or the "Group")

US$10m Contract Award

Tekmar Group plc (AIM: TGP), a leading provider of asset protection technology and offshore energy services globally, is pleased to announce a significant new contract award worth in excess of US$10 million, with a leading international Engineering Procurement & Construction (EPC) contractor.

The contract is for the design and manufacture of Tekmar's industry-leading polyurethane cable protection system, TekDuct, along with engineered ballast modules, for a major offshore energy project in the United Arab Emirates. Work on the contract will commence immediately, with final delivery scheduled for Q1 2026.

Richard Turner, CEO of Tekmar Group, commented:

"We are delighted to partner again with this major customer on a significant energy project. This award reflects our strong presence and track record in the Middle East and underpins our position as a market leader in supporting customers with high-quality engineered asset protection technology. This contract is also an important marker as we translate our healthy pipeline to good quality orders and build the platform for sustained growth for 2026 and beyond."

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About Tekmar Group plc

Tekmar Group plc collaborates with its partners to deliver robust and sustainable engineering led solutions that enable the world's energy transition.

Through our Offshore Energy and Marine Civils Divisions we provide a range of engineering services and technologies to support and protect offshore wind farms and other offshore energy assets and marine infrastructure. With near 40 years of experience, we optimise and de-risk projects, solve customer's engineering challenges, improve safety and lower project costs. Our capabilities include geotechnical design and analysis, simulation and engineering analysis, bespoke equipment design and build, subsea protection technology and subsea stability technology. 

We have a clear strategy focused on strengthening Tekmar's value proposition as an engineering solutions-led business which offers integrated and differentiated technology, services and products to our global customer base.

Headquartered in Newton Aycliffe, UK, Tekmar Group has an extensive global reach with offices, manufacturing facilities, strategic supply partnerships and representation in 18 locations across Europe, Africa, the Middle East, Asia Pacific and North America.

For more information visit: www.tekmargroup.com