Avingtrans PLC Energy Steel Secures Nuclear Contract worth $4.1m
March 21 2022 - 3:00AM
RNS Non-Regulatory
TIDMAVG
Avingtrans PLC
21 March 2022
21 March 2022
Avingtrans Plc
("Avingtrans", the "Company", or the "Group")
Energy Steel Secures Nuclear Contract worth $4.1m
Avingtrans PLC (AIM: AVG), which designs, manufactures and
supplies critical components, modules, systems and associated
services to the energy, medical and industrial sectors, is pleased
to announce Energy Steel has been awarded a $4.1M contract from
Nuclear Waste Partnership LLC.
Energy Steel , part of the Engineered Pumps and Motors Division
of Avingtrans plc and leader in high quality components,
fabrications, and materials for the nuclear energy sector, has been
awarded a $4.1M contract from Nuclear Waste Partnership LLC . The
contract, which is expected to be completed by June 2023 , includes
the supply of materials and subassemblies required for the waste
isolation pilot plant (WIPP) , the nation's only deep geological
long-lived radioactive waste repository. The materials and
subassemblies will be used in the construction of the TRUPACT-II
and HalfPACT Type B packages developed by the U.S. Department of
Energy. Both packages are utilized as a safe means for the
transportation of transuranic materials and designed to reduce the
number of radioactive shipments.
Drew Baker, President of Energy Steel, commented:
" We're delighted that Energy Steel continues to gather momentum
and this contract supports continuing growth. Energy Steel has been
serving the nuclear industry over the last 40 years, and we are
honored to support one of the most ambitious energy projects in the
world today . "
Enquiries:
Avingtrans plc 01354 692391
Roger McDowell, Chairman
Steve McQuillan, Chief Executive Officer
Stephen King, Chief Financial Officer
Singer Capital Markets (Nominated Adviser
and Broker) 02074 963000
Shaun Dobson
Alex Bond
Oliver Platts
Rachel Hayes
IFC Advisory (Financial PR) 020 3934 6630
Graham Herring
Tim Metcalfe
Zach Cohen
About Avingtrans plc:
Avingtrans designs, manufactures and supplies original
equipment, systems and associated aftermarket services to the
energy, medical and industrial markets worldwide.
Business units
Hayward Tyler - Luton & East Kilbride, UK and USA, China and India
Specialises in the design, manufacture and servicing of performance-critical
motors and pumps for challenging environments.
Energy Steel, Inc - Rochester Hills, Michigan, USA
Energy Steel, part of the Engineered Pumps and Motors Division of Avingtrans
plc, has been serving the nuclear power industry since 1982 with capabilities
in equipment fabrication, material supply, precision machining, engineering,
and repair services. Through strategic OEM partnerships, it also provides solutions
for obsolete nuclear components and support for the most complex projects.
Stainless Metalcraft Ltd - Chatteris, UK and Chengdu, China
Provider of safety-critical equipment for the energy, medical, science and research
communities, worldwide, specialising in precision pressure and vacuum vessels
and associated fabrications, sub-assemblies and systems.
Booth Industries - Bolton, UK
Designs, manufactures, installs and services doors and walls which can be tailored
to be: blast &explosion proof; fireproof; acoustically shielded; high security/safety;
or combinations of the above
Ormandy Group, Bradford, UK
Design, manufacturers and servicing of off-site plant, heat exchangers and other
HVAC (heating, ventilation and air conditioning) products
Composite Products Ltd - Buckingham, UK
Centre for composite technology, parts and assemblies, serving customers in
industrial markets.
Magnetica Ltd - Brisbane, Australia
Magnetica Limited specialises in the development of next generation MRI technologies,
including dedicated extremity MRI systems and MRI system components. Magnetica
has successfully built and tested a compact, integrated 3 Tesla orthopaedic
MRI system, demonstrating clinical-quality imaging. Commercialisation of this
system (and others) is on-going. Magnetica's structure now includes two other
business units:
Scientific Magnetics - Abingdon, UK
Designs and manufactures superconducting magnet systems and associated cryogenics
for a variety of markets including MRI and provides services for Nuclear Magnetic
Resonance instruments.
Tecmag Inc, Houston, USA
Designs, manufactures and installs instrumentation, including consoles, system
upgrades, and probes, mainly for Magnetic Resonance Imaging (MRI) and Nuclear
Magnetic Resonance (NMR) systems.
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