Tekmar secures 'significant contract award' with existing customer

(Sharecast News) - Offshore energy services provider Tekmar said on Thursday that it has secured "a significant contract award" in excess of €8m with an existing customer. Tekmar said the contract will see it supply its tenth generation cable protection system and associated ancillaries for a major UK offshore wind farm. It will deploy its "in-house engineering expertise and holistic CPS design capabilities" to deliver an optimised technical solution for the project.

The AIM-listed firm stated that subject to a final investment aecision in early 2026, delivery will take place in late 2027, with revenue phased across FY26 and FY27.

Tekmar added that contract award reflects the strength of its relationship with the existing customer and its proven track record in delivering "reliable, technically robust protection technology".

As of 0855 GMT, Tekmar shares had surged 18.18% to 9.75p.





Reporting by Iain Gilbert at Sharecast.com