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17 Sep 2018 | 14:35

Avingtrans secures molten salt contracts in the US

Critical components manufacturer for the energy and medical sectors Avingtrans said it had secured over $3m worth of contracts related to molten salt applications in advanced nuclear and solar power technologies in the US.

The first set of contracts, worth around $2.4m, was for the design, manufacture and test of high temperature molten salt pumps for advanced nuclear test facilities.

The second set related to government-funded projects worth about $1m for the research and development of pumps, to be deployed in both advanced solar and advanced nuclear test facilities.

At 2:35pm: (LON:AVG) Avingtrans PLC share price was +7p at 224.5p

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