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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