Reach - a non-regulatory announcement
20 September 2022
PipeHawk plc
("PipeHawk", "Company" or the "Group")
Thomson Engineering Design sign Memorandum of Understanding with Unipart Rail
PipeHawk is pleased to announce that Thomson Engineering Design Limited ("TED"), one of the Group's subsidiaries, has signed a Memorandum of Understanding with Unipart Rail Limited ("Unipart Rail") for distribution of a range of standard TED products ("the MOU"). The MOU has set in place an exclusive arrangement for Unipart Rail to be TED's sales and distribution partner in Europe, Asia, New Zealand, Australia and the Americas. There are no minimum sales required to be achieved to maintain the exclusive arrangement.
The MOU was signed on 16 September 2022 and will be officially announced at the InnoTrans Rail show held in Germany today.
The InnoTrans show will see Unipart Rail, with the support of TED, unveil a range of products to global clients.
The partnership is expected to gather momentum over the next 12 months and will run for an initial period of three years.
Gordon Watt, Chairman of PipeHawk, commented: "The signing of the MOU between Unipart Rail and TED provides the Group with access to an already established global sales channel for the sale and distribution of a range of TED products to Global markets thus enabling TED to expand its global reach with a number of key products. This partnership provides Unipart Rail with exclusive access outside of the UK to a core range of TED products."
Jake Rudham, Marketing and New Products Director of Unipart Rail, said: "Unipart Rail is delighted to be working in partnership with Thomson Engineering Design. Their innovation perfectly aligns with our goals of being the performance improvement partner for the global rail industry, and we look forward to working with them."
Enquiries:
| PipeHawk Plc Gordon Watt (Chairman)
| Tel. No. 01252 338 959 |
| Allenby Capital (Nomad and Broker) | Tel. No. 020 3328 5656 |
David Worlidge/Vivek Bhardwaj
Notes to Editors
For further information on the Company and its subsidiaries, please visit: www.pipehawk.com
About Reach announcements
This is a Reach announcement. Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute media only / non-regulatory news releases into the public domain. Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on Reach.
Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.