LONDON (ShareCast) - (Sharecast News) - Subsea cable, umbilical and flexible pipe protection technology provider Tekmar Group announced on Tuesday that Tekmar Energy had signed a remedial contract worth around £3m for execution over the next six months.
The AIM-traded firm said the contract was for bespoke remedial cable protection systems for replacement subsea cables to be installed on an existing UK offshore wind farm.

"This is an important project for the group," said Tekmar chief executive officer James Ritchie.

"It is Tekmar Energy's first significant contract for work which will be undertaken within the operational phase of a wind farm, rather than our usual build phase contracts.

"It is also one of the biggest individual contracts Tekmar Energy has won this financial year and was secured through company synergies, product offering and flexibility."

Ritchie said Tekmar Energy was not previously involved in the project, with the win demonstrating that there were a number of new opportunities for the group in existing wind farms..

"AgileTek provided technical analysis to help identify the root cause and Tekmar Energy are providing proprietary cable protection technology.

"This demonstrates how the group's businesses work together to support our vision of becoming our customer's partner of choice for subsea protection."

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