24 October 2024 - contract

It is good to see that shares in Pressure Technologies have moved up from the 29.5p level when tipped in the September issue of cityconfidential.  Following on from the disposal of the PMC division which has left the group focused on its Chesterfield Special Cylinders business, the latter has won a contract from The Royal Canadian Navy to supply air pressure vessels.  The £2.8m contract covers the first three ships in a 15 ship programme with work set to commence next year and the vessels expected to be delivered over the next five years . . .

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