Pipehawk wins £2.6m contract from Penso UK
StockMarketWire.com - Electronic systems developer Pipehawk said subsidary QM Systems had won a partnership contract from Penso UK worth around £2.6m.
The contract, due for completion in October, involved QM Systems providing a fully-automated production facility for the manufacture of a new carbon fibre product to be installed at Penso UK's facility in Coventry.
'This is great news and marks the continued development of QM Systems' innovation technology into new and exciting industries,' chief exectuive Gordon Watt said.
At 1:38pm: (LON:PIP) PipeHawk PLC share price was +1.5p at 6.75p
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