Pressure Technologies - Hydrogen Energy Branch

Hydrogen Branch: https://www.pressuretechnologies.com/hydrogen-energy/


The net proceeds from the issue will be used for the company's biogas upgrader projects, a payment to Pressure Technologies plc (LON:PRES) against an outstanding promissory note as well as for general corporate purposes and working capital.
https://renewablesnow.com/news/...d-867m-gross-in-share-issue-688017/

Purchase of shares by a Director
https://www.investegate.co.uk/...or-shareholding/202002281500015480E/


Pressure Technologies' Chesterfield Special Cylinders wins contract with EDF Energy
https://www.voxmarkets.co.uk/articles/...act-with-edf-energy-aa84b93/  

CSC hydrogen commercial manager, Jake Martin, has been invited to make a high profile presentation in Budapest on 26 March representing the UK's hydrogen sector at the event named 'Showcasing UK Innovation for the Energy Sector', being held in the British Residence. He'll focus on CSC's hydrogen installations in Europe and the UK, as well as looking at the need for standardisation within the hydrogen sector.   Jake will be posting a report after the event.

https://www.linkedin.com/company/...on-update_share-update_actor-text

https://www.pressuretechnologies.com/...w-machinery-boost-efficiency/  

Unsere Geschäftsbereiche Chesterfield Special Cylinders und Precision Machined Components sind an allen Standorten in Sheffield, Barton-upon-Humber, Rotherham, Pontyclun und Blantyre offen und betriebsbereit. Unsere Teams liefern bestehende Kundenprojekte und bearbeiten neue Aufträge, wobei sie die Arbeit für kritische nationale Infrastruktur-, Sicherheits- und Energieprojekte priorisieren. Wir arbeiten auf der Grundlage von „Business as usual, mit Vorsicht“ und im Einklang mit den Richtlinien der britischen Regierung.

Wir sind stolz darauf, ein vertrauenswürdiger Lieferant für unsere Kunden zu sein, die bei hochspezialisierten Produkten und Dienstleistungen auf uns angewiesen sind. Im Gegenzug geben unsere Lieferanten ihr Bestes, um die Lieferung von Materialien und spezialisierten Prozessen für die Vergabe von Unteraufträgen aufrechtzuerhalten. Wir sehen einige unvermeidliche Herausforderungen in der Lieferkette und arbeiten eng mit Lieferanten und Partnern zusammen, um sicherzustellen, dass wir so früh wie möglich verstehen, wie Projekte beeinflusst werden können, um die Auswirkungen von Verzögerungen zu identifizieren und zu minimieren.

Quelle: https://www.pressuretechnologies.com/coronavirus/  

Yes, Produktion läuft weiter und der Chef hat persönlich nachgekauft!  

alle schön am shoppen:

14 April 2020



Pressure Technologies plc

("Pressure Technologies", the "Company" or the "Group")



Purchase of shares by a Director

The Board of Pressure Technologies has been informed that Chris Walters, Chief Executive, acquired 18,000 ordinary shares in the Company on 14 April 2020, as detailed in the table below.  

weiter gehts:

"Purchase of shares by a Director

The Board of Pressure Technologies has been informed that Sir Roy Gardner, Chairman acquired 20,000 ordinary shares in the Company on over the last week, as detailed in the table below."  

PressureTechnologies (leider nicht auf Wikifolio handelbar) in 'strong' financial position following fundraiser

https://www.sharecast.com/news/aim-bulletin/...ndraiser--7856349.html  

Momentum is growing in hydrogen energy market, says Pressure Technologies
https://www.yorkshirepost.co.uk/business/...sure-technologies-3182889  

Kunden HASKEL, ITM, SHELL:
The group secured its first orders inthe hydrogen energy supply chain in FY19, winning two contractsfor high-pressure ground storage at new transport refuelling stations in the UK and overseas. Customers in the sector includeHaskel andITM Power. Although sales from the sector were only £0.7m in FY19, representing 2% of the group total, management sees hydrogen storage as a key growth sector.Since the end of March 2020,it has signed a five-year framework agreement with ShellHydrogen, under which CSC becomes the approved supplier of Type 1 steel cylinders to prospective operators of Shell-branded hydrogen refuelling stations across Europe.

https://www.edisongroup.com/wp-content/uploads/...99656&utm_sourc  

3. Details of person subject to the notification obligation (iv)
Name                                                                        Schroders plc
City and country of registered office                                        London, UK
 (if applicable)
4. Full name of shareholder(s) (if different from 3.) (v)
Name
                                                            --------------------------------------------
City and country of registered office
 (if applicable)
                                                            --------------------------------------------
5. Date on which the threshold was                                           07.05.2021
 crossed or reached (vi) :
                                                            --------------------------------------------
6. Date on which issuer notified (DD/MM/YYYY):                               10.05.2021
                                                            --------------------------------------------
7. Total positions of person(s) subject to the notification obligation
                             % of voting       % of voting rights    Total of both   Total number
                           rights attached      through financial     in % (8.A +     of voting rights
                           to shares (total        instruments            8.B)        held in issuer
                               of 8. A)           (total of 8.B                       (vii)
                                                   1 + 8.B 2)
                         ------------------  ---------------------  --------------  --------------------
Resulting situation
 on the date
 on which threshold
 was crossed
 or reached                    26.032%                N/A               26.032%           8,087,304
                         ------------------  ---------------------  --------------  --------------------
Position of
 previous notification
 (if
 applicable)                   25.211%                N/A               25.211%
                         ------------------  ---------------------  --------------  --------------------

https://uk.advfn.com/stock-market/london/...dings-in-Company/85061049  

Board Change and Appointment of Chief Financial Officer
Pressure Technologies (AIM:PRES), the specialist engineering group, is pleased to announce the appointment of James Locking as Chief Financial Officer.  James also joins the Group's Board with immediate effect.
Appointed Interim Group Finance Director in October 2020, James qualified with KPMG and brings over twenty years of experience in Finance Director and Financial Controller roles across a range of sectors.  James joined Pressure Technologies in January 2019 and is based in Sheffield, UK.
Chris Walters, Chief Executive commented:
"James brings considerable experience to the Group and has demonstrated strong financial leadership in his role throughout the operational challenges of the pandemic and as we have continued to drive strategic progress following the successful £7.5 million fundraising in December 2020.  I am delighted to confirm James's appointment to the Board."
https://tools.eurolandir.com/tools/Pressreleases/...es&v=redesign  

Der nächste Insider-Kauf:

Purchase of shares by a Director

The Board of Pressure Technologies has been informed that Mike Butterworth, Non-Executive Director of the Company, has today purchased 30,800 ordinary shares at a price of 97 pence per ordinary share in the Company, as detailed in the table below.

https://www.pressuretechnologies.com/regulatory-news/  

Pressure Technologies  (leider nicht auf Wikifolio handelbar): Royal Dutch Shell: Neue Wasserstofftankstelle in den Niederlanden

Der Auftrag ist der erste unter einem neu unterzeichneten fünfjährigen Rahmenvertrag mit Chesterfield Special Cylinders, eine Tochtergesellschaft der börsennotierten Pressure Technologies.

https://www.deraktionaer.de/artikel/...den-niederlanden-20232957.html  

Chesterfield Special Cylinders appoints Claire Snowdon as Head of Engineering, Sales and Contracts
https://www.chesterfieldcylinders.com/2021/08/10/...es-and-contracts/  

FULL-YEAR TRADING UPDATE, BOARD CHANGES AND NOTICE OF RESULTS

Revenue of approximately £25 million (2020: £25.4 million) and an adjusted operating loss1 of c.£0.8 million (2020: £2.4 million loss) reflect a strong performance in defence, nuclear and hydrogen energy markets, offset as expected by the impact of difficult trading conditions in the oil and gas market, supply chain disruptions and the delay of Integrity Management deployments from the second half of the year into FY22 and FY23.
CHESTERFIELD SPECIAL CYLINDERS
Chesterfield Special Cylinders (CSC) delivered revenue of approximately £18.6 million (2020: £11.2 million) and is expected to report an adjusted operating profit1 of c.£2.5 million (2020: £0.1 million loss).
The phasing of major defence contracts resulted in significantly higher revenue and profitability in the first half of the year, which also included the positive impact of a major defence contract delayed from FY20 into Q1 FY21. Revenue for UK and export defence contracts was approximately £11.0 million (2020: £5.1 million) and the contract pipeline continues to strengthen, providing good visibility of major naval construction and refit programmes going into FY22.
As expected, momentum has continued to build in the fast-developing hydrogen energy market, with revenue of approximately £2.2 million (2020: £0.2 million) driven by the success of CSC's optimised Type 1 steel cylinder designs that meet customer demand for safe and efficient hydrogen storage across projects in the UK, Europe and Australia.
As governments increasingly acknowledge the role of hydrogen in net zero carbon targets for transportation and in decarbonising industry, hydrogen energy storage remains a strategically important market for the Group. The pipeline of opportunities for static and mobile hydrogen storage systems continues to grow and the visibility of future demand is improving.
Collaboration with our major steel tube suppliers has been strengthened further to support competitive product development and to underpin the delivery of our future order book. The purchase of strategic steel tube stock for popular hydrogen cylinder designs in early 2021 has proved to be important in mitigating raw material cost escalation, supply chain disruption and increasing lead times.
PRECISION MACHINED COMPONENTS
Precision Machined Components (PMC) delivered revenue of approximately £6.4 million (2020: £14.2 million) and an adjusted operating loss1 of c.£1.7 million (2020: £0.7 million loss), reflecting the challenging trading conditions in the oil and gas market throughout FY21.
As expected, the demand for subsea well intervention tools, valve assemblies and control module components continued to recover strongly from March 2021, exceeding pre-pandemic order intake levels and resulting in a profitable second half of the year for our Roota and Martract sites.
However, this improving performance was offset by the slower than expected recovery in demand for subsea trees and the associated production drilling and flow control components, which severely impacted order intake at our Al-Met site. In addition, Covid-19 disruption and supply chain constraints resulted in several delays to output.
Cost-saving measures completed in February 2021 helped to minimise losses and conserve cash, whilst previous investments in equipment, systems and people have underpinned continuous improvement in operational efficiency and competitiveness.
Further strategic progress has been made on reducing customer concentrations and extending the range of products covered by the long-term supply agreements established over the past two years. We have also made initial progress in diversifying our end markets, with the first orders secured for offshore wind turbine components and for specialised fittings for UK defence projects in collaboration with CSC, which are expected to continue into FY22.
Our focus remains on the recovery of profitability and cash generation. We are encouraged by recent increases in order intake and by efficiency and margin gains achieved from operational improvements. Major OEM customers are reporting a stronger outlook for the oil and gas market during 2022 and while we remain cautious regarding the pace of recovery, the division is well placed to deliver an improved performance in FY22.
BANKING
In June 2021, the Group announced that it was in default under the terms of its Revolving Credit Facility (RCF) with Lloyds Bank due to a minor breach of covenant relating to interest cover. We are pleased to announce that amendments to the RCF were agreed with Lloyds Bank in October 2021 and the default has been remedied.
The RCF has been reduced from £6.0 million to £4.0 million and the facility term has been extended from November 2022 to June 2023.
BOARD CHANGES
Sir Roy Gardner has informed the Company of his intention to step down as Chairman and Non-Executive Director before the next Annual General Meeting in March 2022, considering his other personal commitments. With ample notice of Sir Roy's intentions, a process has been initiated to identify and appoint a Non-Executive Director to succeed to the position of Chair and to ensure a smooth handover. Sir Roy will continue to support the Company in an advisory role.
Since his appointment in January 2020, Sir Roy has overseen important developments in the Group, including the strengthening of the Board and the successful £7.5 million fundraising in December 2020, providing the Group with the resources to capitalise on opportunities in the hydrogen energy market and accelerate growth in Integrity Management services.
NOTICE OF RESULTS
On 15 December 2021, the Group will announce its preliminary results for the 52 weeks to 2 October 2021.

https://tools.eurolandir.com/tools/Pressreleases/...es&v=redesign  

Pressure Technologies PLC on Tuesday said it has appointed a new chief financial officer, effective from the second quarter of 2023, and replacing the resigning incumbent.

The Sheffield, England-based group of specialist precision engineering businesses said Steve Hammell will join the company and board in the second quarter of 2023. He will replace James Locking, who will be stepping down at the end of February, as announced in November.

Hammell is currently CFO at Sheffield Forgemasters International Ltd, who manufacture ultra-heavy forgings and castings for a wide range of industry sector, including UK and international defence markets.

With over 29 years of experience as a chartered accountant, Hammell has held several financial leadership roles, including as CFO of cybersecurity firm ECSC Group PLC and group finance director of international technology consultancy eBECS Ltd.

Pressure Technologies said, to ensure a smooth transition from Locking to Hammell, recent management changes have been made within its finance function, including the addition of interim finance support to ensure the completion of ongoing projects such as its financial 2022 audit.

"We are delighted that Steve will be joining the company and board, where his considerable knowledge and experience will contribute significantly to the development of the business," said Pressure Technologies Chair Nick Salmon.

"The board would like to thank James for his contribution and service to the business over the past four years and wishes him every success for the future."

Shares in Pressure Technologies were down 3.8% to 38.00 pence each in London on Tuesday morning.

https://www.lse.co.uk/news/...ive-second-quarter-mho116f276ixiz9.html  

Pressure Technologies (AIM: PRES), the specialist engineering group, is pleased to announce that its wholly owned subsidiary, Al-Met Limited, part of the Group's Precision Machined Components ("PMC") division, has been awarded a record £3 million order from an established international OEM customer for the supply of flow control components and subassemblies used in high-pressure extreme service oil and gas applications.
https://www.investegate.co.uk/...order-placement/202303270705012314U/