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REG-Clyde Process Solutions PLC: New Order Awarded
Released: 09/10/2009
9 October 2009
Clyde Process Solutions plc
("CPS" or the "Group")
£1.1 million order secured from world leading cement producer
Clyde Process Solutions plc (AIM: CPSP), a global provider of pneumatic
conveying and air filtration solutions for process industries, announces that
it has been awarded a £1.1 million order by one of the world's leading cement
producers. This new order has been secured for deployment within one of the
cement producer's plants located in Eastern Europe.
CPS will supply this plant with a pneumatic conveying system that will be
utilised to transport fly ash within their cement producing facility. Fly ash
is a waste material produced predominately from the power generation industry
when burning coal. Fly ash is commonly used as an alternative material and fuel
across a wide range of process industries. The cement industry utilises fly ash
as an alternative material to mineral in the production of finished cement. As
such, the cement industry represents a significant opportunity for the Group
with this order providing a basis for future growth.
Commenting on this order, Alex Stewart, Chief Executive of Clyde Process
Solutions plc said: "This is a significant order to have secured within the
European cement market and from one of the world's leading cement producers.
Our ability to communicate the return on investment and energy efficient
benefits of our technology against strong competition was an integral element
in securing this order from this customer.
"The order, which is our first fly ash pneumatic conveying project for the
cement industry, was secured at a competitive level of contribution and in line
with management expectations. This contract win will form the launchpad of an
additional sales strategy for the cement industry.
"Our sales pipeline of opportunities within the cement industry has grown,
particularly within Europe in the last quarter, and we will aim to secure
additional orders from this industry before the end of this financial year."
For further information please contact:
Clyde Process Solutions plc
Alex Stewart, Chief Executive Tel: +44 (0) 1355 575 000
www.clydeprocesssolutions.com
Nominated Adviser
Antony Legge Tel: +44 (0) 20 7448 4468
Dowgate Capital Advisers Limited
Broker
Chris Hardie Tel: +44 (0) 207 398 1600
Arden Partners
Media enquiries:
Abchurch
George Parker Tel: +44 (0) 20 7398 7719
george.parker@abchurch-group.com www.abchurch-group.com
Notes to Editors
Clyde Process Solutions plc is a global provider of pneumatic conveying and air
filtration solutions for process industries. The Group is primarily involved
with the design and implementation of energy efficient, environmentally
beneficial solutions, which are used to handle the raw materials required to
produce commodities such as metals, cement, chemicals and ethanol. The use of
pneumatic conveying and air filtration technologies enables CPS's clients to
solve challenges associated with other methods of conveying, including dust and
material spillage and subsequent possible contamination of both operational
environments and the local communities in which the manufacturing facilities
are based.
The Group has an extensive, global reference list and has used its technologies
to improve the operational effectiveness of their customers' production
processes.
The Group has two principal subsidiaries:
MAC Equipment ("MAC") is a leading provider in the US market, focused
on the design, engineering and manufacturing of customised pneumatic
conveying and air filtration systems to customers in manufacturing
environments, including food, chemicals, building products, plastics,
ethanol and biodiesel industries.
Clyde Materials Handling ("CMH") provides pneumatic conveying,
pneumatic injection and dome valve solutions to a global and diverse
customer base which primarily operates in the metals and minerals
markets. Focused on the innovation, design and engineering of tailored
solutions, CMH has helped generate an array of operational, economic
and environmental benefits within their customers' processes.
Clyde Process Solutions has close to 40 years of experience in the pneumatic
conveying and air filtration industry, backed by a wealth of process knowledge.
The company employs over 500 staff throughout 10 worldwide offices to support
its global customer base.
For further information, please see www.clydeprocesssolutions.com
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