Tekmar wins CPS supply contract with Global Offshore for Arcadis Ost 1

Under the supply contract, Tekmar will design, manufacture, and supply its latest generation of TekTube cable protection systems to protect the wind farm array cables as they transition from the seabed into the wind turbine foundation at 27 separate locations.

The AIM-listed firm stated the cable protection systems will be manufactured at its facility in the northeast of England before being delivered to Global Offshore in 2022.

Managing director Marc Bell said: "We are delighted that Global Offshore has selected Tekmar Energy's Generation 10 CPS technology to protect Arcadis Ost 1.

"This project award demonstrates the industry's continued confidence in our subsea protection solutions. We look forward to working with Global Offshore to ensure cost-effective and timely project delivery".

As of 1030 GMT, Tekmar shares were up 5.69% at 53.90p.