SRJ TECHNOLOGIES GROUP PLC

SRJ TECHNOLOGIES GROUP PLC (ASX: SRJ)

SRJ Technologies secures a 3-year contract to supply BoltEx® product to PTTEP in Malaysia with partner Eftech International.
BoltEx® product demonstrates key advantages over competitors during PTTEP's extensive market survey.
Contract call off value over three years is approximately A$667k (US$449k) for product only, with an initial purchase order of A$154k (US$102k).

2023-05-04 10:25:00

SRJ Technologies Group has signed a Strategic Alliance Agreement with Cokebusters Limited.
Both companies will combine their technical expertise to develop asset integrity solutions for pipeline and pipework systems.
The solutions will generate potential high-margin revenue streams and help manage significant environmental risks.

2023-03-23 08:15:00

SRJ Technologies Group has secured orders and formed strategic relationships with Stork and Jergo for asset integrity solutions.
Both companies are leading maintenance and repair suppliers in the North Sea.
The initial orders represent a wider opportunity for SRJ products and solutions across the UK/Norwegian North Sea.

2023-03-20 08:16:00

$3.5 million convertible loan facility entered with Mercer and $1.4 million committed.
Pro forma cash balance increased and balance sheet strengthened.
Funds raised to accelerate SRJ's sales and marketing growth initiatives.

2023-02-16 13:59:00

SRJ has been awarded another major contract in West Africa for a long-term lease of its proprietary flange integrity equipment – BoltEx® flange clamps.
SRJ equipment has been deployed via the contracting party, EnerMech, on a floating production and storage offloading unit (“FPSO”) which is managed by one of the world’s largest FPSO operators.
An initial AU$144,000 for the first four weeks has already been billed with further rental periods expected to continue for the next 12 months.

2023-01-18 08:23:00

Revenues for CY22 are expected to be in the region of £1m (A$1.7m) which represents 200%+ increase compared to prior year FY21 revenues of £321k (A$601k))
ADNOC - Sixty-nine clamps and enclosures design and installation, preventing a toxic gas release in a valve pit on Das Island. This is expected to lead to repeat business in 2023.
SABIC - Large diameter oxygen pipe leak repair including the design and provision of a 10-inch #300 BoltEx® clamp to replace corroded bolts on an oxygen pipeline, along with flange enclosures on a 10 -inch and an 18-inch pipeline.

2022-12-29 09:31:00