- Pipehawk has won a contract worth GBP800,000 from JVM Castings
- The contract is for the design, manufacture, and supply of automated assembly systems
- The systems will be used in automotive aluminum castings
- QM Systems, a subsidiary of Pipehawk, will be responsible for the project
- Chairman Gordon Watt expressed satisfaction with the ongoing partnership between JVM and QM Systems
- Shares of Pipehawk rose by 6.8% following the announcement
Pipehawk, a U.K.-listed technology company, has secured a contract worth GBP800,000 from JVM Castings. The contract involves the design, manufacture, and supply of automated assembly systems for automotive aluminum castings. QM Systems, a subsidiary of Pipehawk, will be responsible for the project. Chairman Gordon Watt expressed his satisfaction with the ongoing partnership between JVM and QM Systems. Following the announcement, shares of Pipehawk saw a 6.8% increase.
