PRES has been a great performer since arriving on AIM.
Following National Grid's recent report it looks like there could be a big opportunity in biogas. New commentary on Investor's Champion, www.investorschampion.com.

Up 11%, not stopping at the moment.

Notice of Results and Trading Update

RNS


RNS Number : 1437R

Pressure Technologies PLC

23 October 2013








23 October 2013



Pressure Technologies plc

(AIM: PRES)



Notice of Results and Trading Update



Pressure Technologies plc (the "Group") is pleased to announce a positive trading update following a strong close to the year ended 28 September 2013.



Trading in the second half of the financial year was strong in both the Cylinders and Engineered Products divisions. The Cylinders division was buoyed by increased demand in the oil and gas sector and a growth in naval defence projects, when compared to 2012, resulting in a better than expected end to the financial year just finished.



In the Engineered Products Division, Hydratron UK delivered a major improvement in sales and profits in the second-half, after a slow start to the financial year. Hydratron Inc, which is based in Houston, Texas, was brought under the direct control of Hydratron UK in May this year and has since been making positive headway in the important US Oil and Gas market. Al-Met continued to grow in line with the increased building of subsea trees for the deep water oil and gas market.



As a result of these various factors, the Group now expects that the results for the year ended 28 September 2013 will be ahead of market expectations. The preliminary results will be announced on Tuesday, 3 December 2013.



Looking ahead to 2014, the Board is expecting further progress in all areas of the Engineered Products Division. Whilst Cylinders is expected to experience a well flagged reduction in margins, arising from aggressive pricing by its Asian competitors, the Directors expect to see a continuation of the high levels of activity in other areas of oil and gas highlighted earlier in the year.



As previously announced, the Alternative Energy Division has secured two large orders for its biogas upgrading systems which will be delivered in 2014 and there is a pipeline of potential follow on orders.



Accordingly, the Board is pleased to begin the new financial year on a positive footing and looks forward to updating shareholders as the year progresses.

A buy in this weeks IC - Pressure Technologies expects to beat full year expectations following a strong second half for its seamless steel cylinders, used widely on oil rigs and submarines, and for high pressure equipment made by the smaller engineered products division. Management expects another good year from the engineered products -team.

Preliminary Results 2013

RNS


RNS Number : 5054U

Pressure Technologies PLC

03 December 2013










3 December 2013



PRELIMINARY RESULTS 2013



Pressure Technologies plc ("Pressure Technologies" or the "Group") announces its preliminary results for the year ended 28 September 2013.



Highlights:

· Record revenue of £34.4 million (2012: £30.4 million) - up 13%

· Operating profit of £2.9 million (2012: £1.8 million) - up 63%

· Basic earnings per share increased to 19.4p (2012: 11.2p) - up 73%

· Progressive dividend policy continues: final dividend of 5.2p per share giving total dividend for the year of 7.8p per share (2012: 7.5p)

· Strong balance sheet maintained - net funds of £4.0m (2012: £2.7 million)

· Large incremental profits were generated in the Cylinders and Engineered Products divisions

· Breakthrough for Alternative Energy Division with large orders secured for delivery in 2014

· Strong order book and pipeline across all divisions of the Group

· Commitment to organic and acquisitive diversification strategy - targets being evaluated

· Board confident of further progress in the current year



Alan Wilson, Chairman of Pressure Technologies, said:



"We have begun the current financial year with an order book 37% higher than last year, so the prospects for a further improvement in performance are very promising. We also continue to develop new products and services across the Group and are planning major capital expenditure over the next two years to expand capacity, improve productivity and quality and increase profitability. In parallel with growing our core businesses, the Board continues to evaluate earnings enhancing acquisitions which complement and add value to our existing portfolio.



I view the year ahead with much enthusiasm and look forward to presenting further evidence of the Group's ability to capitalise on the opportunities which lie ahead."

The market for sub sea trees is booming but next year for PRES is all about Alternative Energy division; another order here moves the needle.
New commentary at http://www.investorschampion.com/research/company/pressure-technologies/

LISTEN: Pressure Tech (PRES) - Preliminary results 2013

Click here to listen

Strategic Investment

http://www.moneyam.com/action/news/showArticle?id=4724251

Pressure Technologies invests US$4mln in gas transport business

By Jamie Ashcroft

December 13 2013, 11:07am
Pressure Technologies invests US$4mln in gas transport business

AIM quoted oil services group Pressure Technologies (LON:PRES) has made a strategic investment in a manufacturer of high pressure vessels for transporting gas.

It will put US$4mln into Texas based GTM Manufacturing, in return for a 40% stake and it also has an option to acquire another 40% of the business in the future.

"It is the board's strategy to complement organic growth with acquisitions that enhance and broaden the company's existing operations.

“We believe that the agreement reached with GTM affords Pressure Technologies an excellent means by which to participate in the growth in the market for the transportation of gases across a wide number of sectors, particularly oil and gas where we already have considerable experience.

"The Investment allows the company to join the expertise of the design and manufacture of high pressure gas cylinders in our subsidiary Chesterfield Special Cylinders (CSC), with GTM's expertise in the production of light-weight composite cylinders and to develop and expand GTM's product range for use in the United States and subsequently further afield.

“We are very excited to be working with Ken Kelley and his team at GTM.

"The board believes that the combination of Pressure Technologies and GTM will enhance the ability to capitalise on the growing market in the transportation of gases."

A buy in IC - More to come from pressure Tech.

A boom in oil and gas exploration has proved lucrative for Pressure Technologies - about 80% of the business depends on it. That was partly responsible for a two-thirds increase in underlying pre-tax profit this year to a forecast beating £3.3m

Pressure Technologies PLC (PRES:LSE) set a new 52-week high during today's trading session when it reached 459.80. Over this period, the share price is up 151.95%.

Pressure Technologies PLC (PRES:LSE) set a new 52-week high during today's trading session when it reached 465.00. Over this period, the share price is up 160.25%.

Closed up 9.04%

Strong buying

:-))

near highs

Here is one that get little notice and is at a new high.

AGM Statement

RNS


RNS Number : 9171Z

Pressure Technologies PLC

13 February 2014




13 February 2014



Pressure Technologies plc

("Pressure Technologies" or the "Group")



AGM Statement



The Board of Pressure Technologies plc issues the following trading update ahead of the Group's AGM, which is being held at 12.00 hours today at the Copthorne Hotel in Cardiff.



The Board is pleased to report a positive start to the year, which has been underpinned by strong order books and pipelines of prospective orders across the Group. At the end of January 2014, the total orders on hand were 39% higher than at the start of the current financial year and 100% higher than at the end of January 2013.



The Group's principal market, oil and gas, has continued to show resilience, and further progress has been made in the naval defence market and at Chesterfield BioGas. Our cylinder product range has also been expanded through our investment in Kelley GTM, manufacturers of welded-steel composite cylinders, which was announced on 13 December 2013. In line with the Group's strategy, the Board continues to seek and evaluate further acquisition opportunities.



Cylinders



Chesterfield Special Cylinders has continued to experience improving demand for its principal product range, air pressure vessels for deepwater semi-submersible oil rigs and drillships, although margins have been impacted by the now long standing pressure on prices from South Korean competition. Further contracts have been won in the naval defence market for submarine build programmes in Germany and Asia for delivery between 2014 and 2018. Sales of our high added value in-situ retest service continue to grow in both the oil and gas and defence markets.



The investment in Kelley GTM, via a loan that has partly converted into a 40% stake, gives the Group a low risk entry into the composite cylinders market and will, over the medium term, lead to the development of both welded and seamless steel lined composite cylinders for the compressed natural gas and hydrogen alternative fuels markets.



Engineered Products



Demand for products from Al-Met and Hydratron has continued to increase. In November 2013, both Al-Met and Hydratron took over £1,000,000 of new orders, a record for a single month.



The first stage of the planned capital investment at Al-Met has been completed, with the addition of an EDM wire cutting machine to expand our capability for the manufacture of components for large gate valves. The second stage, the purchase of a 5-axis mill turning machining centre, will be completed in the second half of the current financial year, giving an enhanced capability for the manufacture of stems for subsea trees. The combined cost of these investments is in the region of £750,000 and has been funded through finance leases.



Hydratron has completed the initial phase of the reorganisation of its manufacturing in the UK, creating more space for the assembly of control panels and test benches to meet the increase in manufacturing activity required to service its growing order book.



Both companies have also increased headcount since year end. Al-Met has recruited a number of skilled operators and additional apprentices, and Hydratron has recruited a specialist Research and Development manager and a number of graduate trainees in sales and engineering.



Alternative Energy



The momentum in Chesterfield BioGas' core market, the sale of biogas upgrading equipment for biogas-to-grid ("BtG"), is growing. Following on from the announcement of a £4.2 million order in January 2014, the division has this week secured a further order amounting to £1.8 million for a BtG project in Scotland. This takes the order book to £10.6 million with project delivery split between the 2014 and 2015 financial years. As with the other divisions, the pipeline of prospective projects remains buoyant.



Summary and outlook



Sales prospects across the Group are very strong and Pressure Technologies is performing in line with the Board's expectations at this stage of the year. The Board is confident that the outcome for the current financial year will be at least in line with market forecasts.

Acquisition & Placing

http://www.moneyam.com/action/news/showArticle?id=4766985

STOCKS NEWS EUROPE-UK AIM index rises as Pressure Tech rallies

Reuters - UK Focus – 4 hours ago
.

Britain's junior-listed AIM shares rise 0.4 percent, outperforming small, mid- and large caps, which shed between 0.2 percent and 0.5 percent.

Shares in AIM-listed Pressure Technologies rise 7.2 percent in volume over 30 times its three-months average as the engineering company agrees to acquire Roota Engineering, an oil & gas industry specialist, in a deal financed through two placings.

"The acquisition is significantly earnings enhancing," Charles Stanley (LSE: CAY.L - news) writes in a note. "Roota is a highly complementary acquisition, operating in markets that are well understood by (Pressure Technology's) management."

Field management specialist ServicePower, also listed in the AIM index, rises 11.1 percent as it unveils a multi-year contract from Swedish appliances maker Electrolux (Other OTC: ELUXF - news) .