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.

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) .

Pressure Technologies PLC (PRES:LSE) set a new 52-week high during today's trading session when it reached 715.00. Over this period, the share price is up 271.05%.

cracking chart.

Notice of Results

RNS


RNS Number : 9794H

Pressure Technologies PLC

27 May 2014










Embargoed for release 07:00 on 27 May 2014





Pressure Technologies plc

(AIM: PRES)



Notice of Results and Analyst Briefing



The Board of Directors is pleased to announce that Pressure Technologies plc will release its interim results for the six months ended 29 March 2014 on Tuesday, 10 June 2014. An analyst briefing will be held on that date at 9.00 am prompt at:

ex dividend 09 Jul 14 Pressure Technologies PLC [PRES] (2.8 p)

Acquisition of shares by a Director

RNS


RNS Number : 1173M

Pressure Technologies PLC

11 July 2014








11 July 2014



Pressure Technologies plc

("Pressure Technologies", the "Group" or the "Company")



Acquisition of Shares by a Director



The Board of Pressure Technologies has been informed that James Lister, Finance Director, has today acquired 36,000 ordinary shares in the Company and now holds 66,000 ordinary shares, being 0.46 per cent. of the Company's issued ordinary share capital.



Mr Lister acquired these additional ordinary shares by way of the exercise of share options at a price of 232.5 pence per share. Mr Lister exercised 51,612 options of new ordinary shares and has today sold 15,612 of those ordinary shares at a price of 710 pence per share, to substantially fund the exercise of all of the options. The shares have been acquired by an institutional investor.



The 51,612 new ordinary shares will rank pari passu with the existing ordinary shares in the Company and application has been made for these new ordinary shares to be admitted to trading on AIM, which is expected to occur on or around 18 July 2014.



In accordance with the Financial Conduct Authority's Disclosure and Transparency Rules, the total number of ordinary shares of 5 pence of Pressure Technologies in issue at the date of this notice is 14,320,345.



The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in Pressure Technologies, under the Disclosure and Transparency Rules.

Acquisition

RNS


RNS Number : 9795R

Pressure Technologies PLC

18 September 2014








18 September 2014



Pressure Technologies plc

("Pressure Technologies", the "Company" or the "Group")



Acquisition of the business and assets of Greenlane Biogas Holdings Limited



Pressure Technologies announces that, after completing extensive detailed due diligence, the Company has agreed terms to acquire the business and certain assets of New Zealand based Greenlane Biogas Holdings Limited and those of its various subsidiary companies ("Greenlane" or the "Acquisition"), a leading developer and global supplier of patented technology for upgrading raw biogas to high purity biomethane.



Highlights:



· Greenlane is a leading global provider of Biogas-To-Grid ("BTG") waterwash technology, which has designed and built over 80 biogas plants around the world;



· Greenlane has a global footprint with a strong presence in North & South America and Europe. These markets together with emerging markets in South East Asia and China provide significant growth opportunities;



· Greenlane's applications are used to capture biogases released from multiple waste sources and its technology can be applied to turn landfill gases into biomethane;



· The Board believes that the Acquisition is highly complementary to the Group's existing subsidiary Chesterfield Biogas Limited ("CBG"), which has been working with Greenlane since 2008 under an exclusive licence to sell Greenlane Technology in the UK;



· The Acquisition is expected to be earnings enhancing in the year ending 1 October 2016;



· The Board intends to form an enlarged Alternative Energy subsidiary, comprising CBG and Greenlane;



· The longstanding close working relationship between Chesterfield Biogas and Greenlane is expected to ensure a smooth integration process;



· The Acquisition is part of the Group's stated strategy to expand both organically and by acquisition; and



· The Board believes Greenlane has strong potential as part of the Pressure Technologies group.



The maximum total consideration for the Acquisition is NZ$25 million (£12.4 million), comprising an initial consideration of NZ$12.0 million (£6.0million) with additional deferred payments, split over four years, of up to a maximum of NZ$13.0 million (£6.4 million), based on the future financial performance of Greenlane. The initial consideration will be met from the Group's existing cash resources.



Alan Wilson, Chairman of Pressure Technologies, said: "We believe that this deal represents an excellent opportunity to expand the Group's Alternative Energy division with the acquisition of a business, intellectual property, technology and employees that we know very well. Our intention is to combine Greenlane's proven patented technology with our commercial and management capabilities to capitalise on the significant global market opportunity.



"The Acquisition will be integrated rapidly into the Group over the next six months and the Board expects it to be earnings enhancing in the year ending 1 October 2016."



Rob Fenwick, Chairman of Greenlane, said: "The combination of Greenlane and Pressure Technologies makes very sound business sense. Being part of a strong, growing AIM listed plc gives Greenlane the backing it needs to fulfil its true potential.



"Greenlane is considered one of New Zealand's global cleantech success stories. Under Pressure Technologies' ownership it secures a good cultural fit and I believe the acquisition delivers the best possible value to the stakeholders of both companies."



The effective date of the Acquisition is expected to be 1 October 2014. Further details of the terms of the Acquisition are set out below.



NZ$2.01:£1 exchange rate

Acquisition of Quadscot Holdings Limited

RNS


RNS Number : 1120T

Pressure Technologies PLC

01 October 2014






1 October 2014



Pressure Technologies plc

("Pressure Technologies", the "Company" or the "Group")



Acquisition of Quadscot Holdings Limited



Pressure Technologies announces that it has acquired the entire issued share capital of Quadscot Holdings Limited ("Quadscot") (the "Acquisition"), a provider of high quality computer controlled and conventional precision engineering and machining services primarily to the oil, gas and petrochemical industries.



Highlights



· The Acquisition is complementary to the Group's existing subsidiaries Al-Met Limited ("Al-Met") and Roota Engineering Limited ("Roota") and Quadscot will become part of the Engineered Products division

· Quadscot is a profitable and cash generative business that also benefits from good near term order book visibility

· The Board expects that the Acquisition will be immediately earnings enhancing

· Quadscot has significant opportunities to expand and extend its customer base following a recent large scale expansion of its manufacturing facilities

· The Acquisition is further evidence of the Board delivering on the Group's stated strategy to expand both organically and by acquisition and adhering to its strict acquisition criteria



The maximum total consideration for the Acquisition is £10.3 million (plus cash balances), comprising an initial cash consideration of £7.3 million (plus cash balances) ("Initial Consideration") with additional deferred payments, split over two years, of up to a maximum of £3.0 million, based on the future financial performance of Quadscot ("Additional Consideration"). The Initial Consideration will be met from the Group's new bank facilities and existing cash resources.



Alan Wilson, Chairman of Pressure Technologies, said: "The acquisition of Quadscot is further evidence of the Group's ability to identify well run, profitable businesses that will benefit from being part of Pressure Technologies, whilst also making a significant contribution to the future performance of the Group.



Quadscot has an excellent reputation in its market and we are delighted to welcome all of the employees to the Group."

Final Results

RNS


RNS Number : 1829Z

Pressure Technologies PLC

09 December 2014










Embargoed for release at 07.00 hours 9 December 2014



PRELIMINARY RESULTS 2014



Pressure Technologies plc ("Pressure Technologies" or the "Group") announces its preliminary results for the year ended 27 September 2014.



Financials:

· Record revenue of £54.0 million (2013: £34.4 million) - up 57%

· Underlying operating profit* of £7.8 million (2013: £3.3 million) - up 138%

· Operating profit of £5.6 million (2013: £2.9 million) - up 93%

· Basic earnings per share increased to 28.5p (2013: 19.4p) - up 47%

· Progressive dividend policy: final dividend up 8% to 5.6p per share giving total dividend for the year of 8.4p per share (2013: 7.8p)

· Balance sheet strengthened further with net funds of £5.8 million (2013: £4.0 million)

* before acquisition costs, amortisation on acquired businesses and exceptional costs



Highlights:

· Record revenues and profits with all divisions growing in the year

· Successful share placing in March, raising £16.1 million net

· Strategy of product and market diversification to reduce impact of cyclicality in the oil and gas industry continues apace:
- Acquisition of Roota Engineering, March
- Acquisition of Greenlane Biogas and Quadscot, post year-end

· Engineered Products division is now the largest contributor to revenue and profit

· New organisational structure with four divisions and divisional MDs to be introduced in 2015

· Strong management teams and market positions across all the Group's businesses driving growth

· New financial year began with order book 14% higher than the prior year





Alan Wilson, Chairman of Pressure Technologies, said:



"The Group will continue its growth strategy of combining acquisitions and organic growth. The priority with recent acquisitions is to complete their successful integration, but we may pursue further acquisitions if the right opportunities present themselves.



Continued organic growth must be viewed against a background of low global economic growth, geopolitical tensions and oil price uncertainty. Whilst it is pleasing to report that the Group ended the year with a like for like order book 14% higher than last year, we expect a reduction in sales into the deepwater oil and gas market in Cylinders, but continued growth through our other divisions as a result of our market position and the full year contribution of recent acquisitions. The Board views current market conditions with caution, but we start 2015 in a much stronger and more balanced position overall, so I am optimistic about the year ahead."



-Ends-

Profit warning.

Pressure Technologies has issued an update on recent trading and set out its current expectations for the financial year ending 3 October 2015 ahead of its AGM next week. - See more at: http://www.investorschampion.com/blog/ or http://tinyurl.com/nsnb7xq