Proactive Investors: SEG Lands contracts worth $5m

Specialist Energy Group (LON:SEGR) this morning unveiled three separate orders that underline the prospects for its Hayward Tyler business and in particular its nuclear arm in the US. The value of the contracts is US$5 million, and the biggest is with Dominion Nuclear, which has ordered three sets of replacement columns for specialist water circulating pumps at the firms Millstone plant in Connecticut.

The other customers are Public Service Enterprise Group, which is buying a seal-less pump, and Hatch Nuclear, which has ordered a 125 horsepower reactor water clean-up pump.

Recently the group, headed by Ewan Lloyd-Baker, raised £5 million via a share placing to support the expansion of the US nuclear arm of Hayward Tyler.

Read more

Proactive Investors New Orders Worth £3m

Specialist Energy Groups (LON:SEGR) Hayward Tyler unit has won new contracts in India and China, totaling around £3 million.
The company won a £2 million order to supply nine Boiler Circulation Pumps (BCPs) to Bharat Heavy Electricals (BHE). The BCPs will be delivered in 2011 and they will be fitted by BHE to two new power stations in Shree Singaji and Avathar Bandhar.

It also won a £0.7 million order for two Supercritical BCPs to Chinese boiler supplier Shanghai Boiler Works Ltds (SBW). SBW will in turn supply the BCPs to the Xing Hai power station project.

Read more

Contract Update August

Further to the trading update of 8 July 2010, the Directors of Specialist Energy Group plc (AIM: SEGR.L), the niche engineering and manufacturing group are pleased to announce the signing of a new contract in China for its wholly owned subsidiary Hayward Tyler Group Ltd (“Hayward Tyler”).

The latest order is for the delivery of 2 new 520kW Glandless Motor Pumps for use in a conventional power station in Shentou, Shanxi Province, China. The Hayward Tyler pumps will be used in two 600MW Advanced Supercritical Once-Through (“ASOT”) boilers which achieve a significant reduction in CO2 emissions when compared to traditional coal powered stations. The Company now has over 500 installed pumps in China and the Far East which are serviced via its local service facility in Kunshan, near Shanghai.

Read more

Going Nuclear

Specialist Energy Group was formed in January this year after the reverse takeover of Southbank UK by Alternative Investment Market-quoted Nviro Cleantech. The takeover has transformed the group into a tangible business that is focused on providing
specialist pumps, motors and associated equipment and services to the worldwide power and oil and gas industries via its subsidiary company, Hayward Tyler Group Ltd.

Clearly the transformation from a pre-revenue renewable energy business to a profitable energy related engineering business has been one the market has yet to fully understand.

Read more

UKTI Winner Manufacturer of the Year

The Directors of Specialist Energy Group Plc (AIM: SEGR.L), the niche engineering and manufacturing group, are pleased to announce that the Company has been awarded the 2010 London Exporter of the Year Award for Advanced Engineering & Manufacturing.

The London Export Awards are organised by UK Trade & Investment, the UK government organisation that helps UK-based companies succeed in the global economy, and are backed by the Mayor of London, Barclays Bank Plc and the London Evening Standard. The awards highlight the achievements of London’s internationally-operating businesses and the contributions made to the economy of London. Specialist Energy Group was one of over 100 businesses competing for this year’s awards.

Specialist Energy Group’s main operating business is Hayward Tyler Group Limited (“Hayward Tyler”). Hayward Tyler develops, manufactures, supplies and services high-end pumps and motors for use in both the oil & gas industry and power generation sectors – conventional, nuclear and renewable.

Read more