Pressure Technologies secures supply contract with Haskel Hydrogen

Engineering group Pressure Technologies has secured a contract with Haskel Hydrogen for the supply of high-pressure steel vessels to be used in its hydrogen refuelling stations.

Pressure Technologies said on Tuesday that the contract, to be delivered through summer 2021, increased the number of hydrogen refuelling station projects secured by its Chesterfield Special Cylinders subsidiary in Europe by three.

The AIM-listed group said the contract would be rolled out by Unipetrol and Bonett, with Bonett managing the integration of the hydrogen refuelling stations at existing Unipetrol sites throughout the Czech Republic.

Haskel will deliver the hydrogen refuelling stations and work alongside Bonett as they manage the integration.

Chief executive Chris Walters said: "This contract win demonstrates our ability to develop strong and collaborative customer relationships that deliver safe, innovative and cost-effective hydrogen storage solutions in an exciting and growing market."

As of 1100 GMT, Pressure Technologies shares were up 12.75% at 98.66p.