Clyde Process Solutions plc

(“CPS” or the “Group”)

£1.9 million of orders secured from Asian steel producers

Clyde Process Solutions plc (AIM: CPSP), a global provider of pneumatic conveying and air filtration solutions for process industries, announces that it has been awarded two contracts, collectively worth £1.9 million, from two separate Asian-based steel producers.

CPS will supply one steel producer, based in China, with a pneumatic conveying system that will transport quicklime within their production facility. Quicklime, more commonly known as lime, is used by the steel industry as a raw material to purify steel. The CPS pneumatic conveying system will transport quicklime over a distance of one mile, which the Directors believe is a world leading distance for this raw material using pneumatic conveying technology. The order value of this contract is £0.9 million.

The other order secured by CPS will see the Group supply a steel producer, based in Taiwan, with a pneumatic injection system that will inject pulverized coal into their blast furnace. Coal is used as the prime fuel within a blast furnace that reacts with predominately hot air and iron ore to produce iron, which is then refined to create steel. The order value of this contract is £1.0 million.

Commenting on these orders, Alex Stewart, Chief Executive of Clyde Process Solutions plc said: “We are pleased to maintain the sales conversion momentum we have built in recent weeks. Both contracts have been secured from existing customers, which is testament to the strong performance of our technologies once deployed within our customers’ production processes.

Furthermore, our pedigree in providing pioneering solutions is enhanced through the contract secured in transporting quicklime over one mile, which represents an industry first.

 Both contracts are in line with management expectations. Our focus for the remainder of this financial year is to continue to build on the strong progress made in securing orders across all our key customer markets.”    

 For further information please contact: 

 Notes to Editors 

Clyde Process Solutions (“CPS”) is a global provider of pneumatic conveying and air filtration solutions for process industries.  The Group is primarily involved with the design and implementation of value-adding, energy saving and environmentally efficient solutions, which are used to handle the raw materials required to produce commodities such as metals, cement, chemicals, ethanol and foods.  The use of pneumatic conveying and air filtration technologies enables CPS’s clients to solve challenges associated with other methods of conveying, including the control of dust and material spillage and subsequent possible contamination of both operational environments and the local communities in which the manufacturing facilities are based.  The Group has an extensive, global reference list complemented by operations in Europe, North America, China, South America and South Africa, and uses its technologies to improve the operational effectiveness of their customers’ production processes. 

The Group has two principal subsidiaries, which both provide a wide range of solutions utilising pneumatic conveying, air filtration, pneumatic injection and valve technologies: 

CPS has over 40 years of experience in the pneumatic conveying and air filtration industry, backed by a wealth of process knowledge.  The Group employs close to 500 staff throughout 10 worldwide offices to support its global customer base. 

Clyde Process Solutions (CPSP.L) listed on the AIM market of the London Stock Exchange in July 2006 and is included in the FTSE Industrial Engineering sector. 

For further information, please see www.clydeprocesssolutions.com