Pipehawk (GB:PIP) has released an update.
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PipeHawk PLC has announced significant growth in its partnership with Unipart Rail, with revenues from their Memorandum of Understanding expected to rise from £30k to £0.5m by June 2024, and additional revenue already projected for 2025. The partnership, which started with distribution of standard products, has expanded to manufacturing and global distribution of high output machinery. Furthermore, the collaboration has spawned a joint funding win for a rail panel handling innovation project, indicating a promising increase in orders and global outreach.
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