Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
The latest announcement is out from Pressure Technologies ( (GB:PRES) ).
Pressure Technologies plc announced that its subsidiary, Chesterfield Special Cylinders, has secured a significant contract with Hydrasun Limited to supply pressurized hydrogen storage systems for the bp Aberdeen Hydrogen Hub project. This contract marks a strategic milestone for the company as it positions itself to support the UK government’s Net Zero strategy and anticipates further hydrogen contract awards in 2025, which will bolster its revenue for the coming years.
More about Pressure Technologies
Pressure Technologies plc, based in Sheffield, operates through its wholly owned subsidiary Chesterfield Special Cylinders (CSC). CSC is a market-leading designer, manufacturer, and supplier of safety-critical, high-pressure containment products and services to global customers in the defense, hydrogen energy, oil & gas, and industrial markets.
YTD Price Performance: -17.72%
Average Trading Volume: 37,875
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £12.57M
For a thorough assessment of PRES stock, go to TipRanks’ Stock Analysis page.