Infrastrata PLC (INFA.L) Contract Award

Two-Vessel Contract Award

InfraStrata plc (AIM: INFA), the UK quoted company focused on strategic infrastructure projects and physical asset lifecycle management, is pleased to announce that it has won a contract award from a globally recognised ferry company for the repairs of two of its ferries at Harland & Wolff (Belfast).

The two-vessel deal is valued at approximately £1.60 million and the completion of the repair works on both vessels is expected by mid-June 2021. The works are being carried out at the Group’s repair dock at its Harland & Wolff (Belfast) site.

John Wood, CEO of Infrastrata, commented: “I am very pleased that we have signed a two-vessel deal with our client. We are now seeing the positive effects of the UK’s successful vaccination programme emerging in that clients and vessel owners are discussing and committing to larger spend profiles on their vessels.

Going into the third and fourth quarters of this calendar year, should the vaccination programme continue to be successful and the economy continues its recovery, we should be in a position to win further contracts of larger value given that we have time and again demonstrated our technical and commercial capabilities to the satisfaction of vessel owners. We expect to make further announcements to the market in due course.”

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