SRJ Technologies awarded contract for flange integrity products

SRJ Technologies Group (ASX:$SRJ) has been awarded a contract by Southey Contracting Limited for the supply of its flange bolt integrity equipment, BoltEx®. The initial contract is valued at A$292k (US$192k) and will support Southey in delivering asset integrity to an FPSO in West Africa for a global energy company.

Executive Commentary on Contract Award

Demand for our highly engineered and custom built BoltEx® solution continues to grow. More and more companies globally that operate significant infrastructure and industrial facilities are becoming aware of the many safety and performance benefits that our range of flange integrity products offer.

Summary of SRJ Technologies Contract Award

SRJ Technologies (ASX:SRJ) has secured a contract to supply its flange bolt integrity equipment, BoltEx®, to Southey Contracting Limited for a maintenance campaign on an FPSO in West Africa. The initial contract value is A$292k (US$192k), representing greater than 5% of the current secured revenue for FY23. The award reflects the growing demand for SRJ's highly engineered and custom-built solutions, indicating increasing awareness of the safety and performance benefits offered by their range of flange integrity products. The company's geolocation flexibility and ability to deliver high-quality, agile, and cost-conscious solutions globally position it for continued growth and success in the industry.