News


PIPEHAWK PLC AWARDED SIGNIFICANT DEVELOPMENT
CONTRACT
Sep 2001


PipeHawk Plc has secured a new development contract from NYGAS, the New York gas industry technology consortium.

The initial phase is due to commence on September 1, 2001 and is intended to extend over a period of 12 months, with a value of US$870,000.

The objective is to develop a low-cost hand held pipe and cable locator product incorporating PipeHawk's ground probing radar technology to meet a proven demand from the construction and utility industries world wide.
It is the intention of NYGAS and PipeHawk that the second phase of the program will involve a commercial partner who will assist in the final product specification and commercial development. Discussions are already in hand with a major US corporation in this regard. Under such an agreement both NYGAS and PipeHawk will receive royalties from sales.

Other significant vertical markets have been identified for which PipeHawk has been granted commercialisation rights. Further development of the initial product will be designed to enable PipeHawk to address applications in the land mine, forensic, archaeological and other sectors.


01 September 2001 Back to News