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SRJ Technologies Group plc (ASX:SRJ)

ALERT: Price-sensitive ASX Announcement for SRJ
Current share price for SRJ : $0.011 -0.003 (-21.43%)+
Announcement
Release
31 Oct 2025 9:11AM
Price at Release
$0.014
Full Release
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Summary
SRJ Technologies Group plc has announced a contract with Storm Procurement Limited to supply their BoltEx® flange bolt integrity solution to a leading Floating Production, Storage, and Offloading (FPSO) vessel operator in Guyana. The contract, valued at US$269k (A$410k), marks the first adoption of the full BoltEx® range of clamps by one of several FPSOs operated by this global leader in the offshore energy industry. This deployment aims to enhance asset integrity and safety across the operator's fleet, with SRJ's products designed to mitigate flange corrosion issues common in FPSOs. The agreement includes advanced payment terms, differing from SRJ's standard sale conditions, and reflects the company's strategy to support proactive flange management and maintenance tasks for their clients. SRJ's Chair, George Gourlay, emphasizes the importance of this adoption for expanding product utilization and improving operational safety and efficiency across the client's global fleet.
Key Points
  • SRJ secures BoltEx® supply contract with Storm Procurement Limited.
  • Contract valued at US$269k (A$410k) for FPSO operator in Guyana.
  • First adoption of full BoltEx® range by the FPSO operator.
  • Enhances asset integrity and safety, addresses flange corrosion issues.
  • Includes advanced payment terms, differing from standard conditions.
  • Aims to expand product utilization and improve operational efficiency.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.