Hayward Tyler (AIM: HAYT) – two more positive announcements
Hayward Tyler continues on its positive development, with two exciting announcements today. The share price of the Group found little support over the winter months, but has started on a more positive trajectory following recent reassuring trading updates.
Today the specialist engineering Group has announced that it has entered into a production alliance agreement with the giant US listed FMC Technologies (NYSE:FTI) and signed the latest topside letter of intent agreement (LOI), building on Hayward Tyler’s long-standing relationship with Eureka.
FTI is a fantastic business and one of the global market leaders in subsea systems. Under the terms of the agreement, Hayward Tyler will manufacture permanent magnet motors for use in FTI’s…
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