Latest Srj Technologies Group PLC (ASX:SRJ) News

SRJ Technologies has completed the first phase of its growth strategy and is now advancing into market penetration with a significant $23.8 million joint venture in the Middle East and a key board appointment.

SRJ Technologies’ UAE subsidiary has landed a US$879k contract to manage a major controls upgrade for a Middle Eastern National Oil Company, marking a key step in its regional expansion.

SRJ Technologies has partnered with CAPSA Engineering in a $23.8 million joint venture to deliver critical electrical asset integrity services for a Middle Eastern National Oil Company, marking a major step in its regional expansion.

SRJ Technologies has made significant strides in its three-year growth plan, securing a $6 million joint venture with a Middle East National Oil Company and raising £1.4 million to fund its regional expansion.

SRJ Technologies has landed a US$269,000 contract to supply its BoltEx flange integrity solution to a leading FPSO operator offshore Guyana, marking a strategic foothold in a key offshore energy market.

SRJ Technologies Group Plc reported a 23% increase in revenue driven by a new subsidiary, yet losses widened significantly due to lower BoltEx® sales and subsidiary losses. No dividends were declared.

SRJ Technologies has completed a key acquisition of a UAE entity linked to a Middle Eastern National Oil Company, positioning itself for direct contracts with regional energy giants and expanding its asset integrity services across the Middle East.

SRJ Technologies has successfully raised A$2.53 million through its entitlement offer, positioning the company to advance a significant joint venture and acquisition in the Middle East.

SRJ Technologies has opened the retail component of its fully underwritten entitlement offer, inviting eligible shareholders to participate in a significant capital raising initiative aimed at supporting its advanced asset integrity services.

SRJ Technologies clarifies its financial position and strategic rationale behind a recent capital raise and acquisition of a UAE entity, addressing ASX concerns over its viability and voluntary suspension.

SRJ Technologies has secured $1.38 million from institutional investors in a fully underwritten entitlement offer, setting the stage for a strategic joint venture and acquisition in the Middle East. The company aims to raise an additional $1.15 million through a retail offer to support its growth ambitions.

SRJ Technologies reports a robust 81% increase in quarterly cash receipts, driven by strategic leadership changes and a focused expansion into the Middle East and other high-growth markets.