viewHightex Group plc

Hightex’s German subsidiary secures €250,000 thermal cooling contract

Hightex’s (LON:HTIG) subsidiary SolarNext has secured a deal worth in excess of €250,000 to supply and install a thermal cooling system in Germany.

The order, for a German factory, is worth almost as much as SolarNext’s total sales last year, Hightex said.

The thermal cooling systems unit is the largest to be supplied by SolarNext to date, with a power capacity of 350 KW.

Hightex, which supplied the material for the retractable roof on Wimbledon’s Centre Court and helped build Johannesburg’s Soccer City Stadium, host to the 2010 Football World Cup Final, added that all revenues from the order will be received in the second half of 2012.

The company said: “SolarNext continues to work on a number promising leads: as with the contract announced above, many of these targeted leads are focused on supplying systems with greater power capacity than those historically supplied by SolarNext, and hence will provide larger revenues per contract.”

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