JDR AWARDED £2M GRANT TO DEVELOP HIGH VOLTAGE CABLES

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Littleport, United Kingdom – 6 July 2010 – JDR Cables Systems LTD.

JDR has been awarded a £2million grant to develop high voltage cables.  The award forms part of the Department of Energy and Climate Change (DECC’s)  plans to help UK companies invest in the equipment and technology required to support the country’s transition to a low carbon future.  As a leader in the renewable energy market, JDR Cable Systems already supplies medium voltage cables to major offshore wind farms in the UK.

Patrick Phelan Managing Director, JDR Cable Systems Ltd. said, “We are delighted to be awarded this grant which recognises our leadership position and commitment to the renewable sector.  The grant will help JDR to become the only UK company capable of manufacturing high voltage alternating current export cables (HVAC), that will weigh up to 4000 tonnes each, for the rapidly growing offshore wind energy market, particularly for UK Round 3 projects. This £2m award will form part of an additional investment of £11m in specialist equipment at our deepwater quayside factory in Hartlepool.  High voltage export cables are a bottleneck in the supply chain for offshore wind farms and we are delighted that, as a result of this investment, we will have the capability to manufacture this vital connection right here in the UK.”

About JDR Cable Systems: JDR is a leading provider of custom-designed and manufactured static and dynamic subsea power cables, umbilical systems and marine cables for a broad range of applications throughout the oil and gas sector, offshore renewable energy industry, and seismic and defence markets. JDR is currently in the process of completing a 25km subsea power cable and hub for the South West Regional Development Agency’s Wave Hub project – to be deployed off the coast of Cornwall in mid July. JDR has also just finished work on 200 km of  array cables for the Greater Gabbard offshore wind farm and has begun work on 230 km of array cables for the London Array offshore wind farm.

JDR was recently granted a prestigious Queen’s Award for Enterprise 2010.  This special award is in recognition of the company’s success in International Trade for the period from April 2006 to March 2009.

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